3016 Limassol, Cyprus

41, Misiaouli & Kavazoglou Street, 2nd Floor, Office 201

+357 25 87 14 14

41, Misiaouli & Kavazoglou Street, 2nd Floor, Office 201

+357 96 63 66 26

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Cyprus: Removal of the annual levy (€350)

On February 21, 2024, the President of Cyprus declared that the Council of Ministers had decided to eliminate the compulsory annual fee of €350, which has been obligatory for all businesses registered with the Cyprus Department of Registrar of Companies since 2011.

As always, M. Target Group specialists are available to assist you with any further information, clarification, or professional assistance regarding corporate matters.

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