ARTICLE
27 December 2018

Reduction Of Registrar Of Companies Fees For Incorporation Of Cyprus Companies

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G. Vrikis & Associates Ltd

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G. Vrikis & Associates LLC is a rapidly expanding and prominent law firm in Cyprus. Established in 2015 by its managing partner, Mr. George Vrikis, the firm has been focused in providing high-level legal advice to its clients and expanding its international profile and clientele, while at the same time maintaining a prompt, proactive and family office-approach for its clients. The Firm has expanded to a second location in Limassol in 2019, with the addition of Mrs Christiana Kouppi as a Partner.
The Council of Ministers has exercised its discretion and has, as of the 18th December 2018, amended the Regulations governing the applicable fees of the Registrar of Companies, by the issuance of the new ΚΔΠ 364/2018.
Cyprus Corporate/Commercial Law

The Council of Ministers has exercised its discretion and has, as of the 18th December 2018, amended the Regulations governing the applicable fees of the Registrar of Companies, by the issuance of the new ΚΔΠ 364/2018.

Under the new Regulations, the applicable fee of 0.6% on the share capital of the company which is being incorporated is removed, with only the flat fee remaining.

The above amendment paves the road for incorporation of companies which have much higher share capital from what is the typical position now, without the limitation of higher fees being applicable.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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