Register of beneficial owners

Due to the European Anti Money Laudering Directive Austria implemented – besides many other actions – a register of beneficial owners of Austrian legal entities.

Reporting obligation

Each legal entity is obliged to report its beneficial owners until June 1st, 2018 if the following conditions are fulfilled:

if one or more natural persons own or control:

  • directly an equity share of more than 25% per beneficial owner; or
  • indirectly, also via a trust or a fiduciary agreement (more than 25% each); or

if nobody was identified according the above conditions: legal representatives of the entity

if a foundation or a trust is the top level parent entity:

  • founder/trustor
  • beneficiary
  • trustee/top management

Exemption from the reporting obligation: If all (personally liable) shareholders of a partnership (OG or KG) or a limited liability company (GmbH) are recorded in the register of companies, they will be registered in the new register of beneficial owners automatically ex officio.

Cooperatives, insurance companies and associations: These entities have no owners. Their legal representatives are already recorded in the relevant existing registries. In those cases, a report is only obligatory, if the data from the existing registers are incomplete (e.g. control shift due to syndicate contracts).

Note: If your corporation is subject to the reporting obligation, we can support you within the scope of our power of representation.

Queries (Research in the new register of beneficial owners)

Everybody may request information from the new register, but every request must be applied for in writing stating a legitimate interest and an explanation, how the requested data contribute to achieve the objectives (e.g. obligation of the requesting party to identify the ultimate beneficial owner on the basis of anti money laundering  regulations).

Requests from the following privileged parties are explicitly regulated:

  • banks
  • lawyers/Notary Publics
  • auditors/tax advisors
  • accountants
  • management consultants
  • real estate and insurance brokers
  • Bundesfinanzierungsagentur (Federal Financing Agency)

Authorities (only in the exercise of due diligence)

for supervision purposes:

  • FMA (Financial Markets Authority)
  • BMF (Ministry of Finance)
  • Rechtsanwalts-/Notariatskammer (chamber of lawyers, chamber of Notary Publics)
  • Kammer der Steuerberater und Wirtschaftsprüfer (chamber of tax advisors and auditors)
  • WKO (chamber of commerce)
  • Abgabenbehörden und das BFG (financial authorities and federal fiscal court)
  • OeNB (national bank)

for prosecution: 

  • Bezirksverwaltungsbehörde (District administrative authority)
  • Strafverfolgungsbehörden wie Staatsanwalt, BFG: Law enforcement authorities such as prosecutor, federal fiscal court
  • BMI, Polizei (Ministry of Interior, Police)

These parties may request data and file requests to change data in a less formal way, but their requests will be closely monitored: Requests as well as changes to the entries in the register will be logged to verify compliance with the provisions of the Act on the register of beneficial owners and data protection regulations.

Data to be reported to the new register:

First name and Surname; Birth date and place of birth; citizenship; place of residence in Austria, if none: number and type of ID;

additionally for indirect beneficial owners: registration number of the top parent entity from the relevant register (foreign entities also name, legal seat, type of entity) and the quota of shareholding, unless the shares are held indirectly through foundations or trusts that are registered themselves.


“Knowledgeable, transparent, concise with an ability to communicate complex tax and financial issues clearly are a few of the factors that make Michael Dessulemoustier-Bovekercke an exceptional advisor. Having first been introduced to him whilst going through a demerger in our law-firm, Michael has not only helped resolve that issue but over a period of approximately 10 years has also provided invaluable guidance in financial planning which has helped us achieve a level of financial security being the basis for our long-lasting success in the market.”

Nikolaus Vavrovsky
Vavrovsky Heine Marth Rechtsanwälte


„Als Unternehmer brauche ich verlässliche Partner, mit denen ich auf Augenhöhe kommunizieren und auf deren Rat ich mich verlassen kann. Moore Stephens City Treuhand bietet mir diese Sicherheit und persönliche Betreuung seit vielen Jahren.“

Heinz Nusser
Nusser & Partner GmbH


„LiSEC vertraut seit 2012 auf die hohen Qualitätsstandards von Moore Stephens im Bereich der Jahresabschlussprüfung. Wir schätzen dabei vor allem die hohe fachspezifische Expertise im Bereich des internationalen Anlagenbaus. Darüber hinaus unterstützt Moore Stephens uns unsere Prozesse weiter zu verbessern.“

Othmar Sailer
Lisec Holding GmbH


"MSCT Wien ist langjähriger Partner im Bereich der Förderprüfung an der BOKU. Auch im neuen H2020 setzt die BOKU auf MSCT als FLC Prüfer, deren fundiertes Know-How eine hohe Validität in SLC Prüfungen begründet. Auch abseits von vorgeschriebenen Prüfungshandlungen auditiert MSCT upon-demand an der BOKU seit Jahren die Gemeinkostenrechnung entlang eines zertifizierten Prüfpfades."

Michael Hein


"An der Zusammenarbeit mit MSCT schätzen wir, im Projektcontrolling und –support an der TU Wien, die sehr zielorientierte Herangehensweise an unsere Problemstellungen, die generelle Zuverlässigkeit in der Zusammenarbeit und die hohe fachliche Kompetenz der Mitarbeiter.“

Eldina Halvadzija
TU Wien


„Moore Stephens City Treuhand ist seit vielen Jahren ein verlässlicher Partner in allen Bereichen der Steuerberatung und Wirtschaftsprüfung für unsere Unternehmensgruppe. Die partnerschaftliche Zusammenarbeit, die Top-Qualifikation der Mitarbeiter  und die außerordentlich hohe Lösungsorientierung unserer Ansprechpartner  bilden für uns die Basis der langfristigen Zusammenarbeit mit Moore Stephens City Treuhand. Wir fühlen uns in der komplexen Welt der Steuer- und Prüfungsthemen exzellent bei unserem Partner aufgehoben und betreut." 

Wolfgang Wahlmüller