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Tag: TheUBORegistry

Access to the Beneficial Owners Register.

Jun 23, 2022
The Department of Registrar of Companies and Intellectual Property of the Ministry of Energy, Commerce and Industry, announces that as from June 1st 2022 the general public, as well as...

Deadline to register to the UBO Registry extented to 31/07/2022

Mar 18, 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...

What is the fine for failure to register with the UBO Registry?

Feb 27, 2022
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.

Jan 28, 2022
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.

Jan 24, 2022
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?

Jan 24, 2022
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...

The end of anonymity. Cyprus transposes into Law the Fifth Anti-money laundering Directive. (Directive 2018/843)

Mar 16, 2021
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...