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Practical commentary on the legal developments that affect businesses and individuals in Cyprus.
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Company & Corporate Law
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 to the Register of Beneficial Owners for the general public is suspended as from 23/11/2022. The Registrar notes that the obligation of companies and partnerships… Read More
Company & Corporate Law
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 companies incorporated within the territory of the Member States is accessible in all cases to any member of the general public is invalid. This is… Read More
Company & Corporate Law
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 the beneficial owners information in the Beneficial Ownership Register will continue after the deadline of 31/07/2022 and until the Final Solution is implemented the date… Read More
Company & Corporate Law
On 30 June 2022 the Parliament voted another amendment to the Cyprus Companies Law Cap. 113 according to which the deadline for the payment of the annual levy for the year 2022 is extended until December 31, 2022, without the imposition of any additional penalty.
Company & Corporate Law
By an amending Law, (Law 87(Ι)/2022 ) , the Cyprus Parliament voted on 24/06/2022 a cap on the administrative fine that may be imposed for late filing of the annual return. The cap is set to 150 euro whereas previously it was 500 euro. The amendment of the Law is valid for the Annual Returns with… Read More
Company & Corporate Law
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 obliged entities, can have access to information regarding the Beneficial Owners Register of companies and other legal entities. Up to this point, access to the… Read More
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