Synthèse factuelle
In Cyprus, companies registered in Nicosia must file an annual return accompanied by financial statements once every calendar year with the Department of Registrar of Companies and Official Receiver. The annual return provides updated information about the company’s directors, shareholders, registered office, and share capital. The financial statements must comply with the International Financial Reporting Standards (IFRS) and be approved by the company’s board of directors before submission. The deadline for submission is within 42 days after the anniversary of the company’s incorporation date. Failure to file on time may result in penalties and administrative sanctions. The filing process is conducted electronically through the online portal of the Registrar. The official fees for submitting the annual return vary depending on the company’s authorized share capital, with a minimum fee currently set around €20. Source: Department of Registrar of Companies and Official Receiver, Cyprus (www.mcit.gov.cy).