Cyprus Company Registrar – Cyprus Company Registry
The Companies House in Cyprus is the place where all files and information about every company is kept, under the supervision of the Registrar of Companies in Cyprus. A Cyprus Company Register is kept in electronic form where all interested persons can enter and make a search. In this register, one can get online information such as the latest directors, shareholders, secretary, the registered office and much more. The Cyprus Companies House is a spacious,multistory building in which hundreds of employees under the guidance of the Registrar, are working very hard to keep pace with the ever increasing number of companies being registered every day. The register is one of the most extensive in the world. Foreign nationals are allowed to make a search of any company in the Cyprus Company Registry on payment of the prescribed fee. The names of the nominee directors or nominee shareholders are not revealed however to the public. Any person whether he is a lawyer or not can file a company for incorporation even if he is a foreign national, on payment of the fees due and provided the company has been signed by a licensed lawyer. The companies registrar, will in due time issue the M&A and certificates of incorporation. As the name suggests, the Registrar of Companies is the top official, appointed by the Government, specifically for the purpose of overseeing the sector of the registration of companies and their operation within the limits of the Law. He oversees the whole process of a company formation. Some of his duties are the issuing of the necessary incorporation certificates, the approval and use of a legally acceptable company name, the abiding by the company owners of all the regulations, the correct process and way of all changes in a company structure and finally the striking off a company from the register, or the voluntary winding up of companies and much more. According to the Law Cap 113, the Registrar has the power to intervene in the company formation and other formalities even months after a company has been incorporated and registered in the registry and correct any mistakes or illegalities that have taken place in the incorporation of any company. The offices of the Cyprus Company Registry are located in Nicosia in the Cyprus Companies House. Anyone is able to visit these offices and request information for any company. He can even inspect the file and take notes of all documents therein. No copies are given out however. Anyone can also visit the offices for filing any document in the file of his company or for filing a petition for new certificates of his or any other company. Filing Forms HE 32, HE 4, HE 57, financial statements and any other documents required by law can be done by any person. No need to be a lawyer. Some times the payment of a fee is necessary.
Cyprus Company Registrar Tax
By recent amendment of the company law, all companies registered in the company registry, must pay a yearly renewal fee of 350 Euro to the Registrar. This payment must be done for the years 2012 onward. One of the latest duties on the Registrar is to ensure that this renewal tax of 350 Euros for each company for each year is paid in time. Such fee is levied on all Cyprus companies whether active or dormant from the year 2012, and it must be paid by all companies by the 30th of June each year. If it is not then a fine of 10% is levied for the first two months of delay. Then a fine of 40% is levied, and if it is still not paid five months after the 30th of June, the Registrar’s duty is to strike the company off the records. The Cyprus Registrar of Companies, has the right to reinstate such company if within the first two years of being struck off the Company pays 500 Euros fine, and after that 750 Euros fine.
THE FILING OF FORM HE 32 WITH FINANCIAL STATEMENTS ATTACHED
One very important duty of every company is to file every year the Form HE 32 at the Cyprus Company Register in Cyprus Companies House. This form portrays a latest picture of the company and its officials. It must be filed with financial statements which give a fair and accurate review of the company`s financial standing. The Registrar by the provisions of the Cyprus Company law Cap 113 article 118, must ensure that each and every one of all companies registered must file a yearly report as prescribed by the article verifying the structure of the company and attaching its financial statements. In case of failure to file the said report stiff fines are provided for. For more information on our site follow the link below. He is also acting as the Official Receiver for bankruptcy cases of individuals and companies. Another or his very important role is for the registration of Patents, Trade Names and Trade Marks.
CYPRUS COMPANY LAW TEXT HERE