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 […]
Introduction of the UBO register: opportunities for the Curaçao trust sector!
Edo Smid and Dennis A. Evertsz discuss concerns about the UBO register and a possible solution for shareholders who want to keep their interests out of the public domain.
Panama Papers, turning in and playing hide and seek with the tax authorities – Blog Martin Lambregts
Newspapers, magazines, and journals are buzzing with the Panama Papers. This massive, international "tax scandal" is being interpreted from many different angles. Tax experts are falling over themselves to emphasize the profound differences between tax avoidance and tax evasion, even though both ultimately result in no or less tax being paid.
Central registration of stakeholders in companies – Shareholder register and UBO register to prevent 'Panama Paper' scenes?
Even before the Panama Papers made headlines, there was a desire for a central register of corporate shareholders. Insight into the underlying parties is seen as a key tool in combating fraud, money laundering, and tax evasion. Initially, only a central shareholder register was discussed; now, Europe […]
