On September 27, 2020, a register of ultimate beneficiaries of legal entities was launched in the Netherlands. Our lawyers have prepared an article with a detailed analysis of the situation.
Ultimate Beneficiary (UBO) is a person who controls a legal entity with at least 25% ownership. The Netherlands became one of the last European countries to implement such a UBO register in compliance with European-wide requirements. In the vast majority of European jurisdictions, such registers are already in place.
Read more in our article:
https://www.nalog.nl/kb/biznes-v-niderlandax/v-niderlandax-zarabotal-reestr-beneficiarov/
