Suspension of access to the Register of Beneficial Owners for the general public
The Registrar of Companies has today (28/11/2022) anounced that following the judgment of the the Court of Justice of the European Union (CJEU), 22/11/2022, in joined cases C-37/20 and C-601/20, access...
The CJEU strikes a blow to the UBO public registries.
The Court of Justice of the European Union in a judgment delivered on 22/11/2022, in a preliminary ruling, decided that the provision whereby the information on the beneficial ownership of...
The UBO Registry. Update by the Registrar of Companies -25/07/2022
The Registrar of Companies provided an update on 25/07/2022 as regards the operation of the UBO Registry. The anouncement states that the operation of the Interim Solution for submission of...
Access to the Beneficial Owners Register.
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
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?
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...
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...