Cyprus Tax News: UBO Registry

Date: March 21, 2021

Commencement of Ultimate Beneficial Owners (UBOs) Register of Companies and Other Legal Entities in Cyprus

We would like to inform you that on 12 March 2021, the Registrar of Companies (RoC) announced that the electronic service for the registration of beneficial owner particulars for companies and other legal entities is available as from 16 March 2021 under the section “e-filing services” of the Companies section in the RoC website.

According to a previous RoC’s announcement of 19 February 2021, companies and other legal entities can begin to submit the details of their beneficial owners into the intermediate system solution as of Tuesday, 16 March 2021. Starting from this date, a period of six (6) months is granted to all existing entities to submit their beneficial owners’ information into the system. During the intermediate solution period no penalties will be imposed for late submissions.