The new UBO-register
A centralized register of ultimate beneficial owners, called “UBO Register”, has been created under the Federal Public Service Finance (a.k.a. the tax administration). As from 31 October 2018, all companies, trusts, foundations and non-profit organizations have the obligation to keep an accurate and up-to-date information on all their beneficial owners(shareholders, holders of voting rights,…) and the individuals who effectively control them (administrators of non-profit organization, executives, trustees,…). The relevant data ought to be transmitted to the FPS Finances on a monthly basis and for the first time, before 31 March 2019.