Cyprus:
De-Registration Of Companies Due To Non-Payment Of The Annual Special Levy
22 December 2022
AGP Law Firm | A.G. Paphitis & Co. LLC
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The Department of the Registrar of Companies and Intellectual
Property of the Republic of Cyprus announced that it intends to
proceed with the de-registration of companies, pursuant to the
provisions of article 327 (2A) (b) of the Companies Law, Cap.113
("the Law").
The Registrar of Companies may de-register a company from the
register, in case of failure by the company to pay the annual
special levy as provided by section 391 of the Law for a period of
one year, from the date on which it became payable.
Specifically, those companies that have not paid the Annual
Special Levy for any year for the period between 2012 – 2021
(both inclusive), will be published in the Official Gazette of the
Republic of Cyprus and after three months from the date of such
publication, the companies will be de-registered from the register,
according to section 327(3)(c) of the Law, unless in the meantime
the company can reasonably justify failure to pay the amount
due.
AGP Law Firm | A.G. Paphitis & Co. LLC
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