Cyprus Company Law

Postponement of the Date of Imposition of Late Filing Penalties for the submission of Annual Returns – HE32

On 18 December 2020, the Registrar of Companies of Cyprus announced that in relation to the announcement made on 16 April 2020 and the Companies (Amendment) (No. 4) Law of 2020 published on 17 December 2020 in the Official Gazette of the Republic;

–          The date of application of the measure concerning the imposition of late filing penalties for the submission of annual returns – HE32, is postponed to 01 April 2021. The penalty fee starts from €50 and continues to increase from the first date of non-compliance at the rate of €1/day for the first 6 months and €2/day thereafter for a maximum penalty of €500.

–          For all other forms mentioned in the Companies Amending Law N149 (I) / 2018, i.e.  ΗΕ2, ΗΕ4, ΗΕ12, HE57, AE5, AE6, AE8 for changes in registered address, directors, directors’ occupation and addresses, allotment and transfer of shares, etc., a late filing fee not exceeding the amount of fifty euros (€50) upon the first day of non-compliance and a further charge of one euro (€1) for every day the failure to comply continues, up to the maximum amount of two hundred and fifty euros (€250) is applicable as of 18th December 2020.

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