Cyprus: Deadline for confirmation of ultimate beneficial owner’s information is December 31, 2024
Certain companies must log into the register of ultimate beneficial owners between October 1, 2024 and December 31, 2024, to confirm the information of their ultimate beneficial owners
The Department of Registrar of Companies and Intellectual Property (DRCIP) announced that all companies incorporated or registered under the Companies Law, all European Public Limited Liability Companies, and all partnerships or their respective officers/partners must log into the register of ultimate beneficial owners (UBO) between October 1, 2024 and December 31, 2024, to confirm the information of their ultimate beneficial owners or their senior management, or perform due diligence, as applicable.
The steps to complete the confirmation process may be found in the "Frequently Asked Questions – Ultimate Beneficial Owners" section of the UBO register, under "Confirmation of Information in the UBO Register."
Read a September 2024 report prepared by the KPMG member firm in Cyprus