You, as a Belgian company/non-profit association, had until 30 September 2019 to register you ultimate beneficial owners (UBO’s) in the UBO register.
There will be no further extensions, but the administration will apply a tolerance policy until 31 December 2019, during which time no sanctions will be applied.
The UBO register is the electronic register managed by the FPS Finance. The UBOs of all companies, (international) non-profit organisations, foundations, trusts and legal entities governed by Belgian law, comparable to a trust or a fiduciary, must be entered there. The partnerships are also targeted.
The aim of this is to make it clearer to the investigative authorities who are in charge of a tangle of companies and constructions and who could possibly launder money and finance terrorism.
More information can be found via the following link: https://finance.belgium.be/en/register-beneficial-owners (last consulted on 30-09-2019)
