The Luxembourg law of 13 January 2019 introducing a central register of beneficial owners ("BOs") of Luxembourg entities was published in the Mémorial A of 15 January 2019 and entered into force on 1 March 2019 ("Law").
Luxembourg entities are consequently required to obtain and hold adequate, accurate and up-to-date information on their BOs at their registered office (“Internal File”).
Such information must in addition be uploaded into a newly created central register of BOs, the so-called "RBE" (Registre des bénéficiaires effectifs) / "RBO" (Register of Beneficial Owners) , maintained by the Luxembourg Business Registers.
Luxembourg existing entities now have until 1 September 2019 (at the latest!) to compile their Internal File on BOs and to register the relevant information with the RBE.
There is still time to act but you should not assume that your service providers will automatically take care of the required filing!
How we can help ?
BENEFICIAL OWNERS HELPDESK
We offer a single helpdesk in order to answer your questions and have a suite of fixed price services to ensure that you shall comply with the new law.
Contact our helpdesk at: RBE_helpdesk@arendt.com
The helpdesk will be committed to revert within 24hrs.