Foreign legal entities Explanation to the financial monitoring questionnaire

Do you own a share in a foreign legal entity?

 

A share in a foreign legal entity means corporate rights, rights created without the status of a legal entity, the assets of which include a share in a legal entity, or any other similar rights and/or powers that give a natural or legal entity the right to:

• influence on the corresponding share of votes in the highest management body of a foreign legal entity (general meeting of shareholders, participants or other similar body), and/or
• to receive the corresponding part of the profit of a foreign legal entity, and/or
• blocking the decision on the distribution of part of the profit of a foreign legal entity, and/or
• to receive the corresponding part of the assets of a foreign legal entity in the event of its liquidation or termination;

A person is considered to exercise actual control over a legal entity, if such a person has the opportunity to exert a significant or decisive influence on the decisions of such a legal entity regarding the conclusion of agreements, disposal of assets and profits, termination of activity, regardless of the legal form of such influence.