FAQ's-UBO's
Companies that have filed an application for strike off or liquidation
1.Companies/Partnerships with an application for strike off or under liquidation are exempted from the obligation to submit their UBOs information?
Only companies/partnerships that have submitted an application for strike off before 12.03.21 or their liquidation started before 12.03.21 are exempted as follows:
• In the case of strike off, for exemption purposes, the date of submission of the relevant application to the Department is taken into consideration,
• In the case of voluntary liquidation, for exemption purposes, the resolution’s date approving the company’s liquidation is taken into consideration,
• In the case of liquidation by Court Order, for exemption purposes, the date on the application submitted to court for liquidation, is taken into consideration.
• In the case of strike off, for exemption purposes, the date of submission of the relevant application to the Department is taken into consideration,
• In the case of voluntary liquidation, for exemption purposes, the resolution’s date approving the company’s liquidation is taken into consideration,
• In the case of liquidation by Court Order, for exemption purposes, the date on the application submitted to court for liquidation, is taken into consideration.
2.A company/partnership that has been struck off the Companies Register prior to 12.03.21 must submit the details of its beneficial owners?
No.
3.Α company that is going to be liquidated within the next few months has an obligation to submit the relevant details?
Yes, see answer to question 1 above.
4. What happens in cases where companies submitted an application to be striken off the register or for which a liquidation procedure was initiated after 12/03/2021?
Companies that submitted an application to be striken off the register or for which a liquidation procedure was initiated after 12/03/2021 are not exempted from the obligation to file beneficial owners’ details.
5. What happens in cases that an objection has been submitted and the company is still registered?
Companies that submitted an application to be striken off the register before 12.03.21 are excluded from the obligation to file beneficial owners’ details. In the event that an objection was filed by a competent authority and the company remains on the register, the company is also excluded from the obligation to file beneficial owners’ details.
6. What happens in cases where companies did not apply for a strike off but received a letter from the Registrar of Companies before 12/03/21 that the company will be stricken off due to non-compliance? (non active companies)
Companies that did not apply for a strike off but received a letter from the Registrar of Companies before 12/03/21 that the company will be stricken off due to non-compliance but are still on the register are not exempted from the obligation to file beneficial owners’ details.
