The Department of the Registrar of Companies announced that from 2024 onwards, the annual fee for companies registered with the Registrar of Companies will be abolished. However, the annual fees for the years 2011 to 2023 will remain applicable, as per the statement.

As per the amended law on companies, which was published in the Official Gazette of the Republic of Cyprus on March 15, 2024, the annual registration fee for companies will no longer be required starting in 2024. The statement clarifies, “Annual fees for the years 2011 - 2023 continue to apply.”

Furthermore, the Department indicated that companies that have already paid the annual fee for 2024 will be eligible for a refund.