Company Formation Services

Only the fields with the UBO(s)’ Details are filled-in; no documents shall be submitted into the UBO Register.

Yes, they are not exempted from the obligation to submit the Details of their UBO(s) into the UBO Register.

For new incorporations, the deadline is 90 days. For any change of UBO or change in the Details of the UBO, the deadline is 45 days.

Yes, a Cyprus Company can authorize a third party, such as a service provider or legal advisor, to submit UBO(s)’ Details on its behalf, provided proper authorization is in place.

The required fields include full name, nationality, date of birth, country of residence, nature and extent of beneficial ownership.

Yes, Partnerships are obliged to submit their UBO(s)’ details. This includes identifying and verifying the Natural Persons who ultimately own or control the Partnership, and submitting their details into the UBO Register within the prescribed deadlines.

Companies that are listed on the Cyprus Stock Exchange (or a regulated market) are exempt from submitting their UBO(s)’ details into the UBO Register, provided that they are subject to disclosure requirements consistent with the European Union legislation or equivalent international standards, which ensure adequate transparency of ownership information.

In case all the shareholders of a Cyprus Company are listed Companies, the company is exempt from submitting the details of its UBO(s) into the UBO Register. This exemption applies since listed Companies are subject to transparency requirements under the EU legislation or equivalent international standards.

If no Natural Person owns more than 25% of the Company’s shares and none exercises control through other means, the details of the Natural Persons holding positions as Senior Management Officials shall be submitted into the UBO Register.

Failure to submit or update UBO(s)’ Details within the deadline may result in administrative penalties and significant fines by the Cyprus Registrar of Companies. Currently, the maximum total fine amounts to €20,000.

Failure to submit or update UBO(s)’ Details within the deadline may result in administrative penalties and significant fines by the Cyprus Registrar of Companies. Currently, the maximum total fine amounts to €20,000.

Required documents for company registration such as certificates, shareholder structures, financial statements, and more.