According to the provisions of new Cyprus legislation adopted in 2021 concerning money laundering, all Cypriot companies are obliged to register the details of their beneficial owners in an electronic register set up by the Registrar of Cyprus...
For any owner of a Cypriot company, there are six must-know requirements that cannot be overlooked. Read this article to get your ducks in a row and ensure compliance for the fiscal year. 1. Annual returns – All Cyprus companies are required to hold...
Many clients want to remain anonymous for a number of reasons. Anonymity is achieved by using nominees to act as company directors or shareholders...
We usually advice clients to submit three alternative names for approval by the Registrar of Companies. Choosing the right company name depends on a host of considerations – some as obvious as the kind of business you do, others as unique as your...
Introduction The Fifth Anti-Money Laundering Directive (5AMLD) came into effect on the 10th January 2020 and serves to address new issues that have been exposed since the Fourth Anti-Money Laundering Directive which came into...
The release of the information added on the UBO Registry in Cyprus is divided to two phases: Phase 1. During the first 12-month reporting period, i.e., starting from 12.03.2021 to 12.03.2022, only Cyprus competent supervisory authorities such as the...