Company law

Recent Amendments to the Cyprus Companies Law

Recent Amendments to the Cyprus Companies Law Cap. 113 (Law 149(I)/2018) – with an aim to modernize and streamline the filing and registration requirements and processes with the Registrar of Companies. Introduction of Administrative Fines for late filings The Registrar of Companies shall impose an administrative fine for late filing of the below notifications to the Registrar of Companies. The fine shall amount to €50 plus €1 for every day for which the default continues, such fine not to exceed the amount of €250 for each default – effective as of 18 December 2019: READ MORE