The Registrar of Companies has recently announced the following measures:

• The postponement of publishing the 3-month notice in the Official Gazette of the Republic of Cyprus for the strike off of non-compliant companies until January 2021;

• An extension for the payment of the annual levy of €350 for the year 2020. This may be made without the imposition of the 10% or 30% penalty until 31 December 2020;

• The postponement of monetary penalties for late submissions of statutory filings until 2021;

• The filing of the annual return for the period of 1 January 2020 until 31 December 2020 (ie for the year 2019) may be filed with the Registrar of Companies up until the 28 January 2021 without the imposition of a penalty;

By Marianna Karahanna
Corporate Lawyer leading the Firm's Corporate and Business Services

Photo: Barbara Cascao