Reduction to the financial penalty for late submission of annual returns (Form HE32) relating to 2021 and 2022

On 9 June 2022, the Cyprus Companies Law was amended to reduce the maximum amount of the total financial penalty for late submission of annual returns relating to the years 2021 and 2022 from five hundred euros (€500) to one hundred and fifty euros (€150) for the period between 9 June 2022 and 31 December 2024.

The amendment stipulates that the Registrar of Companies and Intellectual Property shall refund the monetary difference to companies that have already paid a financial penalty exceeding one hundred and fifty euros (€150).

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We are at your disposal to assist you with the filing of your annual return HE32 of your Cyprus company.

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