Non-profit associations and Foundations
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Declaration formalism | |
Frequently asked questions (FAQ) |
Non-profit association
The ASBL are subject to the law of 13 January 2019 creating a register of beneficial owners. They must therefore determine who their beneficial owner (s) is/are and have to declare him/them in the register of beneficial owners. To complete this declaration, a form must be completed with the information required by law. In most cases, members of the Board of Directors are to be registered with ASBL.
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Circular LBR 19/02 : The application of the provisions relating to the Register of Beneficial Owners to the non-profit associations (ASBL) |
Foundation
The foundations under Luxembourg law, under the Law of 21 April 1928 on non-profit associations and foundations, are subject to the law of 13 January 2019 establishing a register of beneficial owners. They must therefore determine who their beneficial owners are, namely their founder and the members of the board of directors and must declare them in the register of beneficial owners. For this purpose, a form must be completed with the legally required information.