Knowledgebase

In case the final beneficial owner is a trust or other legal arrangement similar to trust, the following information must be submitted:
1) Name of trust or other legal arrangement similar to trust-(mandatory field)
2) Registration number *(if any)
3) Country of jurisdiction (i.e. the country where the trust is registered and not the country under the laws of which the trust is governed)-(mandatory field)
4) List of Natural Persons with the following statuses:
a) Settlor
b) Trustee 
c) Beneficiary
d) Protector
e) Any other natural person exercises ultimate control
f) other capacity (this is only applicable in other legal arrangement)

In case the country of jurisdiction is in Cyprus, the first 3 categories mentioned in paragraph 4 above are mandatory to be completed for trusts.  
In the scenario where the country of jurisdiction of a trust is outside Cyprus, at least one of the categories mentioned in paragraph 4 above must be completed. In case of other legal arragement in the Cyprus Republic or outside at least one of the categories mentioned in paragraph 4 above must be completed.

5. Nature and extent of the beneficial interest

It is clarified that the nature and extent of the beneficial interest wii be submitted exclusively on the percentage of the trust or legal arrangement in the entity and not for each of the above categories.

For further information regarding the BO registry, please see the guidance.