Advocaten / Avocats / Lawyers

Thursday, 29 August 2019

Deadline for the registration with the Luxembourg UBO register postponed to 30 November 2019

The Law of 13 January 2019, which implements the register of ultimate beneficial owners in Luxembourg, grants the entities concerned, following its entry into force, a 6-month delay for complying with its provisions. Therefore, registered entities have had to proceed, under penalty of a fine, on the basis of filing the information relating to their beneficial owners by 31 August 2019 at the latest.

Today, on 29 August 2019, 2 days before the expiry of the initial deadline, the Luxembourg Business Registers, which is the entity managing the UBO Register, has published a notice stating that an additional administrative delay of 3 months is now being granted to those entities that have not made the required filings as yet.

The notice also states that there will continue to be no cost for the filing during this 3-month period.

Therefore, registered entities have until 30 November 2019 to proceed with the registration of their beneficial owners.

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Tiberghien Luxembourg monitors the implementation of the UBO Register in Luxembourg (as well as in the other Member States). 

For more information, please do not hesitate to liaise with your usual contact at Tiberghien Luxembourg or with the authors.

Maxime Grosjean - Senior Associate (maxime.grosjean@tiberghien.com)

Gauthier Mary – Senior Associate (gauthier.mary@tiberghien.com)

Tiberghien Brussels

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