All companies registered in Cyprus are subject to the annual levy payment of €350. The last day of payment of the Annual Levy for the year 2019 is the 30th June 2019.
In the case where a company fails to comply with the obligation to pay the annual levy by the 30th of June 2019, the following penalties will apply:
- if the levy is paid between 01.07.2019 and 30.08.2019, then the amount due is €385.
- If the levy is paid after 01.09.2019, then the amount due is €490.
Please note that the Registrar of Companies may proceed to the strike-off of the companies that fail to fulfil their statutory obligation to pay the annual levy.