19/12/2018

Purpose: creation of a register of beneficial owners.

Entities concerned: all Luxembourg companies, investment funds and registered branches of foreign companies.

Beneficial owner: i.e., any person owning directly or indirectly at least 25% of an entity concerned.

Access to the register of beneficial owners: public authorities, self-regulatory bodies, entities subject to AML-CTF obligations, any member of the public (limited information).

Information disclosed: name, nationality, date and place of birth, country of residence, address, national or foreign identification number, nature and extent of beneficial ownership.

Entry into force: 1st day of the second month following the publication of the law – entities concerned to be compliant within 6 months of the entry into force.

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03/07/2020
After the register of beneficial owners for companies, here comes the Luxembourg register for fiducies and trusts!

On 1 July 2020, bill of law 7216B setting up a Luxembourg register of fiducies and trusts (the “RFT”), under the supervision of the Administration de l’Enregistrement, des Domaines et de la TVA (the “AED”), was passed in Parliament (the “RFT Law”).

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