On 15 February 2024 the Cyprus Parliament approved a proposal for a law amending the Cyprus Companies Law, so that the upper limit of the total penalty imposed on a company, in case it fails to deliver its annual company return (HE32) accompanied with audited financial statements to the Registrar of Companies and Intellectual Property within the prescribed period, is reduced from five hundred euros (€500) valid today, to one hundred and fifty euros (€150).
You can read our comprehensive guide on Cyprus Annual Company Returns here.
