As part of the latest
amendments to the Cyprus Companies Law, Cap. 113, the Registrar of Companies
shall impose administrative fines for certain late filings, effective as from
the 18th of December 2019.
In particular, for the
late filing of the company’s Annual
Return (HE32), the Registrar of Companies shall impose an
administrative fine amounting to a fixed penalty of €50,00 plus an additional
charge of €1,00 for every day for which the default continues within the first
6 months and then €2,00 for every day thereafter for which the default
continues. However, such administrative fine shall not exceed the amount of
€500,00 for each default.
The Annual Return
(HE32) is always accompanied by the... Continue reading