Every Cyprus Company, registered in the Registrar of Companies, must pay to the Cyprus Government an annual fee of three hundred and fifty euros (€350) by 30th of June of each year of its operation.
It is noted that, if a company fails to timely pay the annual fee it is subject to a late charge as follows:
- For payment within two (2) months from the 30th of June (i.e. up until 31st August), the charge imposed equals to an additional ten percent (10%) on the original fee, thus making the total amount to be paid three hundred and eighty-five euros (€385);
- For payment within five (5) months from the 30th June (i.e. up until 30th November), the charge imposed equals to an additional 30% on the original fee, thus making the total amount to be paid four hundred and ninety euros (€490).
Companies belonging to a group, for which the total payable fees do not exceed the sum of twenty thousand euros (€20.000), complete and submit the application for the payment of annual fee by allocating the sum amongst the companies in equal parts.
We strongly suggest to settle your Annual Company Levy sooner rather than later. Such can be paid through JCCSmart portal. In that respect we have prepared detailed step by step instructions with screenshots which you can easily follow to make such a payment. You can find such instructions here.
Do not hesitate to contact us for any further clarifications you may need.
