Beneficial Owner Register Access Suspended

On the 22/11/2022, the Department of Registrar of Companies and Intellectual Property announced that following the Directive 2018/843 of the European Court of Justice (ECJ) whereby Member States must ensure that the information on the beneficial ownership of companies incorporated within their territory should be accessible in all cases to any member of the public is invalid. The decision of partial invalidation relates to the provision of the Directive itself and not to the transposition of the Directive into Luxembourg law, as the Luxembourg legislation is in conformity with the Directive. On the same day, because of this ruling, public access to the UBO register was suspended in several Member States, including the Republic of Cyprus.