Dutch UBO-register adopted by the Senate
The bill for the UBO-register, which should have entered into force on January 10, 2020, has been adopted by the Senate on June 23, 2020.
After further investigation by the Senate, no objections have been found that further impede the adoption of the bill.
Although it is not yet officially known when the UBO-register will enter into force, it is expected to be in the fall of 2020. From then on, existing entities will have 18 months to register their UBO. Newly incorporated entities will have to immediately register their UBO at incorporation.
The registration of the UBO has no retroactive effect until the moment the law will enter into force. It should only be up-to-date from the moment of registration.