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Annual Return (HE32) – changes to the late submission charges

The late submission fees for the Annual Returns has been set at €150 (previous fines were set €500) following the decision of the House of Representatives.

The Annual Return (form HE32) is a statutory document that Cyprus companies must submit to the Company Registrar each year and it provide the general information of the company such shareholders, directors, company secretary, registered office etc and it is submitted together with the audited financial statements of the previous year.

Annual Levy for 2024

Every company that is registered in the Registrar of Companies has an obligation to pay a flat annual fee of €350 by the 30th of June of each year of its operation.  However, for 2024 following an announcement made by Government the annual levy of €350 for the year was abolished.

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