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DEFINITION

Operating Legal Entity (OLE)

An operating legal entity is a registered organization actively conducting business or operational activities. In Switzerland, operating entities are differentiated from domiciliary companies and the two are required to submit different AML documentation, with the former submitting form K and the latter form A.

Synonyms

Active company, operating business

Acronyms

OLE

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Synonyms

Active company, operating business

Acronyms

OLE

Examples

Atfinity actively provides services for clients, has a physical office and employees, and thus is considered an operating legal entity.

FAQ

An operating legal entity actively conducts business while holding or domiciliary companies are primarily used to manage investments and assets or for structural reasons.

A legal entity’s operational status is verified by looking at their financial statements, tax filings, and public business records.

AML frameworks such as the one in Switzerland makes a difference between operating and domiciliary companies when tackling beneficial ownership.

Related Terms

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