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Cyprus UBO Register: Annual Confirmation Period Opens on 1 October 2026
The Department of the Registrar of Companies and Intellectual Property has announced the opening of the 2026 annual confirmation period for the Cyprus Register of Beneficial Owners (UBO Register). All entities falling within the applicable requirements must review and confirm their beneficial ownership information between 1 October 2026 and 31 December 2026.
The annual confirmation process is an important corporate compliance obligation for entities registered in Cyprus. Businesses should ensure that the information recorded in the UBO Register is accurate, complete and up to date, even where no changes to their beneficial ownership details have occurred during the year.
Which entities are required to complete the annual confirmation?
The annual confirmation requirement applies to the relevant entities registered in Cyprus, including:
- Companies incorporated or registered under the Cyprus Companies Law, Cap. 113.
- European Public Limited Companies (Societas Europaea – SEs).
- Partnerships.
Depending on the circumstances of each entity, the information requiring confirmation may concern its Beneficial Owners (BOs), Senior Management Officials (SMOs) or applicable due diligence information.
What steps must be taken?
To complete the annual confirmation, entities should first review the information currently recorded in the UBO Register and verify that all relevant details remain correct.
If any information is inaccurate or requires updating, the necessary amendments should be submitted to the UBO Register before proceeding with the annual confirmation. Once any required changes have been made, the entity must complete the annual confirmation through the electronic UBO Register system.
The annual confirmation remains necessary even if there have been no changes to the beneficial ownership information during the year. Entities should therefore not assume that the absence of changes removes their obligation to complete the process.
Deadline and administrative penalties
The annual confirmation period closes on 31 December 2026. Entities that fail to complete the confirmation by the applicable deadline may be subject to administrative penalties.
According to the announced penalty structure, non-compliance may result in a fine of €100 for the first day of non-compliance, followed by €50 for each subsequent day, up to a maximum administrative fine of €5,000.
Given the potential financial consequences of late compliance, entities are encouraged to complete the confirmation well before the end-of-year deadline rather than leave the process until the final days of December.
How Flexi Group can assist
Flexi Group will assist with reviewing and completing the annual confirmation of UBO Register information for entities under its administration.
Where necessary, our team may contact clients to request updated information or supporting documentation to ensure that the information recorded in the Register remains accurate and complete.
Clients are encouraged to respond promptly to any requests for information and to ensure that any changes in beneficial ownership or other relevant details are communicated in a timely manner.
Important dates at a glance
- Confirmation period opens: 1 October 2026
- Confirmation deadline: 31 December 2026
- First day of non-compliance: €100 administrative fine
- Each subsequent day: €50 administrative fine
- Maximum administrative fine: €5,000
For further information or assistance with the 2026 annual confirmation of the Cyprus UBO Register, please contact the Flexi Group team.
*DISCLAIMER: This article and its publication are intended to provide a brief introduction and act as a general guide. This is provided for information purposes only and cannot be utilized as a substitute for professional advice. This document does not represent a legal opinion and one must not rely on it without receiving independent advice based on the particular facts of its own case. No responsibility is accepted by the author or the publishers for any loss suffered from acting or refraining from acting based on the contents of this publication.
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Please get in contact with our Head of Business Development:
Mrs Daniella May / Head of Business Development
Tel.: + 357 7000 2 5555 / + 357 22 87 57 55
