4 ms·
Business registries are no longer open, as there was a court case in Luxenbourg where one of Putin's fixers lobbied to get his private information closed. Ulti
by miohtama 2y ago
Business registries are no longer open, as there was a court case in Luxenbourg where one of Putin's fixers lobbied to get his private information closed.
Ultimate Beneficiar Ownership information can be only accessed by authorities.
- Etheryte 2y agoWell, I don't know about you, but I can see the beneficiaries in the above example just fine, and last I checked I was not part of an authority.
- MichaelZuo 2y agoWhen I search for ‘Toyota’, none of the results list the ultimate beneficiary owners. e.g. ‘ Toyota Baltic Aktsiaselts (10234087)’ lists 1 senior manager under ‘Beneficial owners’… which is clearly nonsense. He probably doesn’t even own 50% of the intermediary company registered in Estonia… let alone 100%. Edit: And ‘SIA Toyota Material Handling Baltic Eesti filiaal (11629379)’ doesn’t list anyone at all in that section.
- bydo 2y agoToyota is your example of an EU company?
- djbusby 2y agoCompanies have to have at least some minimum registration where they conduct enough business.
- MichaelZuo 2y agoToyota Baltic Aktsiaselts is an EU company and it has a fake ‘beneficial owner’. But clearly some entity, or series of entities, must actually own it. So it is an example of the information in at least one section being completely unreliable, with not even an attempt of an ‘owned by non-eu parent company’ disclaimer explaining why it’s fine to list a random senior manager as something that he’s clearly not…