Guidance

After redomiciliation of the registered office to the Republic

Registering with the Tax Department

The company is obliged within sixty (60) days from the date of issue of the certificate of continuation, to to apply for Taxpayer’s registration for registration with the Tax Department and for obtaining a tax number.

At the same time, any natural or legal person residing or is registered in the Republic of Cyprus, that has made taxable supplies of goods and services within the last twelve (12) consecutive months or will be making such taxable supplies of goods and services over the amount of €15.600 in the next thirty (30) days, is required to submit a supplementary form for VAT Registration.

Registering with the Social Insurance Services

Every employer is obliged to register in the Employers Register of the Social Insurance Services by filing an application for employer registration. If the employer has a branch in different districts or is engaged in more than one economic activity, he must register separately for each district or economic activity.

Registering a Trade Mark

You are advised to register your business' trademark with the Intellectual and Industrial Property Section so that you can differentiate your products and services in the market.

Corporate Compliance

The company and every officer of the company has an obligation to notify the Registrar of Companies of any change to the company’s particulars such as, change of name, change of directors and secretary, change in share capital, change of registered office, registration of charges on company’s assets, amendment of memorandum of incorporation and/or articles of association etc.

At the same time, once every calendar year, the company must prepare its annual return up to and including its reference date and submit it to the Registrar of Companies along with a copy of the company’s accounts.

At the end of each tax year, the company must prepare audited financial statements and submit them along with the tax return to the Tax Department.

Additionally, it should be noted that every company is obliged to pay an annual fee equal to the amount of three hundred and fifty euros (€350), by the 30th of June of each year.