Media & Resources
The EU countries will be compelled to reveal the ultimate beneficiaries of companies and trusts.
DATE: December 19, 2014 | AUTHOR: atlawyers
The EU countries will be compelled to reveal the ultimate beneficiaries of companies and trusts.
Starting from 2017 the EU countries will be obliged to maintain centralized registries including information on beneficiaries of the companies and trusts registered in the European countries. Information from corporate registers will be available to those having “legitimate interest” (government bodies, some legal entities etc.). The information on trusts beneficiaries will be based on the information already due to be collected by tax authorities and become available for competent government bodies.