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...
What is the annual return?
What is the annual return? The Annual Return (also known as form HE32) is a statutory document that Cyprus companies must submit to the Company Registrar each year as provided...
Directive for the Beneficial Ownership Register of Express Trusts and Similar Legal Arrangements
Legal Update: 23/06/2021 The Cyprus Securities and Exchange Commission (“CySec”), being the competent independent authority for maintaining and operating the Trusts UBO Registry as required by the transposition of...
The Trusts UBO Registry.
The Cyprus Securities and Exchange Commission (“CySec”), issued the Directive that regulates the operation of the Trusts UBO Registry. The Directive was published on 18/06/2021. A concise summary of the...
The end of anonymity. Cyprus transposes into Law the Fifth Anti-money laundering Directive. (Directive 2018/843)
Introduction The Fifth Anti-Money Laundering Directive (5AMLD) came into effect on the 10th January 2020 and serves to address new issues that have been exposed since the Fourth Anti-Money Laundering...
UK nationals living in Cyprus. Residence rights after Brexit
The Withdrawal Agreement The EU has reached an agreement with the UK on citizens’ rights, ahead of the UK leaving on the 29/03/2019. The implementation of the Withdrawal Agreement, which...
Reminder about obligation to pay annual government levy for 2020.
This is a reminder to our clients that they need to pay the annual levy 2020 for their company up to 31 December 2020. Normally the annual levy is payable...
Sir Geoffrey Vos on Technology and the Law.
Does it make a difference to a judge when listening to oral argument live vis-à-vis via Zoom? Is the live legal submission by a lawyer more convincing to a judge?...
UK nationals living in Cyprus. What happens to your residence rights after Brexit?
This article is one of a number of articles we published on Brexit. For more on the matter click here. The Withdrawal Agreement The EU has reached an agreement...
