Additional administrative deadline for declarations to be made to the RBE

On 29 August 2019, i.e. only two days before the deadline provided for by the law of 13 January 2019 creating a register of beneficial owners (the “RBO Law“) and requiring legal entities registered with the Luxembourg Trade and Companies Register to register information concerning their beneficial owners in the centralised register (the “Register“) (see our newsletter dated 16 January 2019), the Luxembourg Business Registers (the “LBR“) has announced, through its digital platform, that an additional administrative period of 3 months is granted to legal entities to register the information of their beneficial owners in the Register. The deadline is therefore administratively set at 30 November 2019.

However, this is only an administrative postponement, the RBO Law has not been amended, so it remains applicable both with regard to the deadline of 31 August 2019 and with regard to possible criminal penalties, so that for legal entities who have not yet made the required registrations, it is still very important not to delay the necessary registrations.