Share this post

Print

Last year the Council of Ministers decided to transpose the 4th Anti-Money Laundering Directive (EU) 2015/849 to the national legislation. The registry development has been completed and the Ministry of Finance announced its official operation on April 6th, 2021.  

Τhe Department of Registrar reported today, March 1st, that the submission period of beneficial owners’ data shall be extended until July 31st, 2022.

Therefore, all legal entities registered in Cyprus are granted a grace period of an additional 4 months to submit their relevant information and reportable details to the system. As a result, all legal persons and legal arrangements through their registered agents have a duty to comply with the provisions of the legislation by July 31st, 2022. 

For further information relating to the UBO Register in Cyprus, please contact Constantinos Pavlou, Advocate/Legal Consultant at nicosia@eurofast.eu

Eurofast is a regional business advisory organization employing local advisors in over 22 cities in South East Europe & the Middle East (SEEME). The Organisation is uniquely positioned as a one-stop-shop for investors and companies looking for professional services in Tax & Transfer Pricing – Payroll & Employment – Accounting & Audit –Advisory & Corporate. 

AUTHOR:

Constantinos Pavlou

Costantinos Pavlou
Head of Corporate and Legal
Eurofast Nicosia
nicosia@eurofast.eu