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Due diligence duties of the Austrian UBO Act require legal entities to not only perform initial registration, but also annual verification and storage of appropriate documentation for at least 5 years after end of ultimate beneficial ownership. Let us handle that for you:

The Austrian UBO Act stipulates that all concerned legal entities must register their ultimate beneficial owners in the UBO register by 1.6.2018 (prolonged until 15.8.2018) at the latest. If this is not done, the financial administration will automatically initiate fiscal proceedings. In order to avoid this, we can help you as follows:

  • Determining the ultimate beneficial owners (UBOs) of your legal entity according to Austrian law;
  • Initial registration of the ultimate beneficial owners of your legal entity; and
  • Transmission of the registration copy as well as transmission of an excerpt from the UBO register to you,

Costs:

  • Flat Fee of EUR 390.00 plus 20% VAT;
  • In the event of foreseeable extraordinary efforts (e.g. complex corporate structure, private foundation with a large number of beneficiaries), a separate cost estimate based on an hourly rate of EUR 250.00 plus 20% VAT will be applied

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    In the event of a change, addition or removal of an ultimate beneficial owner of your legal entity, a notification must be sent to the UBO register within 4 weeks. Let us take care of that for you:

    • Updating your UBO register entry within 2 weeks after your notification
    • Transmission of an excerpt from the UBO register that reflects the change in ultimate beneficial ownership

    Costs:

    • change (change / addition / elimination) of up to three ultimate beneficial owners: EUR 150.00 (plus 20% VAT ) per ultimate beneficial owner;
    • change (change / addition / elimination) of more than three ultimate beneficial owners: EUR 100.00 (plus 20% VAT ) per ultimate beneficial owner;
    • In the event of foreseeable extraordinary efforts (e.g. complex corporate structure, private foundation with a large number of beneficiaries), a separate cost estimate based on an hourly rate of EUR 250.00 plus 20% VAT will be applied.

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    All-round care package (1 year)

    Take care of what you can do best: your job! We do not only handle initial registration but also annual verification of your register entry as well as all necessary documentation in context of the Austrian UBO Act. Our range of services includes:

    • Determining the ultimate beneficial owner of your legal entity according to Austrian law,
    • Initial registration of the ultimate beneficial owners of your legal entity,
    • Transmission of a registration copy as well as transmission of an excerpt from the UBO register to you,
    • Performing the necessary annual verification of your register entry for the first year,
    • Preparing the necessary documentation for initial registration as well as for annual verification,
    • Single change of your UBO entry for a duration of one year with up to five changes of ultimate beneficial owners within 2 weeks after your notification (additional changes are possible for a further fee),
    • Single deletion of a notification (additional deletions are possible for a further fee),
    • Communication and correspondence with the Registration Authority on your behalf upon necessity,
    • Transmission of forgery-proof documentation of annual verification,

    Costs:

    • EUR 890.00 plus 20% VAT;
    • In the event of foreseeable extraordinary efforts (e.g. complex corporate structure, private foundation with a large number of beneficiaries), a separate cost estimate will have to be prepared in order to render you carefree.

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    All-round care package Plus (3 years)

    Take care of what you can do best: your job! We do not only handle initial registration but also annual verification of your register entry as well as all necessary documentation in context of the Austrian UBO Act. Our range of services includes:

    • Determining the ultimate beneficial owner according to Austrian law of your legal entity,
    • Initial registration of the ultimate beneficial owners of your legal entity,
    • Transmission of a registration copy as well as transmission of an excerpt from the UBO register to you,
    • Performing the necessary annual verification of your register entry for three years including the year of initial registration
    • Preparing compliant documentation for initial registration as well as for annual verification for three years including the year of initial registration
    • Three changes of your UBO entry with up to five changes of ultimate beneficial owners within 2 weeks after your notification (additional changes are possible for a further fee) within the three year period
    • Three deletions of notifications (additional deletions are possible for a further fee) within the three year period
    • Communication and correspondence with the Registration Authority on your behalf upon necessity
    • Transmission of forgery-proof documentation of annual verification to you

    Costs:

    • EUR 2190.00 plus 20% VAT;
    • In the event of foreseeable extraordinary efforts (e.g. complex corporate structure, private foundation with a large number of beneficiaries), a separate cost estimate will have to be prepared in order to render you carefree.

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    Due diligence duties of the Austrian UBO Act require legal entities to not only perform initial registration, but also annual verification and storage of appropriate documentation for at least 5 years after end of ultimate beneficial ownership. Let us handle that for you:

    • Performing annual verification according to the Austrian UBO Act
    • Preparing compliant documentation for initial registration as well as for annual verification
    • Transmission of forgery-proof documentation of annual verification to you

    Costs:

    • EUR 490.00 (plus 20 % VAT) per year based on an open-ended contract that can be terminated at any time;
    • In the event of foreseeable extraordinary efforts (e.g. complex corporate structure, private foundation with a large number of beneficiaries), a separate cost estimate based on an hourly rate of EUR 250.00 plus 20% VAT will be applied.

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    Your UBO register entry carries an annotation? We are here to help and can remedy this situation together with you and a achieve deletion of the notification, so that an extended register excerpt can be used by professional service providers in order to verify the ultimate beneficial owner according to Austrian law of your entity. This is what we offer:

    • Raising the reason for the annotation;
    • Determination of the ultimate beneficial owners of your company upon necessity;
    • Carrying out all necessary correspondence and communication with the Registration Authority in order to remove the annotation;
    • Transmission of a register excerpt after deletion of the notification;

    Costs:

    • For initial registration/deletion/change of up to three ultimate beneficial owners: EUR 150.00 (plus 20 % VAT) per ultimate beneficial owner
    • For initial registration/deletion/change of more than three ultimate beneficial owners: EUR 100.00 (plus 20 % VAT) per ultimate beneficial owner
    • In the event of foreseeable extraordinary efforts (e.g. complex corporate structure, private foundation with a large number of beneficiaries), a separate cost estimate based on an hourly rate of EUR 250.00 plus 20% VAT will be applied

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    Do you have a problem in connection with the Austrian UBO Act which you don’t know how to solve? You need advice? We are happy to be there for you!

    Costs: Hourly rate of EUR 250.00 (plus 20 % VAT), with the quarter of an hour as the smallest unit for billing