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HOME  /  NEWS  /  IMPOSITION OF FINES DUE TO LATE FILING OF THE BELOW NOTIFICATIONS IN RELATION TO OVERSEAS COMPANIES- AMENDMENTS IN CYPRUS COMPANIES LAW (CAP. 113)

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Imposition of fines due to late filing of the below notifications in relation to overseas companies- Amendments in Cyprus Companies Law (CAP. 113)

As of 18th of December 2019, the Registrar of Companies shall impose an administrative fine to overseas companies in case of late filing of the below notifications with the Registrar of Companies. The administrative fine shall amount to €50 plus €1 every day onwards counting from the day the deadline was exceeded and shall not exceed the amount of €250 for each default.

1.  Notification for change of the address of the overseas company’s place of business within the Republic

Notice shall be submitted to the Registrar of Companies within one (1) month after the date of change

2.  Notification for the change of the details of its officers

Notice shall be submitted to the Registrar of Companies within fourteen (14) days from the date of the change.

3. Notification for the change of the details of the authorised representatives

Notice shall be submitted to the Registrar of Companies within fifteen (15) days from the date of the change.

Please contact us as soon as possible in order to ensure compliance with the above requirements and avoid any penalties.

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