Abolition of annual levy for Cyprus companies

The House of Representatives of Cyprus decided yesterday to abolish the 350 Euros annual levy for Cypriot companies.

It should be noted that companies that have already paid the levy for the year 2024 will be refunded.

By lifting the annual levy, Cyprus aims to create a more favorable climate for entrepreneurship and investment. The abolition of the annual levy demonstrates an approach by the government to reduce business costs, thus encouraging both local and international businesses to establish and operate in Cyprus.

How Can We Help

Please contact us to share any questions you have about the above topic

Contact details Tel. +357 22 340000

Email: [email protected]

The authors expressly disclaim all and any liability and responsibility to any person, entity, or corporation who acts or fails to act as a consequence of any reliance upon the whole or any part of the contents of this publication.

Accordingly, no person, entity, or corporation should act or rely upon any matter or information as contained or implied within this publication without first obtaining advice from an appropriately qualified professional person or firm of advisors, and ensuring that such advice specifically relates to their particular circumstances.