For entrepreneurs

In which cases should the beneficial owner be indicated?

The disclosure of the beneficial owner is mandatory for OG, KG, EG, GmbH, GmbH & Co KG, GesnbR, cooperatives, unlisted AG, associations and foundations.

Why is it necessary to specify the beneficial owner?

As a bank, we are bound by the provisions of the Financial Market Money Laundering Act (FM-GwG) and the Economic Owners Register Act (WiEReG). Due to the due diligence obligations contained in the law (Section 6 (3) (2) FM-GwG), we are obliged to request our customers and disclose the identity of his or her beneficial owner(s). You as a customer must confirm this information to us in writing and with appropriate evidence.

Why do I need to fill out the self-disclosure form?

Legislation requires us as a bank to provide our customers with written confirmation of the beneficial owner - information from the company register is not sufficient in this respect.

What happens if I do not provide information about the beneficial owner?

This will delay the processing of your application, as we are not allowed to create a contract without this information.

What is the difference between a civil law owner and a beneficial owner?

Control rights are not taken into account when determining the civil law owner, but they are taken into account when determining the beneficial owner.

What is meant by voting rights?

This refers to the authority of a member of a company to participate in the formation of the company's will by means of resolutions. As a rule, voting rights are exercised at the shareholders' meeting or annual general meeting.

What are control rights?

Through control rights, corporate policy can be influenced and decisions in the company can be co-determined.

Do all beneficial owners need to be named or only those with more than 25% ownership/control?

All beneficial owners must be named. Also those with less than 25% shareholding if they achieve more than 25% influence by exercising their control rights/voting rights. The control rights/voting rights result from the shareholders' agreement and cannot be determined by us, as we are not familiar with it.

How must the self-disclosure be filled in?

With the exact legitimation data including the control rights/voting rights. If necessary, the information must be confirmed with appropriate documents (e.g. foreign company register excerpt, excerpt on shareholders from a share register, supplementary foundation documents, etc.).

What to do if there is no beneficial owner with more than 25% shareholding/control rights?

In the case of ownerless companies, the natural persons who belong to the top management level of the company (e.g. managing director, board of directors, etc.) are deemed to be the beneficial owners in accordance with Sec. 2 (1) cc) WiEReG.

In this case, please complete the self-disclosure accordingly and return it to Porsche Bank signed by the company.

How do I know what mileage and run time is appropriate for me?

Your driving habits and needs are assessed in a detailed consultation. Based on this, your sales consultant will draw up a financing and insurance offer tailored to your requirements.

What is behind the motto "Everything from a single source"?

At your car dealer, you will not only receive all the information about the car you want, but also a financing and insurance offer tailored to your needs. Even when it comes to handling accident damage, you only need one point of contact - your car salesman. That saves time and unnecessary trips.