ARTICLE
28 December 2016

Striking-Off Of Companies For Non-Payment Of Annual Maintenance Fees

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Elias Neocleous & Co LLC

Contributor

Elias Neocleous & Co LLC is the largest law firm in Cyprus and a leading firm in the South-East Mediterranean region, with a network of offices across Cyprus (Limassol, Nicosia, Paphos), Belgium (Brussels), Czech Republic (Prague), Romania (Budapest) and Ukraine (Kiev). A dynamic team of lawyers and legal experts deliver strategic legal solutions to clients operating in key industries across Europe, Asia, the Middle East, India, USA, South America, and China. The firm is renowned for its expertise and jurisdictional knowledge across a broad spectrum of practice areas, spanning all major transactional and market disciplines, while also managing the largest and most challenging cross-border assignments. It is a premier practice of choice for leading Cypriot banks and financial institutions, preeminent foreign commercial and development banks, multinational corporations, global technology firms, international law firms, private equity funds, credit agencies, and asset managers.
On 15 December 2016 the Cyprus Registrar of Companies announced that companies which have not paid the annual fee prescribed by article 391 of the Companies Law Cap.
Cyprus Wealth Management

On 15 December 2016 the Cyprus Registrar of Companies announced that companies which have not paid the annual fee prescribed by article 391 of the Companies Law Cap. 113 within one year of the due date will be deleted from the register in accordance with article 327 (2A) (b) of the Companies Law. The details of companies which have not paid the prescribed fee for 2015 and earlier years will be published in the official government gazette and deleted from the register three months later.

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