On 21 November 2024, the House of Parliament passed a law amendment significantly reducing the fines for corporate entities that fail to declare their ultimate beneficial owners (UBOs) on time.
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The Parliamentary Committee on Energy, Trade, Industry and Tourism of the Cyprus House of Representatives decided on 8 October 2024 to delete all fines imposed for failing to submit the
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On 16 July 2024, the Department of the Registrar of Companies and Intellectual Property announced that in cases of change of officers/partners in a company/cooperative, the responsibility to carry out
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On 1st of September 2023, the Department of Registrar of Companies and Intellectual Property announced that; “All companies that have been incorporated or registered according to Companies Law Cap. 113,
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On 16 May 2023, the European Commission published a press release announcing that the EU Finance Ministers agreed on new tax transparency rules for all service providers, which are based
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We would like to remind interested parties that the deadline for the Annual Levy for 2022 for Cypriot companies was extended to 31 December 2022 without the imposition of a
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According to the announcement made by the Department of Registrar of Companies and Intellectual Property on 28 November 2022, access to the Register of Beneficial Owners for the general public
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The Department of the Registrar of Companies and Intellectual Property Cyprus recently announced that the maximum total amount for late filing of Annual Returns, compiled within 2021 and 2022, will
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According to the recent reports, following the decision of the Central Bank of Lebanon, the Lebanese banks will be closing their branches in Cyprus. Lebanon is going through a severe
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On March 1st 2022, the Department of Registrar of Companies announced that the submission period of beneficial owners’ data in the Beneficial Owner Register is extended to 31.07.2022. For further
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