UBO REGISTER ALERT – Have you complied?
IS IT NECESSARY FOR ALL LEGAL ENTITIES TO REGISTER THEIR ULTIMATE BENEFICIAL OWNER(S)?
Implementation of the Ultimate Beneficial Owner Register of Companies and other legal entities in Cyprus 2021
On 20 May 2015, the European Council issued the 4th Anti-Money Laundering Directive which requires all Member States to maintain a central register of the beneficial or true owners of companies within their respective jurisdictions.
As of 16 March 2021, all companies or any other legal entity incorporated in the Republic of Cyprus is obliged to collect and file information on a UBO Register maintained by the Cyprus Registrar of Companies.
Penalties will be imposed after the implementation of the interim solution.
Argyropoulou & Associates LLC can assist you with registration and advice concerning the UBO Register. For any enquiry or assistance please contact our law firm at email@example.com.