In a recent announcement the Department of Registrar of Companies and Intellectual Property (the Registrar) announces that it intends to proceed to strike companies off the register pursuant to section 327(2A)(b) of the Companies Law, Cap. 113 (the Law) for failure to pay the Annual Levy for a period of one year from the date it became payable, as per section 391 of the Law.

Specifically, the companies that have not paid the Annual Levy for any year within the period 2012-2021, will be published in the Official Gazette of the Republic of Cyprus and the companies will be struck off the register three months after the date of publication, as per section 327(3)(c) of the Law, unless there is reason to the contrary.