201506.09
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Annual Levy on Cyprus registered companies

All clients and associates having Cyprus registered companies are kindly reminded of the deadline of 30th June for payment of the Annual Levy of €350 per annum. For companies belonging to the same group, the annual levy obligation is capped to €20,000 distributable among the relevant companies in equal shares.

Penalties apply in cases of delay of payment while companies failing to comply with their annual levy obligations within the time limits set by Law are being withdrawn from the registry by the Registrar of Companies.