All companies registered in Cyprus are subject to the annual levy payment of €350. The last day of payment of the Annual Levy is the 30th June.
In the case where a company fails to comply with the obligation to pay the annual levy by the 30th of June, the following penalties will apply:
- if the levy is paid between the 1st July and 30 August, then the amount due is €385.
- If the levy is paid after 1st September, 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.