{"id":7991,"date":"2020-01-13T11:28:10","date_gmt":"2020-01-13T10:28:10","guid":{"rendered":"https:\/\/www.everestnotariaat.com\/implementation-of-ubo-register-postponed\/"},"modified":"2026-03-10T13:55:54","modified_gmt":"2026-03-10T13:55:54","slug":"implementation-of-ubo-register-postponed","status":"publish","type":"post","link":"https:\/\/everestnotariaat.com\/en\/implementation-of-ubo-register-postponed\/","title":{"rendered":"Implementation of UBO register postponed"},"content":{"rendered":"<div class=\"et_pb_section_0 et_pb_section et_section_regular et_block_section\"><div class=\"et_pb_row_0 et_pb_row et_block_row\"><div class=\"et_pb_column_0 et_pb_column et_pb_column_4_4 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_text_0 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module\"><div class=\"et_pb_text_inner\"><p><em>On December 10<sup>th<\/sup>, 2019, the House of Representatives approved the bill for the implementation of the UBO register.<\/em><\/p>\n<p><em>The intention was to have the UBO register enter into force on January 10<sup>th<\/sup>, 2020. This planned introduction will not be achieved. The bill is still being considered by the Senate and will be processed further on January 28<sup>th<\/sup>. The government wants the UBO register to start in the spring of 2020.<\/em><\/p>\n<\/div><\/div><\/div><\/div><div class=\"et_pb_row_1 et_pb_row et_block_row\"><div class=\"et_pb_column_1 et_pb_column et_pb_column_1_2 et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_image_0 et_pb_image et_pb_module et_block_module\"><span class=\"et_pb_image_wrap\"><img decoding=\"async\" src=\"https:\/\/www.everestnotariaat.com\/wp-content\/uploads\/2019\/04\/hacker-1952027_640.jpg\" \/><\/span><\/div><div class=\"et_pb_text_1 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module\"><div class=\"et_pb_text_inner\"><p>More than 1.5 million organizations have to deal with the UBO register in 2020. UBO stands for Ultimate Beneficial Owner (the ultimate stakeholder of an organization). An UBO is the ultimate owner of an organization or those who have the control of an organization. More specific you qualify as an UBO if you hold more than 25% of the shares in a private company, or if people who have a direct or indirect interest in a general partnership or partnership for more than 25%. Companies and legal entities will be obliged in 2020 to register their (in)direct owners in the UBO register.<\/p>\n<\/div><\/div><\/div><div class=\"et_pb_column_2 et_pb_column et_pb_column_1_2 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_text_2 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module\"><div class=\"et_pb_text_inner\"><p>The UBO register will be kept by the Chamber of Commerce. Companies and legal entities that were established prior to the introduction of the UBO register must register a UBO with the Chamber of Commerce within 18 months after the introduction of the UBO register. Companies and legal entities that are established on or after the introduction of the UBO register must register a UBO within 8 days at the Chamber of Commerce. The management of the relevant entity is responsible for the implementation of the aforementioned.<\/p>\n<\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>The intention was to have the UBO register enter into force on January 10th, 2020. The bill is still being considered by the Senate and will be processed further on January 28th. The government wants the UBO register to start in spring of 2020.<\/p>\n","protected":false},"author":5,"featured_media":10376,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"slim_seo":{"title":"Implementation of UBO register postponed - Everest Notariaat","description":"The intention was to have the UBO register enter into force on January 10th, 2020. The bill is still being considered by the Senate and will be processed furthe"},"footnotes":""},"categories":[],"tags":[],"class_list":["post-7991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/everestnotariaat.com\/en\/wp-json\/wp\/v2\/posts\/7991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/everestnotariaat.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/everestnotariaat.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/everestnotariaat.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/everestnotariaat.com\/en\/wp-json\/wp\/v2\/comments?post=7991"}],"version-history":[{"count":0,"href":"https:\/\/everestnotariaat.com\/en\/wp-json\/wp\/v2\/posts\/7991\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/everestnotariaat.com\/en\/wp-json\/wp\/v2\/media\/10376"}],"wp:attachment":[{"href":"https:\/\/everestnotariaat.com\/en\/wp-json\/wp\/v2\/media?parent=7991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/everestnotariaat.com\/en\/wp-json\/wp\/v2\/categories?post=7991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/everestnotariaat.com\/en\/wp-json\/wp\/v2\/tags?post=7991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}