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Luxembourg Unveils Beneficial Ownership Requirements: A Step Towards Transparency

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The Luxembourg Business Registers (LBR) has rolled out its updated database, providing public access to information on individuals and entities subject to registration under the Trade and Companies Register (RCS) and the Register of Beneficial Owners (RBE).

Data Accuracy: A Commitment

According to the LBR’s economic interest group, the new database aims to promote transparency and disseminate up-to-date information. However, users are cautioned that while the LBR strives to correct errors reported by the public, it cannot be held responsible for the use of the information contained on its website.

• The LBR has committed to ensuring that the data displayed on its website is consistent with the information held in each entity’s or individual’s file.
• However, if an amendment has been notified to the RCS or RBE within three days prior to consultation, it may not yet have been taken into account.

Original Documents Prevail

In cases of discrepancies between the published texts and original documents filed with the RCS, the original documents prevail. This underscores the importance of consulting the original documents for accuracy.

Disclaimers Apply

The LBR website may link to external sites over which it has no control, and users are advised that LBR disclaims all liability in relation to these external sites. Furthermore, users acknowledge that the use of this site may be subject to interruptions or temporary disruptions.

• These disclaimers are not intended to circumvent applicable laws or exclude liability where such exclusion is not permitted by law.
• Users accessing paid services on the LBR website must first accept the general conditions available on its site.