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.