28.02.24
Important Update - Abolition of the Annual Company Levy

On the 21st of February, the President of the Republic of Cyprus, announced the decision of the Council of Ministers to abolish the annual levy obligation of EUR 350.00, which was payable by all companies registered under the laws of the Republic of Cyprus to the Registrar of Companies since 2011.

This initiative signifies a robust commitment of the Republic of Cyprus to support local businesses by lifting such financial burden, hence creating a more favourable environment for entrepreneurship and investment.

 

 

Author
Chrysanthi Siantani
Associate Lawyer
legal@kinanis.com 

 

OUR FIRM

We are a Law Firm with offices in Cyprus consisting of more than 65 lawyers, accountants and other professionals, consulting international and local clients.

The Firm and its predecessors offer to their clients legal and advisory services since 1983. The Firm gradually evolved over the years, from one traditional law Firm into an innovative pioneering Law Firm that combines exceptional expertise in corporate law, trusts, taxation, VAT, accounting, litigation, financial services, labour law, migration and technology.

Since its establishment, the focus of the Firm has been largely oriented towards corporate businesses and always compatible with the latest global developments and innovations.

Drawing from the team of our experienced professionals, we provide to the clients' businesses our full legal, tax and accounting support on a daily basis as well as tailored solutions to today's global economic and legal challenges. Our Firm is constantly harmonizing and adapting to technological developments by providing a corresponding support to its customers.

It is our policy to anticipate and prevent any issues that may arise and impact our clients' businesses and offer effective advice, timely and proactive solutions.

We participate in the operations of our customers and have as our vision and pride to become part of their story having as flag, the motto "...Being part of their story is our pride..."

 

Kinanis LLC
Lawyers’ Limited Liability Company
12 Egypt Street
1097 – Nicosia

KinanisLLC@kinanis.com
www.kinanis.com