STATUTORY REGISTRATION OF ”REAL” OWNERS OF DANISH LEGAL ENTITIES
Real owners are natural persons who ultimately, either directly or indirectly, own or control a “sufficient” part of a business, i.e. people who control a particular portion of the ownership interest or voting rights or who may exercise control by other means.
A sufficient portion of ownership interest or voting rights basically corresponds to the ownership of or control over approximately 25 per cent of the company, nominally or in terms of voting rights.
However, this percentage threshold merely serves as an indication of real ownership.
One can also be considered a real owner despite having ownership interest or voting rights of less than 25 per cent. For example, this may be the case if you own 15 per cent of the capital but, at the same time, have the right to appoint board members or enjoy veto rights.
A specific assessment must be made on a case by case basis. Companies are obligated procure information about the company owners, including their rights, and use the data to establish the identity of the real owners.
The aforementioned requirement enters into force today, on 23rd May 2017. The registration deadline is 1st December 2017.
A company which fails to register its real owners faces dissolution.
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