M. Target Group would like to kindly remind that in accordance with the Companies Law all registered entities in Cyprus are obliged to pay the Annual Registrar Fee of €350, payable until 30 June 2022. Please be also reminded that late payment may result in the following penalties:

• 10% penalty when there is up to 2 months delay;
• 30% penalty when there is a delay between 2 to 5 months.

Non-payment of the annual levy to the Cyprus Registrar of companies will result in de-registration (which will not allow the company to submit documents or request any kind of certificates from the Registrar of companies).

Please refer to our Tax Calendar for the year 2022, so that not to miss any important tax due dates and deadlines. M. Target Group specialists remain at your disposal should you require any further information, clarification or professional assistance with the settlement of the Annual Levy.