On 30 June 2022 the Parliament voted another amendment to the Cyprus Companies Law Cap. 113 according to which the deadline for the payment of the annual levy for the year 2022 is extended until December 31, 2022, without the imposition of any additional penalty.
By an amending Law, (Law 87(Ι)/2022 ) , the Cyprus Parliament voted on 24/06/2022 a cap on the administrative fine that may be imposed for late filing of the annual return. The cap is set to 150 euro whereas previously it was 500 euro. The amendment of the Law is valid for the Annual Returns with… Read More
The Department of Registrar of Companies and Intellectual Property of the Ministry of Energy, Commerce and Industry, announces that as from June 1st 2022 the general public, as well as obliged entities, can have access to information regarding the Beneficial Owners Register of companies and other legal entities. Up to this point, access to the… Read More
Further to previous posts about the obligation of companies to register their ultimate beneficial owners to the UBO Register of the Registrar of Companies in Cyprus, please note that the deadline of 12th of March 2022 has been further extended to 31st of July 2022. The anouncement for the extension was published on 01/03/2022. The… Read More
The Registrar of Companies anounced on 21/12/2021 that the deadline for the payment of the annual levy for the year 2021 is extented till the 31st of March 2022. Note that in case of late filing the following penalties apply. 10% penalty when there is up to 2 months delay (up to 31/08): Total amount… Read More
Updated 09/03/2022 Every Cyprus incorporated company is obliged to pay a yearly annual fee to the government; this is called the Annual Levy. The Annual Levy is €350 for every company and is payable from the year of the company's inception. After the year of registration, the annual levy must be paid by the latest,… Read More