Flat annual fee for companies for 2023
Flat annual fee for all companies registered in the Cyprus Companies House
Every company, registered in the Registrar of Companies, has an obligation to pay a flat annual fee of three hundred and fifty Euros (?350) to the Registrar of Companies by the 30thof June of each year of its operation.
It is noted that, if a company fails to timely pay the annual fee it is subject to a late charge as follows:
- for payment within two (2) months from the 30thof June (i.e. up until the 31stof August), the charge imposed equals to an additional ten percent (10%) on the original fee, thus making the total amount to be paid three hundred and eighty-five Euros (?385);
- for payment within five (5) months from the 30thof June (i.e. up until the 30thof November), the charge imposed equals to an additional 30% on the original fee, thus making the total amount to be paid four hundred and ninety Euros (?490).
Companies belonging to a group, for which the total payable fees do not exceed the sum of twenty thousand euros (?20.000), complete and submit the application for the payment of annual fee by allocating the sum amongst the companies in equal parts.
Payment methods of the annual fee
You may proceed with the payment of your company's annual fee, via the following ways:
- The website of JCCSMART for payments relating to the years 2018 onwards;
- The e-service of the Registrar of Companies, following registration to AriadneGovernment Gateway, for payments relating to the years 2012 - 2017 (including);
- By submitting to the Registrar of Companies the relevant Annual fee form by hand/post.
Exemption from payment of annual fee
It is noted that a company that was registered prior to 14thof August 1974, and had its registered office or place of business or all of its assets in an occupied or inaccessible area and that is no longer active and/or does not possess any other asset other than the assets located in areas which are not under the control of the Republic, is not obliged to pay an annual fee. Towards this end, form HE67 must be submitted by hand/post.
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.