UBO Register – Obliged Entities

As previously reported, the Cyprus Registrar of Companies (the ‘Registrar’) announced on 28 November 2022 that access to the UBO Register for the general public is suspended with effect from 23 November 2022.

The Registrar added that the relevant information to the competent and supervisory authorities as well as the Unit for Combating Money Laundering (MOKAS), will continue to be provided with the applicable procedure. Information will also continue to be provided to obliged entities. 

With an announcement on 3 January 2023, the Registrar clarified that obliged entities must submit a Solemn Declaration (the template is available on the Registrar’s website), along with their application for provision of UBO information, confirming that the information is requested within the context of performing customer due diligence. It is noted that an application that is not accompanied by the relevant declaration will not be accepted by the Registrar.

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