Cyprus requires beneficial ownership details for partnerships

On 6 August 2021, the Department of Registrar of Companies announced that following a legal opinion from the Attorney General, all partnerships registered in the Registrar of Companies pursuant to article 50 of the General and Limited Partnership and Business Names Law (Cap. 116) are obliged to enter their beneficial ownership details onto the beneficial owner system.

The process for partnerships will be similar to that of the submission of beneficial owners details for companies. See relevant information regarding the Directive as well as the guidance.

For the time being the system is being upgraded and the submission into the interim solution system is not currently available. It is expected to launch by early October, at such time, an announcement will be issued by the Registrar of Companies.

Our previous blog post on the Cyprus Beneficial Ownership Register can be found here.

The official announcement can be found here.