According to the Companies Law, all Cyprus registered companies irrespective of their year of registration are required to pay the Annual Levy of €350 to the Registrar of Companies by 30 June of each year.
Deadline and payable amount
The Annual Levy is is payable by 30 June of each year and it increases if it is not paid on time as per the table below.
| Period | EUR |
|---|---|
| 1 January – 30 June (basic) | 350 |
| From 1 July – 31 August (10% penalty) | 385 |
| From 1 September onwards (30% penalty) | 490 |
It is worth noting that, for group of companies, the total annual levy payable is limited to €20.000 per annum.
Companies that do not pay the Annual Levy may be deleted from the Register.
Where a company is in the process of a voluntary liquidation or wind-up then the Annual Levy is not payable.
Submission of documents for the voluntary winding up of a company will only be accepted by the Registrar of Companies if the company has already settled the payment of the Annual Levy for all the previous years.
Payment
The Annual Levy is payable through the website of the Registrar of Companies after registration to the Government Gateway Portal (Ariadni) or through JCCSMART website for years 2018 onwards.
For further help and assistance for the payment of the Annual Levy, please contact us.
