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The Luxembourg law of 13 January 2019 introducing a central register of beneficial owners of Luxembourg entities was published in the Mémorial A of 15 January 2019 and entered into force on 1 March 2019.
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), 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!
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.