Further to our previous newsfeed on this, the Cyprus Registrar of Companies (the “Registrar”) issued an announcement on 22 September 2023, clarifying that all companies which have applied for a strike-off from the registry from 12 March 2021 onwards, but are still registered, are obliged to submit the details and information of their beneficial owners on the Register of Beneficial Owners of Corporate and Other Legal Entities (UBO Register). Failure to do so will lead to the imposition of fines and penalties and /or the initiation of criminal proceedings due to non-compliance.
The same obligation also exists for companies for which the three-month notice of their strike-off has been published in the Official Gazette of the Republic of Cyprus, but deregistration procedure has not been completed yet.
