Cyprus company annual levy

Cyprus company formation is an easy a fast procedure. But what are the annual fees to the Cyprus government?

Annual Levy is the proper name of the fee every Cyprus incorporated company is obliged to pay yearly. The Annual Levy is €350 for every company and is payable from the year of company incorporation. After the year of registration, the annual levy has to be paid the latest by 30 of June of each year. In the case of group companies the total amount payable is capped at €20.000.

Late payment will result the following penalties:

  • 10% penalty when there is up to 2 months delay
  • 30% penalty when there is delay between 2 to 5 months.

Non-payment of the annual levy to the Cyprus Registrar of companies will result deregistration.

This will not allow the company to submit documents or request any kind of certificates from the Registrar of companies.

In the cases where a company is re-instated within two years from the strike-off (deregistration) a fix penalty of €500 is imposed in addition to the outstanding amount of Annual Levy. The penalty is increased to €750 in the cases where a company is re-instated after the two-year period.

The payment of the Annual Levy can be arranged online via the Department of Registrar of Companies. In order to complete this, the user has to be first registered and create profile on the Ariadni - Government Gateway Portal.

Otherwise Cyprus company owners or directors can ask their professional service provider to arrange the Levy on behalf of their company.