Beneficial Ownership Guide for Austria Contents

17: a) the settlor/trustor(s); b) the trustee(s); c) the protector(s), if any; d) the beneficiaries, or - in the case that the individual persons who are the beneficiaries of the trust still need to be determined - the group of persons in whose interest the trust was established or operated (circle of beneficiaries); if persons belonging to this group receive benefits from the trust that exceed th. [...] The process for the formation and registration of different legal entities is describes on the websites of the Austrian Economic Chamber, business portal of the Federal Government and the HELP service of the Federal Government. [...] the Business Register), the system automatically detects if the conditions according to Article 6 BORA are met and if so, detects the nature 9 If the beneficial owner to be reported has a primary residence address in Austria, data on the place of birth, the nationality and the place of residence is automatically transferred from the Central Residence Register to the BO Register. [...] Under this system, the results of risk-based audits intended to identify the beneficial owners of the clients/customers of obliged entities are used to improve the quality of the data in the Register. [...] The BO Registry Authority, the Financial Intelligence Unit (Geldwäschemeldestelle) and the Directorate of State Security and Intelligence Service as well as the organizational units responsible for state security of the state police directorates, the authorities of the federal financial administration mentioned in § 49 BAO, the Federal Financial Court, the criminal police, the health insurance ins.