Corporate Measures undertaken by the government in response to COVID-19

 

Cyprus: Corporate Measures undertaken by the government in response to COVID-19

 

As part of the measures taken by the Cypriot government to support companies/businesses affected by the restrictive measures which have been imposed in order to contain the spread of the coronavirus (COVID-19), the Department of the Registrar of Companies and Official Receiver (the “RoC”) has announced the following:

 

1. The process of publication, in the Official Gazette of the Republic, of the 3-months’ notice prior to the strike-off of companies that fail to comply with their obligations to file outstanding annual returns is suspended until January 2021;

 

2. The possibility of payment of the annual levy of €350 for 2020 is extended to 31 December 2020, without the imposition of the penalty of 10% and 30%;

 

3. The implementation of the monetary penalty for late submission of forms to the RoC – for example, for the change of directors and/or secretary (HE4), change of registered office (HE2), transfer of shares (HE57), allotment of shares (HE12), annual returns (HE32) etc. – is postponed to 2021; and

 

4. The annual returns (HE32) with preparation date from 01/01/2020 to 31/12/2020 may be submitted to the RoC by 28/01/2021, without the imposition of the additional penalty of €20 for late submission.

 

 

 

 

For further information on this topic please contact

Mrs. Liza Bokova( lbokova@pittaslegal.com ) at SOTERIS PITTAS & CO LLC,

by telephone (+357 25 028460) or by fax (+357 25 028461)

 

 

The content of this article is intended to provide a general guide to the subject matter. Specialist advise should be sought about your specific circumstances.

PUBLICATIONS 2022

European Court of Justice: the provision whereby t...
28 Nov 2022 07:06

    On 22 November 2022, the European Court of Justice held that the general public’s access t [ ... ]

read more
CYPRUS: Can English Schemes of Arrangements sancti...
24 Jun 2022 06:22

  CYPRUS: Can English Schemes of Arrangements sanctioned pursuant to the UK Companies Act 2006 be  [ ... ]

read more
Cyprus Funds eligible as Foreign Portfolio Investo...
02 Jun 2022 10:19

  Cyprus Funds eligible as Foreign Portfolio Investors in India   The Minister of Finance of In [ ... ]

read more
Cyprus: TAX- amendment to the Income Tax Law and S...
26 May 2022 07:43

  Cyprus – TAX- amendment to the Income Tax Law and Special Contribution for Defence Law for the [ ... ]

read more

PUBLICATIONS 2021

English guidance on the possibility of use of conf...
15 Dec 2021 09:42

  CYPRUS: English guidance on the possibility of use of confidential documents disclosed in arbitr [ ... ]

read more
Cyprus: Alternative Investment Funds – An Overview...
03 Dec 2021 09:31

  Cyprus: Alternative Investment Funds – An Overview   1. Types of available Alternative Inve [ ... ]

read more
CYPRUS: English guidance on the applicable legal p...
11 Oct 2021 07:56

  CYPRUS: English guidance on the applicable legal principles for setting aside an arbitral Award  [ ... ]

read more
The jurisdiction of the District Court to issue “v...
28 Jul 2021 07:05

  The jurisdiction of the District Court to issue “venire de novo” order   Another success  [ ... ]

read more
Enforcement of pledge under Cyprus Law and the sta...
06 Jul 2021 07:18

  CYPRUS: Enforcement of pledge under Cyprus Law and the statutory obligation of pledgee, to give  [ ... ]

read more
CYPRUS: Re-domiciling a British Company to Cyprus ...
16 Jun 2021 05:52

  CYPRUS: Re-domiciling a British Company to Cyprus due to Brexit   One of the main issues that [ ... ]

read more
Enforcement of Pledges under Cyprus law over share...
09 Mar 2021 09:34

  CYPRUS: Enforcement of Pledges under Cyprus law over shares of a Cypriot Company   A pledgee [ ... ]

read more
Powers of Pledgee, under Cyprus Law
18 Jan 2021 10:27

  CYPRUS: Powers of Pledgee, under Cyprus Law   Under Cyprus Law, a pledgee, in the event of de [ ... ]

read more

PUBLICATIONS 2020

English Guidance on which companies can be conside...
17 Dec 2020 10:05

  CYPRUS: English Guidance on which companies can be considered as “quasi partnerships”.    [ ... ]

read more
English Guidance on the grounds of winding up of c...
02 Dec 2020 08:12

