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New Duty Fee, Annual levy by The registrar of Companies in Cyprus, please read!

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  • Offshore Company Formation
    Admin
    The below is a list of consultancy firms, legal & accounting services who are able to help you control and manage your offshore company should your current agent not be able to help you. The use of the below listed offshore company service providers is used at own risk. CCLOGIC Ltd can't be held responsible for any lack of service provided.

    The below list of offshore incorporation services is a service provided free of charge to our current members of this forum in an effort to...
    Cyprus company formation and offshore companies for businesses and personal use! We offer a wide range of services from company formation to offshore banking in lots of different jurisdictions.
    09-10-2014, 11:47 AM
  • New Virtual Office Services Available - Update - 2014
    Admin
    We are please to inform you that our Virtual Office Service with phone / land line in the Seychelles is back again, together with the following additional services.

    Seychelles Virtual Office
    • Seychelles Virtual Office with phone / land-line
    • Mail forwarding and Seychelles postal address
    • Land-line lease for 12 months
    Total costs first year EUR 995

    UK Virtual Office
    • UK Virtual office with phone / lan-line
    • Mail forwarding and UK postal address
    • Land-line lease for
    ...
    04-09-2014, 09:56 AM
  • Thrilling Introduction to Cyprus Company Formation for New Business Communities
    Admin
    Business or investment is the best way to earn money on regular basis. In these days, most people try to commence small scale business just for sake of profit and not for loss. Usually they prefer to establish private as well as cooperative companies that can yield them maximum output at minimize cost. Thus, everyone seeks for a business that can deliver more benefits at smart or less cost. If you want commencing a business, then you should choose the most fertile or beneficial place or area....
    04-06-2014, 07:47 PM
  • Barclays in the Seychelles just rised the minimum balance,need new offshore bank!!
    ebaywins09
    Hello, I just got informed that Barclays in the Seychelles rised the minum balance for corporate bank accounts to USD 100,000 and personal accounts to USD 50,000 this is much more than what I have in my account on a annual basis Can anyone please suggest a new offshore bank which don't have these insane minum deposit amounts? Here is what I got from Barclays Bank in the Seychelles: Dear Esteemed Customer Barclays Bank (Seychelles) Ltd a member of the Barclays Group has been pioneering in providing world class service to all our customers including those in the offshore sector. We continously strive to find ways to bring world class banking faciliti...
    01-16-2012, 05:55 AM
  • New - Visa Platinum Debit Card for Bank of Piraeus in Cyprus
    Admin
    First of all we want to whish you a Happy New Year and all the best for 2012.

    We have some exciding news which we want to share with you. One of our partnered banks, Bank of Piraeus, has changed the cards they provide to foreign account holders. What does it mean for you is that as an existing client of the bank or a new customer can easily obtain a Platinum Debit Card, which can be used in any store, ATM and on the Internet where the Visa Logo appears.

    Below we have outlined the key information and already answered the most frequently important questions we got asked already.

    What is the credit limit?
    • If the limit is up...
    01-06-2012, 10:10 AM
  • New Duty Fee, Annual levy by The registrar of Companies in Cyprus, please read!
    Admin
    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 p...
    11-10-2011, 08:41 AM
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  • 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!)

    • kuntobunto
      #1
      kuntobunto commented
      Editing a comment
      This apply for dormant and active Cyprus companies right?
    Posting comments is disabled.
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