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Luxembourg RBE & RCS Registers Law Amendments (DEC 2024)
Luxembourg has updated its Register of Beneficial Owners (RBE) and Trade and Companies Register (RCS) laws, demanding greater accuracy and timeliness of company information. Increased penalties for non-compliance highlight the seriousness of these changes. The amendments improve data consistency between the RBE and RCS and enhance alignment with EU-wide transparency initiatives. This legal overhaul requires businesses to implement rigorous internal processes for maintaining accurate records and ensuring compliance. Judicial oversight has also been strengthened to enforce these new regulations.
Published on 1 year ago