On February 21, 2024, the President of the Republic of Cyprus announced that the Council of Ministers has resolved to abolish the annual levy of €350, which was payable to the Department of Registrar of Companies and Intellectual Property of Cyprus by all Cyprus registered companies.
This was further confirmed by the Registrar of Companies through their announcement on 22 March 2024. You can find the official announcement here which is however only issued in Greek.
The annual levy was payable by all Cyprus-registered companies since 2011. Annual Levy for the years 2011 – 2023 is still payable for companies which did not pay yet. What is abolished is the levy for 2024 onwards.
According to the legislation refunds will be given to companies which already paid their 2024 Levy. Information on how to receive the refund can be found in the official announcement link here.
