Who Needs to Act 

All companies incorporated or registered under the Companies Law, Cap. 113, European Public Companies (SEs) and partnerships. 

Affected entities must confirm the information recorded in the BOR in respect of their Beneficial Owners (BOs), Senior Management Officials (SMOs) or due diligence information, as applicable. 

What You Need to Know 

• Confirm once: you confirm once in the October–December window. Changes made after you confirm don’t need a second confirmation.
• Updates come first: if you need to register, change or update anything on the BOR during the window, do that first, then confirm by 31 December.
• New entities: if your first submission deadline (90 days from incorporation or registration) falls within the window, you must also confirm by 31 December.
• Online only: the register is updated only through the online system at ubo.meci.gov.cy. The step-by-step guide is in the DRCIP FAQs.

Penalties for Non-Compliance 

 Failure to complete the annual confirmation by 31 December 2026 will result in an administrative fine of €100 for the first day of non-compliance and €50 for each subsequent day, up to a maximum total fine of €5,000. 

These administrative fines apply irrespective of any potential criminal liability or prosecution.