The Luxembourg Business Register confirmed an administrative grace period of 3 months to file with the Register of Beneficial Owners (RBE). All corporate entities have now until 30 November 2019 instead of 31 August 2019 to file the relevant information on their beneficial owners with the RBE.
The Luxembourg Business Register also confirmed that the registration will be free of charge until 30 November 2019.
What are the obligations?
• Determination of the beneficial owner(s) (“BO”) of the company;
• Filing of the following information for each BO: identity (name, first name, nationality, date and place of birth, country of residence, precise address, official identification number), as well as nature and extent of beneficial interests held;
• Maintenance of a BO file at the company’s registered office.