On the 21st of March the Department of the Cyprus Registrar of Companies and Intellectual Property announced that the annual levy of €350 is abolished from 2024 onwards. The annual fees for years 2011–2023 are still applicable.
It has also been clarified that the companies which have already settled their annual fee for 2024 will be refunded.
This measure will offer great relief and support to Cyprus companies and serves as a step to enhancing the local business environment.
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