We refer to our previous communication regarding the Belgian UBO register.
Under the anti-money laundering legislation, all companies, (international) non profit organisations, foundations, trusts and legal entities comparable to trusts under Belgian law had to register their ultimate beneficial owners in the Belgian UBO register by 31 December 2019 at the latest.
In addition to this initial registration, every change must be made within the month and, moreover, the accuracy of the information must be confirmed annually. The period of one year starts from the initial registration or from the last change made to the UBO register.
In the meantime, a button for the annual confirmation is provided in the UBO application.
In the future, a system will also be set up whereby the legal representative of the information provider will receive a reminder via email (at least if an email address has been included in the MyMinfin platform) one month before the expiry of the deadline to confirm the information in the UBO register.
Of course, PwC can also assist you with the annual confirmation of the information in the UBO-register. If you have any questions with regard to this matter, please reach out to your regular PwC advisor.
