Yesterday, September 27, 2020, register 1 of the UBO register came into effect. You may need to take action now.
For legal entities and partnerships established on or after September 27, 2020, you must report the Ultimate Beneficial Owner (UBO) immediately upon registration at the Trade Register of the Chamber of Commerce. For existing entities established before September 27, 2020, you have eighteen months to register the UBOs with the Chamber of Commerce. Please note: failure to report on time is an economic offense.
We can assist you with the registration of the UBOs at the Chamber of Commerce, as well as the determination of the UBO within your organization.
In case you require any assistance or have any questions in relation with the UBO register, please do not hesitate to contact us.