Annual Levy of EUR 350.00 – companies registered in Cyprus

Non-dom Cyprus

Please be informed that as per the Article 391 of the Companies law (as amended Law No. 6(I)/2013), it is obligatory to pay the annual fee (Annual Levy) for all companies registered in Cyprus.

The fee equals to EUR 350.00 (three hundred and fifty euros) and has to be paid to the Registrar of Companies in Cyprus.

Annual Levy applies to all companies registered in Cyprus, whether dormant or not.

Deadline for payment: 30th June of each relevant year

Failure to pay the levy will occur in penalties and strike-off from the registry.

– Payment before or on 30th June: no penalty (EUR 350)
– Payment between 01st July and 31st August: 10% penalty (EUR 350 + EUR 35 = EUR 385 )
– Payment between 1st September and 30 November: additional 30% penalty (EUR 350 + EUR 35 + EUR 105 = EUR 490)

Strike-off from the Registrar of Companies: in case a company will fail to pay the annual levy with the penalties, the Registrar has a right to strike-off the company from the register.

Further penalties: in case the company is struck-off from the registry, the penalties for reinstatement are as follows:
– payment within two years from the date of strike-off: EUR 500
– payment after two years from the date of strike-off: EUR 750