Cyprus Company Compliance 2026: UBO Register, Annual Return and Tax
Incorporating a Cyprus company is only the start. Directors and owners also need to keep the company, tax and beneficial ownership records up to date.
For international founders, a clear annual compliance calendar can be as important as the original incorporation.
Changes at the Registrar
A company must notify the Department of the Registrar of Companies and Intellectual Property of relevant changes to its particulars.
Depending on the change, this can include directors, secretary, registered office, share capital, charges and constitutional documents.
Annual return and financial statements
Cyprus companies are required to prepare and file an annual return in accordance with the Companies Law.
The Registrar's current guidance also requires the relevant financial statements to accompany the annual return.
The exact filing timetable should be monitored for each company.
Beneficial Ownership Register
Companies must identify and report their ultimate beneficial owners in the Beneficial Ownership Register.
For 2026, the Registrar requires companies and other covered entities to confirm their beneficial ownership information between 1 October and 31 December 2026.
The Registrar states that non-compliance after the deadline can result in an initial €100 fine and an additional €50 for each subsequent day, up to a maximum of €5,000.
Keep ownership data current
The annual confirmation exercise is not a substitute for updating beneficial ownership information when relevant changes occur.
Share transfers, changes in control and group reorganisations should therefore be considered from both the corporate-record and UBO perspective.
Tax registration and Tax For All
A Cyprus company must register in the Tax Registry within 60 days of incorporation.
Since 1 July 2026, relevant legal persons registered with the Registrar use Tax For All with CY Login for new tax-registration applications.
Tax returns from the 2026 tax year onwards are also moving into Tax For All.
Corporate tax rate
The Cyprus corporate income tax rate is 15% from 1 January 2026.
The tax-residence rules were also amended in 2026, making it important for international groups to consider incorporation, management and control and any applicable tax treaty.
The old €350 annual levy
The annual company levy was abolished from 2024 onwards.
Older Registrar pages and online guides may still contain historic references to the €350 levy, so current obligations should be checked rather than copied from older material. Historic fees for years up to 2023 may still remain relevant.
Corporate administration as an ongoing service
Pavlou & Pavlou assists with company formation, corporate records, changes in officers and shareholdings, constitutional documents, UBO compliance and the legal aspects of ongoing company administration.
Corporate Services: https://www.pavloupavlou.com/corporate-services
Official sources: https://www.companies.gov.cy/en/business-entities/2-company/5-lifecycle/1-starting-a-company/15-guidance/incorporating-a-company/after-incorporation https://www.companies.gov.cy/en/knowledgebase/news/confirmation-of-beneficial-owners-information-in-the-beneficial-ownership-register-system-for-the-year-2026 https://www.companies.gov.cy/en/knowledgebase/news/2169/?ctype=ar https://www.gov.cy/mof-tax/en/documents/registration-and-cancellation-from-the-national-tax-registry-issuance-of-a-tax-identification-number-tic-tin/registration-in-the-national-tax-registry-issuance-of-a-tax-identification-number-tic-tin-businesses/
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Updated November 2026. General information only and not legal, accounting or tax advice.
