Privacy in EU/EEA company accounts
- Thread starter requser
- Start date
- Status
All jurisdictions across EU/EEA have a requirement for transparency which can be restricted with legitimate or paid access privilege. Liechenstein as EFTA member is probably the only jurisdiction that does not publish company accounts and sheets. But, a strict answer to your question is Monaco.
You are welcome.
As previously
From due diligence experience, the access to any EU company's financial information will depend on company type and its statutory obligations beside probable fee for detailed information from respective registry.
To the best of my knowledge, only LI and MC respect financial and UBO privacy - there you depend on actual people for any quality information.
Thus, you should︀ consider EU financial information privacy in context of AMLDs. At best, obsurity exist that can︁ be overcomed by paying an access fee to appropriate registry.
Slightly different is access to︂ UBO registries after Court of justice of the EU ruled against AMLD5 which restricted access︃ to information about beneficial ownership.
By definition, UBO information is more sensitive then information related︄ to accounts and statements, so the latter will probably be available to any interested party︅ w/ or w/o paid fee where the former will require a proof of legitimate interest︆ and paid fee.
As previously
From due diligence experience, the access to any EU company's financial information will depend on company type and its statutory obligations beside probable fee for detailed information from respective registry.
To the best of my knowledge, only LI and MC respect financial and UBO privacy - there you depend on actual people for any quality information.
Thus, you should︀ consider EU financial information privacy in context of AMLDs. At best, obsurity exist that can︁ be overcomed by paying an access fee to appropriate registry.
Slightly different is access to︂ UBO registries after Court of justice of the EU ruled against AMLD5 which restricted access︃ to information about beneficial ownership.
By definition, UBO information is more sensitive then information related︄ to accounts and statements, so the latter will probably be available to any interested party︅ w/ or w/o paid fee where the former will require a proof of legitimate interest︆ and paid fee.
You can pull financial statements for any company in the EU. That's the great thing about the EU – everything has to be transparent so everyone can see what you're doing, and this includes tax authorities across the EU.
You can forget about hidden financial statements and anonymity as long as you have a company in the EU. There are certain exceptions discussed in Mentor Group Gold, but that's a different conversation.
What is it that makes you not want others to see your financial statements?
You can forget about hidden financial statements and anonymity as long as you have a company in the EU. There are certain exceptions discussed in Mentor Group Gold, but that's a different conversation.
What is it that makes you not want others to see your financial statements?
You can never avoid that the UBO, etc., is visible or that the company's financial statements can be retrieved from some register. However, you can structure your setup in a way that makes it very difficult for others to link it to you personally. @bubbledouble is right about that; it's a different discussion that you should look into in the mentor group.
- Status