We wish to remind you that all Cyprus Registered Companies should pay the amount of €350 as from the year of its registration and onwards.
Any subsequent year the levy must be paid before the 30th of June.
In case a company delays to pay the levy as stated above but proceeds with the payment within:
- two months from the due date, a penalty of 10% is imposed
- five months from the due date, an additional penalty of 40% is imposed
Striking off from the Registrar of Companies’ record
If a company will not comply with the payment of the levy and any penalties which might occur, the Cyprus Registrar of Companies without notification will strike off the company from its record in accordance with the provisions of the Cyprus Company Law.
Once the company is struck off it continues to bear all responsibilities and obligations.
The Register restoration fees are payable to bring the company in Good Standing.