Companies registered in Cyprus that do not proceed with the payment of the annual levy of €350 on time will be liable to penalties.
The deadline for the payment is 30/06/2016. If the levy is not paid until 30/06/2016, penalties will be imposed as follows:
It should be also noted that in case a company does not proceed with the payment of the levy by the 30th of November, the Registrar of Companies will have the right to strike off the company from its register. The company may be re-instated automatically and the Registrar will proceed with the correction in its register if:
Also note that companies with pending levy payments relating to previous years can also pay for these as follows: