• Cyprus
    Deadline for Payment of Annual Levy Extended

    01-07-2015

    On 30 June 2015, the Cyprus Registrar of Companies provided an extension on the deadline for the payment of the annual levy. The deadline has been extended to 31 July 2015 (from 30 June 2015).

    The annual levy of €350 is payable by all companies registered in Cyprus.

    Failure to meet the deadline will result in the following penalties:

    If the levy is paid:

    • EUR 35 if the levy is paid between 1 August 2015 and 30 August 2015;.
    • EUR 140 if the levy is paid after 30 August 2015;
    • EUR 500 if the levy is paid between 30 November 2015 and 30 November 2017, with the company possibly being removed from the register as it is no longer considered to be in good standing.

    If the levy is not paid by 30 November 2017, the company will be removed from the register. If the company needs to be reinstated into the register, a fee of EUR 750 will be due.

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