English (United Kingdom)

The Cyprus Parliament passed into Law the amendments relating to the Special Defence Contribution (SDC) Law, that extent the application of the reduced SDC rate of 3%.

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The Department of Registrar of Companies and Intellectual Property of the Ministry of Energy, Commerce and Industry, announces that as from June 1st 2022 the general public, as well as obliged entities, can have access to information regarding the Beneficial Owners Register of companies and other legal entities.

Up to this point, access to the Register was only available to competent and law enforcement authorities, such as MOKAS (Unit for Combating Money Laundering), Cyprus Police, the Central Bank etc.

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Every company, registered in the Registrar of Companies, must pay an annual fee of three hundred and fifty euros (€350) by 30th of June of each year of its operation.

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