Annual Compliance in Cyprus
The annual corporate pack — filing the Annual Return (Form HE32) with the DRCIP together with the audited financial statements of the preceding year (filing fee €20), and keeping the beneficial-ownership (UBO) register current. A newly incorporated company's first HE32 is due within 18 months of incorporation, then annually. Late filing attracts an administrative penalty of €50 on the first day of default plus €1/day, up to €150 per overdue filing. NOTE: the €350 annual company levy was abolished from 2024 and is no longer a live cost.
7–20 business days
EUR
What we will need from you
Upload these once. They are stored encrypted and reused across every service you buy from us.
Form HE32 (Annual Return) made up to the return date
Audited financial statements of the preceding year
Attached to the HE32; all Cyprus companies prepare audited IFRS accounts regardless of size.
Beneficial-ownership (UBO) details and any change
Cost breakdown
Our fee and the government’s are always separate lines. Government fees are passed through at exactly what the authority charges — we add nothing to them.
| Annual Return (HE32) filing feeVERIFIED from the DRCIP late-filing penalty calculator page. Late filing: €50 on the first day of default plus €1/day, up to a €150 maximum per overdue filing (reference dates from 2021). | €20Read at source on 2026-09-10 |
| Annual company levy (€350) — ABOLISHEDonly if it appliesThe €350 annual company levy was abolished from 2024 by the Companies (Amendment) Law 2024 (deleting s.391 of the 2011 Law). Any unpaid levy for 2011–2023 remains due, but there is NO ongoing annual levy for 2024+ — do not present €350 as a current obligation. | No statutory feeRead at source on 2026-09-10 |
| UBO register filing / confirmation feeThe DRCIP operates the Cyprus UBO register (EU AML directives). | Confirmed before payment |
| Comriq professional fee | Fixed fee within 1 business day |
These are the authority’s published lines. Which of them apply depends on your filing — a schedule by headcount, capital or entity type is one line, not all of them — and the applicable line is confirmed before payment, at cost.
How it runs
You will see these exact stages update in your client portal as we progress.
Annual Return Prepared
HE32 prepared to its return date with the prior-year audited financial statements attached.
Filed with the DRCIP
HE32 and financial statements filed; €20 fee paid.
UBO Register Updated
Beneficial-ownership details confirmed / kept current with the DRCIP.
Ready to start?
This one is priced to your situation — most of what we do needs a local filing agent, so we scope it rather than guess. Tell us the specifics and we come back with a fixed quote and a confirmed timeline, within one business day.
Not sure this is the right service? A paid expert call is credited against your order.
Verified September 2026
Requirements and statutory fees are set by DRCIP, Companies Section (Annual Return HE32); DRCIP UBO register and change without notice. This page is general information, not legal or tax advice. Your engagement letter and quote are the binding documents.