All companies incorporated in Cyprus are required to pay a fixed annual levy of €350 to the Registrar of Companies. The maximum levy for groups is set at €20.000.
The levy must be paid by 30th of June of each year.
In case where the levy is not paid within the prescribed period the following penalties will apply:
- 10 % penalty if the levy is not paid within 2 months.
- 30 % penalty if the levy is not paid within 5 months.
- If the levy is not paid within 5 months the Registrar of Companies will remove the company from its registry. The return of the company to the registry can be effected within two years with the payment of a levy of €500 per annum and thereafter with the payment of a levy of €750 per annum.
Originally published 03 February 2021
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