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We would like to bring to your attention that according to the Cyprus Company Law, Cap. 113 all Cyprus Companies are subject to an annual government levy of € 350.00 payable by 31/12/2020.

Non-payment of the annual government levy, will result in penalties and the de-registration (strike off) of the company from the registry of Cyprus companies.

The reinstatement of a Cyprus company to the registry can be effected only through Court Order.

If you would like to engage us to arrange the annual government levy payment, our handling fees are the following:

  • For the year 2019: € 50.00 + VAT per legal entity, totalling to € 549.50.
  • For the year 2020: € 50.00 + VAT per legal entity, totalling to € 409.50.

The details of our client’s account:

BENEFICIARY A/C:         240-01-482002-03 (EUR)
IBAN:                                CY69 0050 0240 0002 4001 4820 0203
SWIFT:                              HEBACY2N
                                           ARCH. MAKARIOU & IOANNI POLEMI 131
                                           3508 – LIMASSOL

When you initiate the payment, kindly refer the name of the Company as well as the year for which you are sending the funds e.g. LEVY 2020, ABC LIMITED.

We would highly appreciate it if you would proceed with the transfer of funds the earliest possible but not later than the 1st of December 2020.

Kindly note that our Firm will not be liable for any consequences of non-compliance in case you do not take any actions within the designated deadline.

For more information or clarifications, you can contact our Operations Compliance Officer Mrs. Vicky Koula at +357 25 50 80 80 as well as at


Thank you.


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