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Cyprus Companies
Register of Beneficial Owners
The Cyprus Parliament has passed the new amendment to the Law for the Prevention and Combating of Legalization of Income from Illegal Activities (amendment Law N.141(I)/2024), which introduces the following main amendments to the Law relating to the obligation imposed for the filing of the Ultimate Beneficial Owners (UBO) of each Cyprus Company with the...
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In accordance to the amendment passed into the Cyprus Companies Law, Cap.113 by the Company Law (Amendment) Law 2024, L.25(I)/2024, which was published in the Cyprus Gazette on the 15th March 2024, the application and imposition of an Annual Levy payable to the Registrar of Companies by all companies registered in Cyprus has been abolished....
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An important update to the Cyprus Companies Law, Cap 113, has been introduced as of the 9th June 2022, with the aim of simplifying accounting and audit practices for small size companies. These amendments shall become active upon publication in the Cyprus Gazette, and are summarized below. According the amendments of the Companies Law, companies...
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