In a vereniging (association), coöperatie (cooperative), or onderlinge waarborgmaatschappij (mutual insurance association), several interests may be at stake. These interests are described on this page. The interest a person has in your organisation determines whether or not they are a UBO.
Please note: check the list of interests below and start at number 1. Select the first interest that applies to the people in your organisation. You must then register the UBOs for that reason.
Who are the stakeholders in your organisation?
1. Persons who are entitled to over 25% of the capital
It is not common that a vereniging, coöperatie or onderlinge waarborgmaatschappij has members who are entitled to more than 25% of the organisation's money (assets). However, it may apply if your organisation has only 2 or 3 members. Then these members are entitled to the assets and must therefore register as UBOs.
Make a note of which percentage of the capital the UBO is entitled:
- over 25%, and less than or equal to 50%
- over 50%, and less than or equal to 75%
- over 75%, and less than or equal to 100%
2. Persons with over 25% of the voting rights
It is not common that people in a vereniging, coöperatie or onderlinge waarborgmaatschappij have more than 25% of the voting rights. However, it may apply if your organisation has only 2 or 3 members. Any person who individually holds more than 25% of the voting rights in an organisation when a decision is made to amend the articles of association must be registered as a UBO.
Make a note of the percentage of the UBOs’ voting rights:
- over 25%, and less than or equal to 50%
- over 50%, and less than or equal to 75%
- over 75%, and less than or equal to 100%
3. Persons with effective control through other means, who are not directors
Sometimes someone has a lot of influence in an organisation in a different way. This is also called de facto control. These people must be registered as UBOs. When preparing the UBO report, clearly state how this person influences the organisation.
Example of effective control
Political party G has a supporter, Z, who finances the party. Z does not have a formal role in the party, but plays a part as an external stakeholder. Supporter Z is an example of a UBO.
Do none of these interests apply? Then all of the directors of your organisation are UBOs
The board members are sometimes also referred to as senior managers or pseudo-UBOs. They must be registered as UBOs for the vereniging, coöperatie or onderlinge waarborgmaatschappij. These are all persons who are registered in the Business Register as statutory directors of the vereniging, coöperatie or onderlinge waarborgmaatschappij. You do not register them because they have a particular interest, but because they are directors.
Are there UBOs with more than 1 interest?
Then check the list of interests above and start at number 1. Choose the first interest that applies to the people in your organisation. You must then register the UBOs for that interest.
On to the next step?
This page is part of the UBO report preparation pages. If you want to start over, you can go back to the starting page.