Abolishment of the annual fee / company levy (€350)

On 21 February 2024, the President of the Republic of Cyprus announced the decision of the Council of Ministers to abolish the annual fee / company levy of €350, which has been a mandatory requirement for all companies registered with the Department of Registrar of Companies and Intellectual Property of Cyprus since the year 2011.

The abolishment will be effective from the year 2024 onwards.