ARTICLE
7 May 2020

COVID-19 Measures By The Registrar Of Companies To Assist 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 following emergency measures have been taken by the Department of the Registrar of Companies and Official Receiver in Cyprus as of the 23/03/2020...
Cyprus Corporate/Commercial Law

The following emergency measures have been taken by the Department of the Registrar of Companies and Official Receiver in Cyprus as of the 23/03/2020:

  1. The procedure for conformity as to filing of outstanding Annual Reports is postponed, and the Registrar of Companies shall not be proceeding with any publications for the three (3) month notice for strike-off of non-complying companies until January 2021
  2. With reference to payment of the Annual Levy of €350 for the year 2020, companies will now be allowed to effect payment up to the 31st December 2020, without any additional penalties (currently at 10% and 30%).
  3. No monetary penalty shall be imposed for any late filing fees, and this process is postponed until 2021.
  4. As to the filing of the Annual Reports for 2020, it is noted that any Annual Report with date of preparation being between 01/01/2020 until 31/12/2020 may be submitted with the Registrar of Companies up to and including the 28/01/2021 without the imposition of the late filing fee of €20. Companies are advised to wait for such filings for a few days, until the Registrar of Companies amends its online systems so as to exclude the monetary penalty fee.

Originally published 24 March 2020

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