Luxembourg: “Ultimate beneficial owners” registries | KPMG | GLOBAL

Luxembourg: Proposals to implement “ultimate beneficial owners” registries

Luxembourg: “Ultimate beneficial owners” registries

Luxembourg’s Finance and Justice Ministers on 6 December 2017 presented two new draft laws (n°7216 and n°7217) that would implement two distinct registries of “ultimate beneficial owners.”


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There would be: (1) a central registry (register) for the ultimate beneficial owners of legal entities; and (2) a central registry for trusts and fiduciaries. 

The main purpose of these new proposed measures would be to align Luxembourg’s regulations with the international requirements in terms of legal persons’ transparency. The focus is on two main reporting requirements:

  • A requirement to obtain and keep up-to-date information on the beneficial owners in a central registry
  • A requirement for companies / legal entities and trusts / fiduciaries to obtain and keep updated information on their own beneficial owners

The registry measures would implement anti-money laundering rules, pursuant to an EU directive.


Read a December 2017 report prepared by the KPMG member firm in Luxembourg

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