The access to the Register of Beneficial Owners for the general public is suspended as of the 23rd of November 2022 following the Judgement of the Court of Justice of the European Union (CJEE).
According to the above-mentioned Judgement of the CJEE, Article 1, point 15(c) of Directive (EU) 2018/843 of the European Parliament and the Council, of 30th May 2018, which provides for access to the information on the beneficial ownership of legal entities to any member of the general public, is invalid as it constitutes a serious interference with the fundamental rights of respect for private life and to the protection of personal data, enshrined in Articles 7 and 8 respectively, of the Charter of Fundamental Rights of the European Union.
The relevant information will, continue to be provided to the obliged entities, with the applicable procedure by submitting additionally a solemn declaration confirming that the information on the Beneficial Owners is requested within the context of performing customer due diligence.
It should be noted that the obligation of companies and partnerships to submit and update their Beneficial Owners information is not affected and remains valid.
Source: Department of Company Registrar Cyprus