Further to our previous newsfeeds on this matter, on 25 July 2022 the Cyprus Registrar of Companies announced that the extended deadline for submission of data to the Register of Ultimate Beneficial Owners for companies and other legal entities (UBO Register) which was on 31 July 2022 will cease to apply.
It would be possible to submit information to the UBO Register after 31 July 2022 without any consequences. Penalties will start to be imposed as soon as the final stage of the process is implemented, with the relevant platform being released, something which it is expected to happen soon.
