LexGo

Registration of individuals with the Luxembourg trade and companies register
29/11/2021

On 1 October 2021, the Luxembourg Business Register informed that any natural person to be registered with the Luxembourg trade and companies register (“RCS”) in any capacity whatsoever (manager, director, shareholder, partner, auditor, authorised representative, etc.) will have to communicate their Luxembourg national identification number (“LNIN”). This requirement will apply to all individuals residing in Luxembourg or abroad.

For the individuals who already have an LNIN, this number will have to be communicated and recorded during the filing process relating to the legal entities which these individuals are linked to. For individuals who do not have an LNIN, a request to the RCS to obtain an LNIN number for natural persons will have to be made by the person in charge of the filing process relating to the legal entities which these individuals are linked to. Information relating to the nationality, gender and place of residence will have to be communicated to the RCS for the LNIN application.

The LNIN issued by the RCS for a natural person not residing in Luxembourg will be for the sole purpose of creating the number of this natural person in the National Register of Natural Persons, without creating any obligations pursuant to this LNIN attribution, and this LNIN (as well as information communicated which supported the LNIN request) will not be registered with the RCS nor be public.

The Luxembourg Business Register indicated that this new requirement will start applying at the end of the first quarter of 2022 for all natural persons to be registered with the RCS and those already registered with the RCS.

From a practical perspective, LNINs shall be requested from the RCS as soon as possible for all natural persons already recorded in the RCS because of their mandate or shareholding relationship with a legal entity and they will have to comply as from the date when this LNIN requirement becomes compulsory. As from this date, which is to be precisely indicated, a filing procedure (recording or update) for a legal entity will not be possible if the natural persons related to that company have not communicated their LNINs, which would potentially not be without any operational impacts for the company.

We are available at [email protected] to help you comply with this new requirement.

Zie ook : Atoz Luxembourg ( Mr. Gaël Toutain )

[+ http://www.atoz.lu]

Mr. Gaël Toutain Mr. Gaël Toutain
Partner
[email protected]

Alle artikels Handelspraktijkenrecht

Laatste artikels Handelspraktijkenrecht

Accepted invoice principle (“principe de la facture acceptée”) – Application to lawyers’...
04/07/2022

While lawyers may exercise their activity by forming a commercial company, such law firm admitted to the Luxembourg Bar is...

Read more

Prohibition of online advertising in a list of e-mails or messages – a misstep by the CJEU?
26/11/2021

When submitted a request for a preliminary ruling, the Court of Justice of the European Union (CJEU) is expect to answer q...

Prohibition of online advertising in a list of e-mails or messages – a misstep by the CJEU? Read more

Consumer law class action
27/10/2020

Bill of law 7650 (“Bill ”), which was recently presented by the Government, aims to introduce a class act...

Consumer law class action Read more

Restructuring and Corporate Recovery measures in Luxembourg – April 2020
21/04/2020

Luxembourg went into full Coronavirus lockdown on March 16. By the ministerial decree of 16 March 2020, the State narrowed...

Read more

Laatste artikels van Mr. Gaël Toutain

Luxembourg to introduce a national mechanism for the screening of foreign direct investments
22/12/2021

Luxembourg intends to introduce a national mechanism for the ex-ante screening of each foreign direct investment (“F...

Read more

Luxembourg law implementing a central register of beneficial owners of Luxembourg fiduciary arran...
20/07/2020

On 13 July 2020, the law implementing a central register of beneficial owners of Luxembourg fiduciary arrangements (the &l...

Read more

Luxembourg law implementing remaining aspects of Directive EU 2018/843 (“AMLD V”) adopted
25/03/2020

On 21 March 2020, the Luxembourg Parliament adopted the law implementing the remaining aspects of the 5th Anti-Money Laund...

Read more

New transparency rules in Luxembourg
29/11/2019

New transparency rules in Luxembourg: identification of the beneficial ownership of trusts, fiducies and of similar ...

Read more

LexGO Network