Luxembourg Extends Deadline for Beneficial Ownership Registration

The deadline in Luxembourg has been extended for companies to register a company’s beneficial owners. The original deadline date was August 31st, however this has been extended until November 30th, 2019. Currently, over 120,000 companies have failed to file this information.
Companies that fail to comply will face a monetary fine. A fine will also be incurred if a change occurs to the beneficial owner that doesn’t get reported within 30 days.

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