{"id":3155,"date":"2022-11-28T14:15:57","date_gmt":"2022-11-28T14:15:57","guid":{"rendered":"https:\/\/r02fi4ct8m.wpdns.site\/suspension-of-access-to-the-beneficial-owners-register-for-the-general-public\/"},"modified":"2022-11-28T14:15:57","modified_gmt":"2022-11-28T14:15:57","slug":"suspension-of-access-to-the-beneficial-owners-register-for-the-general-public","status":"publish","type":"post","link":"https:\/\/www.gstaxconsultants.com\/el\/suspension-of-access-to-the-beneficial-owners-register-for-the-general-public\/","title":{"rendered":"Suspension of access to the general public to the Beneficial Owners registry of Cyprus Companies"},"content":{"rendered":"<p>The Department of Registrar of Cyprus Companies and Intellectual Property announces that, following the Judgement of the Court of Justice of the European Union (CJEE) in joined cases C-37\/20 and C-601\/20, of November 22, 2022, access to the Register of Beneficial Owners for the general public is suspended as of the 23<sup>rd<\/sup> of November 2022. This is very important because the identity and name of the ultimate owners is protected and may remain confidential.<\/p>\n<p><!--more--><\/p>\n<p>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 30<sup>th<\/sup> 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.<\/p>\n<p>The relevant information to the competent and supervisory authorities and the Unit as referred in article 12 of Directive R.A.A. 112\/2021 and amending Directive R.A.A. 116\/2022, will continue to be provided with the applicable procedure.&nbsp;&nbsp;<\/p>\n<p>The relevant information will, also continue to be provided to the obliged entities, with the applicable procedure by <strong><em>submitting additionally a solemn declaration confirming that the information on the Beneficial Owners is requested within the context of performing customer due diligence.<\/em><\/strong>&nbsp;&nbsp;<\/p>\n<p>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.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\">Globalserve Consultants Ltd, an authorized corporate provider in Cyprus can assist and advise you on the above,<\/p>\n<p style=\"text-align: center;\">Should you require any additional information please contact us at <a href=\"mailto:phani@gstaxconsultants.com\"><\/a><a href=\"mailto:phani@gstaxconsultants.com\">phani@gstaxconsultants.com<\/a> or call at 00357 25 817181.<\/p>","protected":false},"excerpt":{"rendered":"<p>The Department of Registrar of Cyprus Companies and Intellectual Property announces that, following the Judgement of the Court of Justice of the European Union (CJEE) in joined cases C-37\/20 and C-601\/20, of November 22, 2022, access to the Register of Beneficial Owners for the general public is suspended as of the 23rd of November 2022. [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":3010,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[61],"tags":[],"class_list":["post-3155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-articles"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/posts\/3155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/comments?post=3155"}],"version-history":[{"count":0,"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/posts\/3155\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/media\/3010"}],"wp:attachment":[{"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/media?parent=3155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/categories?post=3155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/tags?post=3155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}