Flat annual fee for companies for 2023 to be paid by 30 June 2023

Flat annual fee for all companies registered in the Cyprus Companies House

Every company, registered in the Registrar of Companies, has an obligation to pay a flat annual fee of €350 to the Registrar of Companies by the 30^thof June of each year of its operation.

It is noted that, if a company fails to timely pay the annual fee it is subject to a late charge as follows:

for payment within two (2) months from the 30^thof June (i.e. up until the 31^stof August), the charge imposed equals to an additional ten percent (10%) on the original fee, thus making the total amount to be paid €385
for payment within five (5) months from the 30^thof June (i.e. up until the 30^thof November), the charge imposed equals to an additional 30% on the original fee, thus making the total amount to be paid €490

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I was anxious to find a partner in Cyprus that I could trust and rely on since I did not live in country. I had many questions, some about accounting, taxation, government regulations, and general management that George graciously answered and assisted me with over the years. Our company has relied on his expertise, and he was always open to help and give the advice, even outside the confines of the normal scope of business. As a co-founder in a hospitality startup, finding a local partner to help your company grow is one of the hardest things to find, but with George we hit the jackpot.

Adam R.

Our experience with Savvides Audit Ltd has always been smooth and delightful, they are well-organized, accurate and experienced in accounting and taxation. Mr. George Savvides is a very responsive person, accurate, and knowledgeable and has always come through for our company, consistently exceeding all our expectations.

Jouly K.

I’ve known Mr George Savvides for more than 15 years over which we’ve been provided with exceptional service. George has a solid background and expertise as an auditor and is also highly regarded for his advisory services on transactions and restructuring. George Savvides has the talent to respond quickly, yet thoroughly with solutions, and his expertise spans a wide range of sectors. He consistently stays up to date on all regulatory developments and always serves our best commercial interests. It all together makes a very valuable combination for our business.

Armands S.

George has been my close friend and ally since 2017. With his professional service I have seated up several companies and acquired properties. He also helped me to obtain a Cyprus citizenship! Today George is my trustful accountant and advisor, I would recommend anyone who is looking for a trustworthy professional to consider George!

Alexander T