Citizenship by naturalization
A person legally residing in Cyprus may apply for Cypriot citizenship. The key criteria are: Complete at least 7 years for legal residence in Cyprus. The applicant must have resided...
Cyprus citizenship by marriage.
The spouse of a Cypriot national may, under certain conditions apply for citizenship. The key criteria are: The applicant must be married to a Cypriot for at least 3 years....
How to set up an NGO in Cyprus.
What is a non governmental organization (NGO) The term non governmental organization, in short NGO, is not defined anywhere, but it typically refers to a voluntary group or institution with...
Deadline to register to the UBO Registry extented to 31/07/2022
Further to previous posts about the obligation of companies to register their ultimate beneficial owners to the UBO Register of the Registrar of Companies in Cyprus, please note that the...
Annual governement levy for 2021- Extension for payment till 31st March 2022
The Registrar of Companies anounced on 21/12/2021 that the deadline for the payment of the annual levy for the year 2021 is extented till the 31st of March 2022. Note...
What is the annual government levy.
Updated 09/03/2022 Every Cyprus incorporated company is obliged to pay a yearly annual fee to the government; this is called the Annual Levy. The Annual Levy is €350 for every...
What is the fine for failure to register with the UBO Registry?
Following the publication of the Directive on the register of beneficial owners of corporate and other legal entities (R.A.A. 112/2021), Cyprus companies have an obligation to register their ultimate beneficial owners...
Simple guide to Trusts.
A Trust is a private agreement between two or more individuals with which a person transfers his assets to another person who undertakes to hold them and manage them for...
The operation of the Ultimate Beneficial Owners Registry for Cypriot Companies.
According to the provisions of new Cyprus legislation adopted in 2021 concerning money laundering, all Cypriot companies are obliged to register the details of their beneficial owners in an electronic...
Who will have access to the Registry of Ultimate Beneficial Owners in Cyprus?
The release of the information added on the UBO Registry in Cyprus is divided to two phases: Phase 1. During the first 12-month reporting period, i.e., starting from 12.03.2021...
