Insights
Practical commentary on the legal developments that affect businesses and individuals in Cyprus.
Find your answer
Type at least two characters for instant suggestions.
38 articles · Clear filters
Company & Corporate Law
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 deadline of 12th of March 2022 has been further extended to 31st of July 2022. The anouncement for the extension was published on 01/03/2022. The… Read More
Company & Corporate Law
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 that in case of late filing the following penalties apply. 10% penalty when there is up to 2 months delay (up to 31/08): Total amount… Read More
Company & Corporate Law
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 company and is payable from the year of the company's inception. After the year of registration, the annual levy must be paid by the latest,… Read More
Company & Corporate Law
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 to the public registry. The registration deadline was originally the 12th of March 2022 but this has been further extended to 31st of July 2022…. Read More
Company & Corporate Law
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 register set up by the Registrar of Cyprus ("the Register"). The Register will be publicly accessible from January 1, 2023 while for the time being… Read More
Company & Corporate Law
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 to 12.03.2022, only Cyprus competent supervisory authorities such as the Financial Intelligence Unit (FIU) of Cyprus, the Customs Department, the Tax Department and the Police… Read More
Direct advice. Prompt response.
