Every Cyprus company files an annual return, the HE32, with the Registrar of Companies. The first one is made up to a date no later than 18 months after incorporation. After that, the return date falls one year after the date of the last return, and the filing must reach the Registrar within 28 days of that date, with the previous financial year’s financial statements attached.
Miss it and the meter starts: €50 on the first day, then €1 per day, capped at €150, plus the €20 filing fee (Companies (Amendment) Law N.18(I)/2024). The fine is the small problem. A company that stops filing can be struck off the register and dissolved by the Registrar, and restoring a struck-off company costs far more, in time and in fees, than filing on time ever would.
If your company’s returns have slipped, the cure is straightforward.
Sources
- DRCOR late-filing penalty calculator (N.18(I)/2024 figures)
- Corroboration: Eurofast on the 2024 amendment
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