What does beneficial ownership under the Transparency Act target?
Antwort
Control over the company. A person is a beneficial owner if they control the legal entity with at least 25 percent of the capital or the votes, or control it in another manner (Art. 4 para. 1 LETA). Form A, by contrast, targets the beneficial owners of the assets held in the account in the case of a domiciliary company.
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Is the Communication Generator free to use?
Yes. The Communication Generator is free to use.
Does every shareholder or member qualify as a beneficial owner?
No. The fact that a company requests information from a shareholder or member does not automatically mean that this person is a beneficial owner. Indirect structures, acting in concert and other means of control may also be relevant.
Does the Communication Generator identify the beneficial owners?
No. The generator supports communication and information gathering. The actual assessment of who qualifies as a beneficial owner and who must be reported to the transparency register takes place afterwards. Konsento’s Transparency Register Reporting Assistant can be used for this assessment.