  CYPRUS: English Guidance on the grounds of winding up of companies on the just and equitable bas [ ... ]

read more
Locus standing of shareholder to petition the wind...
29 Oct 2020 10:07

  CYPRUS: Locus standing of shareholder to petition the winding up of his company, on the Just &am [ ... ]

read more
BILATERAL AGREEMENT BETWEEN CYPRUS AND THE UNITED ...
15 Sep 2020 08:53

  CYPRUS: BILATERAL AGREEMENT BETWEEN CYPRUS AND THE UNITED STATES   The Cyprus Tax Department  [ ... ]

read more
ENGLISH GUIDANCE ON THE OBLIGATION OF A PARENT COM...
10 Sep 2020 12:07

  CYPRUS: ENGLISH GUIDANCE ON THE OBLIGATION OF A PARENT COMPANY TO DISCLOSE DOCUMENTS OF IT’S S [ ... ]

read more
Cyber Libel or Defamation committed through the In...
28 Jul 2020 07:35

  Cyprus: Cyber Libel or Defamation committed through the Internet and jurisdiction of Cypriot Cou [ ... ]

read more
Enforcement of Arbitral Award – Are the criteria o...
10 Jul 2020 08:19

  Cyprus: Enforcement of Arbitral Award – Are the criteria of Article IV of New York Convention  [ ... ]

read more
The Bilateral Treaty between Russia-Cyprus does no...
01 Jul 2020 13:53

  CYPRUS: The Bilateral Treaty between Russia-Cyprus does not give jurisdiction to Cypriot Courts  [ ... ]

read more
Corporate Measures undertaken by the government in...
23 Jun 2020 11:51

  Cyprus: Corporate Measures undertaken by the government in response to COVID-19   As part of  [ ... ]

read more
Cypriot Courts do not have jurisdiction to adjudic...
19 Jun 2020 07:16

  CYPRUS: Cypriot Courts do not have jurisdiction to adjudicate on an application for enforcement  [ ... ]

read more
What will happen to Cyprus Russia Double Tax Treat...
17 Jun 2020 08:47

  Cyprus -Russia. Cyprus Double Tax Treaty   What will happen to Cyprus Russia Double Tax Treat [ ... ]

read more
CYPRUS: English Guidance on the Correct Test to Ap...
04 Jun 2020 09:09

  CYPRUS: English Guidance on the Correct Test to Apply for Existence of Legal Advice Privilege  [ ... ]

read more
Guidance from common Law cases, regarding the requ...
20 May 2020 06:40

  CYPRUS: Guidance from common Law cases, regarding the requirements to be met by an Applicant for [ ... ]

read more
Power of the Court to Order the Continuation of a ...
04 May 2020 08:44

  CYPRUS: Power of the Court to Order the Continuation of a Mareva Injunction and Receivership Pos [ ... ]

read more
CYPRUS: Creditors who have locus standi to petitio...
14 Apr 2020 13:48

  CYPRUS: Creditors who have locus standi to petition the winding up of a Cypriot Company   Sec [ ... ]

read more
Soteris Pittas & Co LLC contributes the Cyprus Cha...
06 Apr 2020 13:14Soteris Pittas & Co LLC contributes the Cyprus Chapter for the 12th edition of the Dispute Resolution Review

  Soteris Pittas & Co LLC contributes the Cyprus Chapter for the 12th edition of the Dispute R [ ... ]

read more
Necessary Ingredients for Ascribing Accessory Liab...
05 Mar 2020 13:21

  Cyprus: Necessary Ingredients for Ascribing Accessory Liability to Third Parties for Dishonest A [ ... ]

read more
Cyprus: Attributing the Knowledge of a Person to t...
13 Feb 2020 08:52

  Cyprus: Attributing the Knowledge of a Person to that of the Corporation   On the issue of at [ ... ]

read more
Security for the Loan. Fixed and Floating Charges ...
05 Feb 2020 08:59

  Security for the Loan. Fixed and Floating Charges under Cyprus Law.   Charges under Cyprus la [ ... ]

read more
When a Cypriot Company shall be deemed “insolvent”...
30 Jan 2020 08:02

  CYPRUS: When a Cypriot Company shall be deemed “insolvent”, thus giving jurisdiction to Cypr [ ... ]

read more
More Publications 2020

Subscribe to our Publications

Image
We are dedicated to providing our clients with outstanding, highly personalized, legal representation.
Chrysanthou Mylona 10 
3030 - Limassol, Cyprus
© Soteris Pittas & Co LLC. All Rights Reserved.
Image