Form a Cyprus company
Cyprus yearly filings 2026

Cyprus annual fees and filings: what's left after the levy

Updated 11 November 2026Cyprus Registrar of Companies and the 2026 tax lawsAbout 10 minutes to read
The short answer

The €350 levy ended in 2024. A Cyprus company now pays the Registrar €20 a year for its annual return, has its accounts audited or reviewed, files its tax return by 31 January of the second year and confirms its owners between 1 October and 31 December.

Each of those has its own penalty. With us the whole year comes to €1,890.

Build my calendar Audit or review?
Gone since 2024 €0 annual levy, down from €350 a year Unpaid levies for 2012 to 2023 still count. From December 2026 they lead to strike off.

For years every Cyprus company paid €350 each June just to exist. That fee is gone, and what replaced it is cheaper but busier: one return, one set of audited or reviewed accounts, one tax return and one owner confirmation, each with its own date and its own fine. Put your formation date in once and you'll see all of them for the next two years.

Key takeaways

  • The only yearly Registrar fee left is €20 for the annual return, due within 28 days of the return date.
  • The first return falls 18 months after formation, then every 12 months.
  • Accounts are audited or reviewed every year, even for a dormant company. Small companies can use the lighter review.
  • From tax year 2026 the return and final tax are due on 31 January of the second year: 2026 is due on 31 January 2028.
  • Owners are confirmed every October to December. Missing it can cost up to €5,000.
  • Struck off? A director can restore the company for €20 within 24 months. After that it takes a court.
Chapter 1

The Cyprus annual levy is gone. Here's what replaced it

€350€20

Until 2023 the Registrar billed every company €350 a year, due by 30 June, with surcharges of 10% and then 30% for paying late. Law 25(I)/2024 abolished it from 2024 onwards. Then stamp duty on company filings went too, from 1 January 2026.

A Cyprus company in 2023
Annual levy, by 30 June€350
Annual return HE32€20
Stamp duty on filingsCharged
Fixed each year€370
The same company in 2026
Annual levy€0
Annual return HE32€20
Stamp duty on filings€0
Fixed each year€20

Older guides still quote €350 by 30 June. Ignore them for 2024 onwards, but not for the years before. A company that skipped a levy between 2012 and 2023 still owes it, and the Registrar started strike off for those unpaid years in December 2026: three months in the Gazette, then removal. If you're taking over an older company, ask for its levy history first.

1
Key takeaway

The fixed fee fell from €370 to €20. The work moved to accounts, tax and owners.

Chapter 2

Cyprus filing calendar: every date from your formation day

18MONTHS
A Cyprus company with Heirson, each year2026
Annual return fee, at cost€20
Office, secretary, accounts, review and tax return€1,870
Tax year 2026 return due31 Jan 2028
Your yearly total€1,890
Your own country may ask about the company too. Where you live: pick it

Cyprus has no single fee date. Two things set the calendar: the day the company was formed, which fixes the annual return, and the calendar tax year, which fixes everything at the tax office under Law 243(I)/2025.

Will the company make a taxable profit?

    The return date can be moved up to three months later within the same calendar year if the Registrar is told first.

    2
    Key takeaway

    Your formation day sets the return; the calendar year sets the tax office.

    Chapter 3

    Audit or review: which one your Cyprus accounts need

    The Registrar's guidance says a company must prepare audited financial statements and submit them with the tax return. There is no exemption for a dormant company. What changed is the size of the job: a small company can now have a licensed auditor review its accounts instead, under the ISRE 2400 standard, and the tax law, in s.5(1A) as amended by Law 243(I)/2025, now speaks of accounts "audited or reviewed".

    Turnover, in each of the last two years
    Total assets, in each of the last two years

    Limits for financial years starting on or after 6 February 2026, as Cyprus firms apply them; earlier years used a €200,000 turnover limit. Both tests must be met.

    3
    Key takeaway

    Every company has its accounts looked at each year. Small ones get the lighter review.

    Chapter 4

    Cyprus late filing penalties, priced by the day

    Cyprus counts lateness in days, not months. Annual returns dated 2021 onward follow the Registrar's late filing rules, tax returns s.50A of Law 243(I)/2025, and owner confirmations the beneficial ownership penalties. Pick what was missed and how late it is.

    What was missed
    How late
    Turnover or assets over €1 million?

    4
    Key takeaway

    A late return caps at €150. A missed owner confirmation can reach €5,000.

    Chapter 5

    The October to December owner confirmation

    Every Cyprus company keeps its beneficial owners in a separate register at the Registrar, and must confirm them once a year between 1 October and 31 December, even if nothing changed.

