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New Duty Fee, Annual levy by The registrar of Companies in Cyprus, please read!
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To make this forum handy and like a wiki to our users we from time to time collect the best threads available on our offshore forum! Below you find the links to various official / public available Registry of Companies in the major offshore jurisdictions around. You may want to bookmark this page because it will be updated on a regular basis when we have new threads add or old removed. If you have any questions or you think something is missing you're welcome to write to us and we will get it online if we find it relevant to the topic / forum. Thank you so ...02-23-2015, 03:21 PM
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CCLogic Offers Cyprus Company Formation Services at Affordable Rates Incorporating a company in Europe can be difficult and expensive, and this is why CCLogic has launched a service that will enable businesses to register their company easily and with the least cost possible. Cyprus company formation offers several advantages. First of all, the country has a unique tax system and has most of the benefits of a tax haven country. Secondly, it is an EU member since 2004 which ensures that it benefits from EU regulations, treaties and directives. It is also part of the white list of all the countri...01-30-2015, 03:22 PM
New Duty Fee, Annual levy by The registrar of Companies in Cyprus, please read!We are posting this, to inform you that on Friday 26 August, the Cyprus Parliament voted the first package of austerity measures in the form of tax amendments in order to improve Government finances and reduce the budget deficit.
As a result of such measures, a fixed annual levy of EUR 350 has been introduced, which is imposed on every Cyprus company, and capped at EUR 20,000 for companies belonging in a group as defined in Companies Law.
This levy will not apply to dormant companies, companies that do not own any assets, or companies that own property in a territory not controlled by the Republic.
The levy is payable by 31 December 2011 in relation to 2011 and by 30 June in respect of each subsequent year. To be clear, companies formed in 2010 or before, will be required to pay the 2011 levy by 31 December 2011, while companies formed in 2011 and prior will be required to pay the 2012 levy by 30 June 2012 etc.
In case where the levy is not paid within the prescribed period, if paid within two months from the due date, a penalty of 10% is payable and increased to 30% if the levy is paid within five months from the due date. If the levy is not paid within five months, the Registrar of Companies will remove the company from the registry (something which is expected to restrict the company from filing documents or requesting certificates from the Registrar’s Office). The return of the company to the registry can be effected within two years with the payment of a levy of €500 and thereafter with the payment of a levy of €750.
For more information or questions, post here in this thread or contact our corporate support (applies only for existing clients of CCLOGIC Ltd!)Posting comments is disabled.