Annual Levy abolished from 2024 onwards

The Department of Registrar of Companies and Intellectual Properties announced that, according to the Amending Companies Law 2024, N.25(I)/2024, published in the Official Gazette of the Republic on March 15, 2024, the annual levy for the companies registered in the Cyprus’ Registrar of Companies will be abolished from 2024 onwards.

However, it should be noted that the annual levies for the years 2011 – 2023 will continue to apply.

All companies that have already paid the 2024 annual levy, will be refunded according to method of payment used:

• For online payments made through JCC, the amount will be directly refunded to the card used for payment, without any further action required by the applicant.
• For payments made at the Department of Registrar of Companies and Intellectual Properties, the amount will be refunded to the applicant’s bank account after submitting the KE1 form, the payment receipt, along with the authorization form for payments from FIMAS, accompanied by a photocopy of the bank account statement to be credited, as described in the Authorization Form.