    Who sees itNot the public. Public access ended once the EU Court of Justice ruled on owner registers in November 2022. Authorities and banks doing due diligence can see it.
    Who files itThe company's officers, through the company's own profile. Personal logins need a Cypriot ID card, so founders abroad file through their secretary.
    Who pays the fineThe company, and its directors jointly, unless they show they took care. €100, then €50 a day, up to €5,000.
    5
    Key takeaway

    Three months a year to confirm your owners, every year, even with no change.

    Chapter 6

    What a Cyprus company costs to keep each year

    Only €20 is fixed by the Registrar. The rest of a Cyprus company's year is professional work the law requires: a secretary, an office, bookkeeping, a licensed auditor and a tax return.

    • Year one, with us€1,890
    • Year two on, with us€1,890
    • Owner confirmation 30 days late+€1,550
    • Tax return late+€250
    • Annual return 101 days late+€170
    Inside our €1,870 a year
    • Registered office and company secretary in Cyprus
    • The €20 annual return, filed before its date
    • Bookkeeping and accounts for a small company
    • The review by a licensed auditor
    • The tax return, by 31 January of the second year
    • Beneficial owner filings and the yearly confirmation
    • Every date in your dashboard, with reminders
    Not inside it
    • A full audit, if the company passes the review limits: quoted before you order, and it replaces the review
    • Any tax the company owes
    • Registrar certificates, €20 each at cost
    • Closing the company, priced before anything is filed

    Year one is €175 in Registrar fees plus our €1,715, so it is €1,890 too.

    6
    Key takeaway

    The same €1,890 every year, with the auditor's review inside.

    Chapter 7

    Struck off the Cyprus register, and the two ways back

    1. Return or old levy unpaidRegistrar's remindersCompanies sent reminders on 9 February 2026 have until 31 December 2026 to file.
    2. Gazette noticeThree months to actThe company's name is published as liable to be struck off.
    3. Strike offOff the registerThe company can no longer act. A bank or buyer sees a struck off company.
    4. Up to 24 months afterAdministrative restoration, €20A director or member files form HE64 with the Registrar, plus €20 for a faster decision.
    5. Up to 20 years afterRestoration by court order, €160The court's order is registered for €160, plus €20 if accelerated.

    Either way, the missing returns and their penalties are filed and paid as part of coming back. The Registrar fees are small; the cost is the lost months and the lawyer, if it reaches court.

    7
    Key takeaway

    Two years to fix it for €20. After that, a court.

    Chapter 8

    How to close a Cyprus company properly

    Where does the company stand?

    Timing matters less than in places with a yearly fee, because there isn't one. But each open year still needs its accounts reviewed and its tax return filed, so closing early in a year saves a full set of accounts.

    8
    Key takeaway

    Settle tax and creditors, file every return, then ask to be struck off for €20.

    Chapter 9

    Cyprus annual fees and filings: questions, answered

    ?
    Does a Cyprus company still pay the €350 annual levy?
    No. The levy was abolished from 2024 onwards by Law 25(I)/2024. Levies for 2012 to 2023 are still owed if they were never paid, and the Registrar began strike off for those unpaid years in December 2026.
    How much is the Cyprus annual return fee?
    €20 for form HE32, filed online within 28 days of the company's return date. The first return date is 18 months after incorporation, and every one after that falls a year later.
    What is the penalty for a late annual return in Cyprus?
    An overdue fee of €20, plus a penalty of €50 on the first day and €1 for each day after, capped at €150. The Registrar can also strike off a company that keeps missing returns.
    Does a dormant Cyprus company need an audit?
    It needs its accounts audited or reviewed every year, dormant or not. A company under €300,000 turnover and €500,000 assets for two years in a row can use the lighter review by a licensed auditor, for financial years starting on or after 6 February 2026.
    When is the Cyprus company tax return due from 2026?
    By 31 January of the second year after the tax year, for companies with audited or reviewed accounts. The return for tax year 2026 is due on 31 January 2028, and so is any final tax payment.
    When do I confirm the beneficial owners of a Cyprus company?
    Every year between 1 October and 31 December. Missing it costs €100, then €50 a day, up to €5,000, and a director can be held liable alongside the company.
    Can a struck off Cyprus company be restored?
    Yes. A director or member can apply for administrative restoration within 24 months of the strike off, for €20. After that, a court order is needed, within 20 years, with a €160 registration fee. Missing returns are filed as part of either route.
    What does Heirson charge each year for a Cyprus company?
    €1,890 a year: the €20 annual return fee at cost plus our €1,870, with the registered office, company secretary, small company bookkeeping, the accounts review, the tax return and the owner filings inside.

    Changelog

    • 11 November 2026: first published.
    • 13 November 2026: official sources linked inside the text.
    Your Cyprus company

    A Cyprus company with every date already in hand.

    We file the return, have the accounts reviewed, file the tax return and confirm your owners, for €1,890 a year.

    See the Cyprus company Cyprus tax, explained