UBO Deadline March 27
Companies and other organizations must register their Ultimate Beneficial Owners (UBOs) with the Chamber of Commerce by March 27, 2022. If you haven't done so yet, now is the time to do so. Unfortunately, there is considerable confusion about who the UBOs are. The Ultimate Beneficial Owner, or UBO, is the ultimate […]
Unclear laws and regulations cause difficulties in determining the UBO
In the case of a private limited company (BV) or unlisted public limited company (NV), a natural person who directly or indirectly holds more than 25% of the shares, voting rights, or ownership interest in the company must be considered the ultimate beneficial owner (UBO). In practice, however, it is not always easy for a legal entity to […]
Ultra-vague UBO legislation will affect almost all directors.
No one seems happy about it, but it's coming anyway: the UBO register. This list of directors originated in Brussels and is intended to reduce the risk of financial and economic crimes in all EU member states and increase public transparency by providing insight into who is pulling the strings at legal entities. Also […]
UBO event report – November 26, 2019
UBO register: game changer. On November 26, 2019, Onno Cusell and Dennis Evertsz, representing Wintertaling, along with Tony de Bree, gave a presentation on the upcoming UBO legislation and regulations. The presentation focused on the content of the UBO register, the privacy of individuals and companies included in it, and how […]
