Annual Levy strike-off for unpaid years 2012-2021. The Department of the Companies has today, 3rd of November 2022 announced that it will strike-off of the register of incorproated entities any Cyprus company that has not paid any annual levy for the years of 2012 untill 2021.
In August of 2022, while everyone was on vacation the Department of Companis published in the official gazette almost 300 pages of companies that it has stuck off the registrar. With this in mind, and without a doubt if your entity has an unpaid levy for the years 2012 until 2021 then they will notify you and ask for payment.
Annual levy
Section 391 of the Cyprus Companies law requires every entity registered with the department to pay annual levy. Although discussions to eliminate this levy have been ongoing it seems that we are far from its abolishment.
Strike-Off
The Department of Companies in Cyprus has this right stike-off a company if it does not pay its annual levy, in accordance with Section 327(2a) (b) of the Cyprus Companis Law to strike.
