A register of beneficiaries has been introduced in Liechtenstein

12.08.2019 Since August 1st, 2019, the Law on the Beneficiary Register entered into force in the Kingdom of Liechtenstein.
Now legal entities are required to provide with information about their beneficiaries to the Ministry of Justice of Liechtenstein.
The provided information must contain:

• Company name;
• Company registration number;
• The legal form of the company;
• Name and date of birth of the beneficiary;
• Beneficiary registration address.

The registry will be non-public. Data will be opened only to authorities.
Third parties will also be able to familiarize themselves with the Register, but solely on the basis of a special application.
For non-presentation or late delivery of information about the beneficiaries of the company administrative penalties are provided in the form of fines.
Beneficiary data must be provided within 6 months from the date of entry into force of the law.