The Annual Levy on Cyprus Companies of €350 is payable by 30th of June of every calendar year. The following penalties will be imposed for failure to pay the 2018 levy by 30th of June:
- €385,00 – 01.07.2018 – 31.08.2018 (10% for any delay of up to two months)
- €490,00 – 01.09.2018 – 30.11.2018 (40% for any delay over two months up to five months)
The companies that have not paid the levy before 30.06.2018 will be struck off*.
* Please note that this does not mean that the company will be effectively and permanently liquidated or “closed” since the company will continue to bear all responsibilities and obligations. Once a company is struck off, the Register restoration fees are payable to bring the company back in Good Standing.