Ownership transparency: summary of country ratings

European Parliament
The European Parliament is advocating for public registers of beneficial owners of companies, as well as all trusts and similar legal structures in the EU.
European Commission
In response to the Panama Papers scandal, the European Commission launched a proposal to introduce public registers of beneficial owners of companies and some (but not all) trusts in the EU.
Austria
Austria does not have a public register of beneficial owners of companies.
Belgium
Belgium does not have a public register of beneficial owners of companies.
Czech Republic
The Czech Republic does not have a public register of beneficial owners of companies.
Denmark
Denmark has adopted a law which introduces a public register of beneficial owners of both companies and other legal structures.
Finland
Finland has adopted a law which introduces a public register of beneficial owners of both companies and other legal structures.
Germany
Germany does not have a public register of beneficial owners.
Hungary
Hungary does not have a public register of beneficial owners of companies.
Ireland
Ireland does not have a central register of beneficial owners.
Italy
Italy does not have a public register of beneficial owners.
Latvia
Latvia has adopted a law which introduces a public register of beneficial owners.
Luxembourg
Luxembourg does not have a central register of beneficial owners.
The Netherlands
The Netherlands does not have a public register of beneficial owners. Work is in progress to introduce a beneficial ownership register, which would be public. However, the current proposal contains restrictions on public access which could make the register difficult to use.
Norway
Norway does not have a public register of beneficial owners.
Poland
Poland does not have a public register of beneficial owners. However, a legislative proposal, which would introduce a public register in Poland, has been put forward by the government.
Slovenia
Slovenia has adopted a law which introduces a public register of beneficial owners of both companies and other legal structures.
Spain
The Spanish government has spoken strongly in favour of public registers of beneficial owners. However, Spain has not yet introduced a public register of its own.
Sweden
Sweden has adopted a law that introduces a public register of beneficial owners in Sweden.
United Kingdom
The UK has been a true frontrunner by creating a public register for beneficial owners of companies, and the register is up and running. However, the UK is opposing public registers for trusts, and has not used the powers it has available to increase transparency in its overseas territories.

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