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...
Annual governement levy for 2022- Extension for payment till 31st December 2022
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...
Annual Return for Cypriot companies. Reduction of administrative fine as from 24/06/2022.
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....
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...
Annual governement levy for 2021- Extension for payment till 31st March 2022
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...
What is the annual government levy.
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...
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...