23 May 2018
Corporate and other legal entities incorporated or managed in Austria must register their “ultimate beneficial owners” with a newly established Austrian ultimate beneficial owner registry no later than 1 June 2018.
According to the ultimate beneficial owner registry law (Wirtschaftliche Eigentümer Registergesetz (WiEReG)), entities including foundations, trusts, and trust-like arrangements:
The deadline for initial registration is 1 June 2018. Newly established corporations must register their ultimate beneficial owners within four weeks of incorporation. If there are changes, the registration must be amended within four weeks.
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Read a May 2018 report [PDF 323 KB] prepared by the KPMG member firm in Austria
Other items briefly described in this KPMG report concern:
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