Confirmation of Beneficial Owners 2025 – What You Need to Know
Last updated on October 11, 2025
All companies and cooperatives registered in Cyprus are obligated to confirm the details of their Beneficial Owners (BOs) for the year 2025.
Deadlines
The confirmation process must be carried out electronically via the Beneficial Owners Register between 1 October 2025 and 31 December 2025.
During this period, all companies, European Public Companies (SE), and partnerships must submit the confirmation for:
-
the details of their beneficial owners
-
the details of senior management
-
or the relevant due diligence data, as applicable
Obligation to Update Addresses
Beyond confirming beneficial owner data, businesses must also ensure that their registered office address or business premises address is correct and up to date in the Registry of Business Entities. This prevents issues with official communications and notifications.
Penalties for Non-Compliance
Failure to fulfill this obligation can lead to serious consequences, including:
-
monetary fines
-
potential removal from the Registry of Business Entities
Penalties at a Glance
To avoid ambiguity, below is a summary of the current administrative penalties for late or non-updating of beneficial owner information:
| Day of violation | Penalty amount | Additional charge | Maximum limit |
|---|---|---|---|
| First day | €100 | — | — |
| Each subsequent day | €50/day | until compliance | up to €5,000 total per company/entity |
Note: These revised measures took effect pursuant to an announcement made on 16 December 2024.
👉 For more details, refer to the official announcement of the Registrar of Companies:
Updating the register of beneficial owners
Conclusion
Confirming the beneficial owner data for 2025 is a legal obligation for every business in Cyprus. Timely compliance not only prevents penalties but also ensures the smooth operation and transparency of the company.
Call to Action
Need help with confirming beneficial owner data for 2025? Our team can handle the entire process on your behalf, ensuring a timely and compliant submission. Contact us today to take the next steps.
Contact Rightax Cyprus
Reach out for expert help with tax, accounting, audit, or company setup in Cyprus.
Disclaimer: The above information is provided for general guidance only. It does not constitute legal or tax advice. Always consult a qualified professional for advice tailored to your specific circumstances.