Protect the privacy of your family business with optimal structuring
Striking a balance between transparency and privacy
As owner of a family business, it’s only natural that you’re transparent toward the tax authorities. The Dutch tax authorities must always have access to your financial data. However, you want to protect your family capital from the outside world. As a result of recent measures such as the UBO (Ultimate Beneficial Owner) register and the abundance of information on internet, the likelihood that your financial data will be made public is greater than ever before.
What is the UBO register?
The UBO register is a European measure requiring businesses to disclose information about their ultimate beneficial owners. The register is intended to increase financial transparency and combat money laundering and fraud. However, this can create a challenge for family businesses when it comes to protecting the privacy of their owners.
Adopting a structure to ensure privacy
Meijburg’s advisors are keen to advise you on how to structure the assets of your family business in such a way that this remains a family secret. Each solution has its pros and cons, and we will help you to carefully weigh these against one another. Together with you, we will create the best structure to suit your family business. Our civil-law notaries will ensure that the implementation of this structure runs smoothly.
Need tax advice about privacy & UBOs?
Would you like tax or legal advice about the privacy of your family business? Our specialists would be happy to discuss with you how best to structure your assets. Feel free to contact one of our specialists for more information and advice. They’re ready to help you.
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How can I protect the privacy of my family business?
You can protect the privacy of a family business by strategically structuring the assets so that sensitive information is not easily accessible to the public. Engaging tax and legal advisors can help here.
Which measures can I take so that I comply with the UBO registration requirements?
To comply with the UBO registration requirements, you must ensure that all ultimate beneficial owners are correctly identified and registered in the UBO register. We recommend obtaining advice from a specialist so that you can be confident that you are compliant with all legal obligations.
