Beneficial Ownership Guide for France Contents

561-2-2, the natural person or persons who meet one of the following conditions: 3 1° They hold, directly or indirectly, more than 25% of the capital of the legal person; 2° They are entitled, by virtue of a legal act designating them for this purpose, to hold, directly or indirectly, more than 25% of the capital of the legal person; 3° They have the power to appoint or dismiss the majority of the. [...] 561-3-0 of the CMF defines the beneficial owner of a trust, or any other comparable arrangement of foreign law as follows: When the client is acting within the framework of a trust within the meaning of Article 2011 of the Civil Code or any other comparable legal arrangement governed by foreign law, a beneficial owner, within the meaning of 1° of Article L. [...] 6 months.11 The registrars of associations check that the file is formally complete and consistent but do not verify the accuracy any of the information provided at the time of registration or during the existence of the association. [...] The information collected in the RCS is as follows (art 561-56 of the CMF): 1° In the case of the company or legal entity, its name or corporate name, its legal form, the address of its registered office and, where applicable, its unique identification number followed by the words RCS followed by the name of the town where the registry office where it is registered is located; 2° With respect to t. [...] Fiduciaries are required to ensure that the information provided to the tax authorities remain accurate and up-to-date.14 The beneficial ownership information of a fiducie is obtained through the registration process, which requires the disclosure of the names and addresses of the constituant, the fiduciary, and the beneficiary or beneficiaries.