Cyprus: Confirmation of beneficial owners’ details by December 31
Companies failing to confirm details in the Beneficial Owners Register system will be subject to a financial penalty.
The Department of Registrar of Companies and Intellectual Property (DRCIP) announced that all companies incorporated or registered under the Companies Law, are required to log into the Beneficial Owners Register (BOR) system from October 1, 2025, until December 31, 2025, and confirm details of the beneficial owners (BOs), senior managing officials, or due diligence.
If the confirmation of details in the BOR is not completed by December 31, 2025, the company or other legal entity may be subject to financial penalties not exceeding €5,000.
Read an August 2025 report prepared by the KPMG member firm in Cyprus