The Ultimate Beneficial Owner (UBO) is the individual who ultimately owns or controls a company, even if the ownership is held indirectly through other entities.
In Luxembourg, UBO disclosure is mandatory for all registered companies, as it enhances transparency and combats financial crimes. Regulations require companies to accurately report UBO information to authorities, ensuring that all stakeholders can identify the true ownership structure. This measure builds trust in the Luxembourg financial system and aligns with EU anti-fraud directives.