The ratification procedure in both countries has been completed and the Double Tax Treaty will enter in to force on 30 June 2023. It will generally apply as from 1 January 2024.
The Directive targets EU tax resident entities that are engaged in cross-border economic activities but have little or no economic substance, known as “shell entities”.
With an announcement on 3 January 2023, the Registrar clarified that obliged entities must submit a Solemn Declaration along with their application for provision of UBO information...
The Cyprus Registrar of Companies through an announcement issued on 9 December 2022, clarified that what should be declared is the latest available information about a beneficial owner of an investment fund.
The Cyprus Registrar of Companies announced on 28 November 2022 that access to the UBO Register for the general public is suspended with effect from 23 November 2022.
On 22 November 2022, the European Court of Justice (ECJ) effectively ruled that public access to the registers of beneficial owners (UBO Registers) held by EU member states...
The Cyprus Securities and Exchange Commission (CySEC) announced on 7 September 2022 that the deadline for submitting information to the Cyprus Beneficial Ownership Register...
On 1 August 2022 the Cyprus Registrar of Companies announced that an application for the issuance of a “Beneficial Ownership Report” is available on...
