Extended Deadline For RBO Declarations
Based on the provisions of the RBO Law1, all in-scope Luxembourg entities were required to comply with the provisions of the RBO Law and, in particular, file information on their beneficial owner(s) with the register of beneficial owners ("RBO") by the end of August 2019.
On 2 September 2019, the Luxembourg Business Registers ("LBR") announced the postponement of the administrative deadline for entities to file the relevant information on their beneficial owners with the RBO. Entities now have until 30 November 2019 to file the relevant information and the registrations made in the RBO until that date remain free of charge.
As indicated in our Newsflash dated 2 September 2019, this extension is purely an administrative decision, which cannot in principle override the deadline of 31 August 2019 set by the RBO Law. Therefore, existing entities which only file within the extended deadline (30 November 2019) will not, strictly speaking...
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