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PKF Cyprus

A member of PKF International. A global family of legally independent firms.

Cyprus Companies: Not complying with Cyprus Company Law (update)

The Cyprus Registrar of Companies in order to bring up to date the Cyprus Register of Companies commenced the procedure for deregistering Cyprus companies (under section 327 of the Companies Law) by sending letters to Cyprus companies that did not file their annual returns due together with the corresponding financial statements.

Moreover, the Cyprus Registrar of Companies commenced notifying Cyprus companies that failure to file annual returns (as required by Articles 118-121 of the Companies Law), within one month from the date of notice, the Registrar of Companies will proceed with the process of deletion.

Cyprus Registrar of Companies has also commenced notifying the Cyprus Tax Department its intention to proceed with the process of deletion. In this respect, Cyprus Tax Department has also commenced sending letters to Cyprus Companies warning of possible tax implication that may arise from imminent delisting.

How we can help

We can help you fulfill the obligations of your company with the Cyprus Registrar of Companies and Cyprus Tax Department. For more information please contact our offices:

[email protected]m.cy

 

PKF / ATCO Limited is a member firm of the PKF International Limited network of legally independent firms and does not accept any responsibility or liability for the actions or inactions on the part of any other individual member firm or firms. This publication is for information purposes only and should not be considered as professional advice.