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 in to the Beneficial Owners Register (BOR) system from October 1, 2026, until December 31, 2026, and confirm details of the beneficial owners (BOs), senior managing officials, or due diligence.
If details in the BOR are not confirmed by December 31, 2026, the company or other legal entity may be subject to financial penalties not exceeding €5,000.
Read an October 2026 report prepared by the KPMG member firm in Cyprus