We would like to inform you about the new high penalties for late filing of the Annual Returns for 2023 and onwards which were introduced by The Cyprus Registrar of Companies as from the 1st of April 2021. The due date for the 2023 Annual Return is 26/01/2024.

The new penalty fee starts from €50 and continues to increase from the first date of non-compliance at the rate of €1/day for the first 6 months and €2/day thereafter with a maximum penalty of €500.

It is highlighted that the annual return (HE32) of 2023 must be submitted together with the Financial Statements of 2022 in order to keep the company in good standing; you are requested to contact your auditors or accountants directly to speed up the preparation of the audited Financial Statements.

Globalserve is available to assist you to comply with the above requirements. Contact us at This email address is being protected from spambots. You need JavaScript enabled to view it.

Globalserve Team