Question about Cyprus company duty fee?

[biskoffshore]

I read /forum/articles/59555-new-duty-fee-annual-levy-by-the-registrar-of-companies-in-cyprus-please-read and wondering if all companies resident and non resident have to pay this duty fee?


If I buy a ready-made / dormant cyprus company, will the fee's have been paid. I mean, if the company is aged?

 

[JohnLocke]

All Cyprus companies have to pay this fee once every year.

 

[plotoffshore]

How much is the duty fee to be paid?

 

[JohnLocke]

Eur 500 plus filing fee.

 

[biskoffshore]

OK. That's regardless turnover and any sales volume in the company right?

 

[JohnLocke]

OK. That's regardless turnover and any sales volume in the company right?

Yes it is the same, no change..

 

[protain]

Well, the question is not answered Admin? sorry! but if we buy a dormant company registered in Cyprus say it is registered in 2009, what about the duty fee for 2010/2011/2012/2013 and 2014 are they paid or have we to pay backwards for them as well? are these fees included in the total costs of the dormant company?

 

[Spinat]

When you buy / acquire a dormant company these fees shall have been paid otherwise the company is not in good standing and you wont be able to obtain such a Certificate of Good Standing for the company. This certificate should anyway follow with all the other corporate documents when you acquire a ready-made company!

 

[buzzoffshore]

Does other offshore countries have similar duty fee?

 

[cosmo]

Not many have them. I know at least Seychelles, Belize, Panama, BVI, Costa Rica and so forth don't have them!

 

[JohnLocke]

I agree with pucket... not seen this with other offshore jurisdictions so far!

 

[stuntbiker]

That's great I'm a little tired of paying all these fees for nothing.

 

[Spinat]

If you do money in Cyprus and don't pay tax than the duty fee should not be your headache at least!!

 

[cosmo]

Pay the fee and be fine with it, no need to do long discussions about it while it is mandatory to be paid, otherwise they will take of your company from the registry and fine you personally like they do in the Seychelles!

 

[bionixlaunch]

You can find more information about the duty fee at the government page http://www.mcit.gov.cy/mcit/drcor/drcor.nsf/index_en/index_en

 

[quickfix]

The duty fee has to be paid each year, no way around!

 

[biskoffshore]

thanks for all your replies, everything good and paid

 

[Sany zeth]

send me the link where you have read that..