The annual return of a Cyprus company must be made up to date until the Cyprus company’s annual return date and, must be filed at the Department of the Registrar of Companies of Cyprus within twenty-eight (28) days from its drafting date. The company’s annual return date is defined on the basis of the below:
- In the case of a new Cyprus company, the drafting date of the annual return is the day following the expiry of the period of eighteen (18) months from the date of the incorporation of the Cyprus company. For example, if the Cyprus company was incorporated on 6th January 2017, the annual return must be drafted up until 7th July 2018.
- In the case of an existing Cyprus company, the drafting date of the annual return is the date on which one (1) year lapses from the drafting date of the last filed annual return. For example, if the drafting date of Cyprus company’s last filed annual return was 5th December 2017, the next annual return must be drafted by 5th December 2018.
It is noted that it is not possible to file an annual return that has a drafting date of the same calendar year as the last filed annual return.
Extending the Annual Return Date to a later date for Cyprus company
The annual return date of a Cyprus company may be extended, by notifying the Registrar of Companies of Cyprus of the new annual return date of the company before the expiry of the annual return date for that specific year. The new annual return date may not exceed 3 months from the annual return date of the Cyprus company nor can it extend beyond the last day of the calendar year. For example, if the return date for a Cyprus company is 30/10/2018, the notification to extend the return date must be submitted to the Registrar of Companies of Cyprus until 29/10/2018 and the new date must not exceed 31/12/2018.
The late filing fee for the overdue filing of annual returns for Cyprus Companies
As of 18/12/2020, the overdue filing of annual return is subject to a late filing fee not exceeding the amount of fifty euros (€50) upon the first day of non-compliance and a further charge of one euro (€1) for every day the failure to comply continues for the first 6 months, raising up to two euros (€2) for every day thereon the failure to comply continues, up to the maximum amount of five hundred euros (€500).
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