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Search result based on key: Belgian legislation
Belgian implementation of the ruling of the European Court of Justice on public access to UBO register
The UBO register is a centralized database used to prevent money laundering, terrorist financing, and related criminal activities by tracking the natural persons who ultimately control companies and other legal entities. In the past, public access to certain UBO data was allowed, but the European Court of Justice ruled that such access was invalid. The Belgian legislator subsequently made legislative changes that restrict public access to the UBO register to those who can demonstrate a legitimate interest related to fighting money laundering and related criminal activities. This text provides details on the legislative changes and the conditions that qualify as a legitimate interest for access to the UBO register.
The Brussels-Capital Region is gearing up for the installation of charging points in car parks
The Brussels-Capital Region government issued a decree on 29 September 2022 to ensure sufficient charging points for all electric cars in the capital.
A new year, a refined information duty for the flood sensitivity of real estate in the Flemish Region
The Flemish government amends the information duty for the flood sensitivity of real estate in the Flemish Region.
European Court of Justice on the UBO-register
The Belgian Federal Public Service Finance issues a communication announcing a temporary suspension of general public access to UBO information.
Governance structure of a public limited liability company (NV/SA)
With the new Belgian Company Code the composition of the NV board is more flexible with the creation of 3 governance regimes: monistic governance, sole director and dual governance.
Reduction in the number of company forms
In light of the simplification of the corporate landscape, the Belgian Company Code (BCC) introduces a drastic reduction in the number of different company forms.
The limited liability company without capital
The key feature of the Belgian Company Code (BCC) is undoubtedly the simplification and flexibilization of the private limited liability company.
What has changed and who is impacted?
The Belgian corporate landscape is about to get revamped with changes set to impact the legal, tax and accounting aspects of all Belgian legal entities.