4. Payment of the Special/Annual Levy imposed on all Cyprus Companies
In accordance to the relevant legislation which is in force from the year 2011, all companies that are registered to the Registrar of Companies in Cyprus, have an obligation to pay a fee of 350 Euro on an annual basis (“Special/Annual Levy”).
The annual levy is compulsory for all registered companies in Cyprus. In prior years certain exceptions applied which were abolished through law amendments.
The levy must be paid by the 30th of June of every year. Thus, the annual levy for the year 2018, is due by 30 June 2018.
ANNUAL LEVY – 2018
Penalties for late payment:
In case of a late payment of the special levy, the following levy increases are payable:
€385 if paid between 1 July and 31 August 2018
€490 if paid between 1 September 2018 and 30 November 2018
Removal from the Register
If the annual levy is not paid within the period of five months (i.e. from 30th June), then the Registrar will remove the company from the Register in accordance with the provisions of the Cyprus Company Law.
Removal from the Register will restrict the company from filling documents or requesting certificates from the Registrar.