Reduction of the ceiling of the total fines and penalties imposed on Cyprus companies by the Registrar of Companies
The ceiling of the total fines and penalties that was valid until today and which is imposed by the Cyprus Registrar of Companies to Cyprus companies is reduced from € 500 to € 150 for the period until December 31, 2024, regarding the annual returns with a draft date within the years 2021 and 2022 and the difference is refunded to Cyprus companies that have already paid a surcharge of more than € 150, due to submission of their annual reports within the years 2021 and/or 2022
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