The UBO register is a register in which all “Ultimate Beneficial Owners” or “beneficial owners” of a company or another legal entity are registered. You can register your beneficial owners by logging into the application on the MyMinfin portal.
The law of September 18th 2017 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing and limitations to the use of cash (called thereafter “the Law”) introduces in Belgium the establishment of a register of beneficial owners (the English acronym “UBO” stands for “Ultimate Beneficial Owner”) (called thereafter “The UBO register”).
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how to register in the ubo-register?
Register in the UBO Register to comply with the law in just a few steps.
News
Access for persons without a Belgian authentication methodPersons without a Belgian authentication method (eID, Itsme, TOTP) can access the UBO register via the ForREG (Foreign Registration) application. In orde to access the application, follow the steps on the FORREG page. |
NEARLY 21,000 SHELL COMPANIES AND ASSOCIATIONS STRUCK OFF THE CROSSROADS BANK FOR ENTREPRISES - 30.01.2024Nearly 21,000 shell or dormant entities have been struck off the Crossroads Bank for Entreprises, due to non-compliance with their legal obligations relating to the UBO register. The aim of this initiative is to step up the fight against dormant or shell entities and to encourage entities being late to register their beneficial owners. These striking offs are the result of the amendment to the Code on Economic Law by the Law of 5 November 2023 containing various provisions regarding Economy, which came into force on 21 December 2023. There are three grounds for automatically striking off companies and associations that do not fulfil their obligations regarding the UBO register:
The striking offs, although purely administrative, are not without consequences. The entities concerned may continue to exist as a legal entity, but their operations and relations with third parties, particularly banks, may be limited or even completely interrupted. |
MAXIMUM 5 UBO MANDATES PER ENTERPRISE- 10/01/2024Henceforth, a legal representative can assign up to five UBO mandates to third parties. This implies that the mandator can concurrently assign mandates to five different mandatees to access or input information in the UBO register. |
PUBLICATION OF THE KEY FIGURES OF THE UBO REGISTER - 15/12/2023Do you have a question about the key figures? |
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