Establishment of a common policy regarding the imposition of a fee to carry on business on legal entities having their registered office at, and/or whose business is managed by, law firms or accounting/ audit firms or offices providing secretarial or administrative services

By virtue of the decision of the Union of Cyprus Municipalities dated 13.10.2020 regarding the establishment of a common policy for the imposition of a fee to carry on business on legal entities having their registered office at, and/or whose business is managed by, law firms or accounting/ audit firms or offices providing secretarial or administrative services, the Limassol Municipality announces that the applicable fees are as follows:

• For legal entities carrying out activities independently, the annual fee is set at €195.00
• For legal entities that are part of a group of companies, the annual fee is set at €111.00 per legal entity.
• For shipping companies (shipping Cos, Ship Owners & Ship Managers), the annual fee amounts to €150 per company.
• It should be noted that dormant companies are not subject to a fee. For the definition of “dormant companies”, the relevant Circular issued by the Inland Revenue Department dated 31.01.2014 is adopted.  

Click here for all details regarding the above policy, the definition of and requirements for dormant companies, group of companies, as well as special cases of exemptions/changes.