Belgian UBO register
By 30 September 2019, all Belgian legal entities must have registered their ultimate beneficial owners in the Belgian UBO register.
In the international fight against money laundering and terrorist financing, the EU has introduced an obligation for companies, associations, foundations and trusts to identify and register their ultimate beneficial owner(s), the so-called UBO. Over the past year, the relevant EU Directives have been implemented in Belgian law, and an electronic UBO register has been set-up and is now fully operational.
The deadline for registering the UBOs of your Belgian entities, 30 September 2019, is approaching rapidly. Directors of non-compliant entities risk administrative fines up to EUR 50,000. Non-compliance may also be sanctioned by criminal fines.
To help you prepare for this filing in a timely and efficient manner, we prepared a toolkit with practical information and questionnaires. Based on the information collected via the questionnaire, we can assist you, if you would desire so, with the identification of the UBO and the actual registrations in the UBO-register.
Content of the toolkit:
- Brochure setting out the key elements of the UBO register in Belgium.
- Frequently Asked Questions, providing more detailed information on specific topics.
- Manual explaining how the legal representative of your Belgian entities can provide a mandate to Loyens & Loeff to make the UBO registration.
- associations and foundations; and
- trust and fiduciaries.
If you would like us to assist you or would like to receive more information, please contact us via your usual Loyens & Loeff contact person(s) or via email@example.com.Send an e-mail