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HE32 returns, audited financials, UBO confirmations, provisional tax and tracking deadlines help your company avoid penalties and strikes, making compliance feel manageable and within your control.
Cyprus corporate law
Companies advised
Recognized member
Serving clients
LATE HE32 ANNUAL RETURN
The capped penalty has been applied since 2024, applied every year you're late, not once.
UNFILED UBO CONFIRMATION
Issued with no warning once the Registrar's window closes.
COMPANY STRUCK OFF
Plus thousands in restoration costs, the moment strike-off is published.
Ongoing compliance management costs less every year than one missed filing does, once.
THE REAL PROBLEM
A Cyprus company's annual obligations include the HE32 return (due within 28 days of the AGM), audited financial statements, the corporate tax return, two provisional tax installments, and, for VAT-registered companies, quarterly VAT4 and monthly VIES filings. Miss the pattern, not just one date, and penalties stack.
The 2024 reforms changed the rules, and not everyone noticed. We ensure your compliance adapts seamlessly to these recent legal updates, so you avoid penalties and stay current.
The €350 annual levy was abolished from 2024, and the HE32 late penalty dropped from €500 to €150 the same year. Good news on paper, but companies still filing under the old rules are the ones most likely to miss what actually changed, such as the UBO Register's confirmation cycle.
The Registrar opens a defined annual window for confirming beneficial ownership. Treat it as a “whenever we get to it” task, and the fine arrives with no warning first.
Nobody owns the full picture. Our service offers a complete, integrated view of all your compliance obligations, ensuring no deadlines are overlooked and reducing your risk of penalties.
Accountants file the tax return. A separate provider files the HE32. Someone else was supposed to handle the UBO update. We coordinate with all parties involved to ensure seamless compliance across your team and eliminate gaps.
01
Mapped against your actual calendar, not a generic checklist.
02
Tax return, HE32, UBO confirmation, each has an owner, and we make sure it's us.
03
A plan to catch up immediately, not a scramble once the fine arrives.
HOW WE HELP
HE32, audited financials, corporate tax return, provisional tax, VAT and VIES if registered, UBO confirmations, all mapped to your specific dates.
Filed within 28 days of your AGM, every year, with your officer and share capital details current.
We work directly with your auditor so that financial statements reach the Registrar alongside your HE32.
Filed inside the Registrar's annual window, and updated immediately whenever ownership changes.
Corporate tax return and both provisional tax installments flagged well ahead, coordinated with your accountant.
When the Registrar updates a rule, we inform you before it impacts your company, helping you feel prepared and in control of compliance changes.
WHY NAKLAW
We've managed compliance calendars through every major reform since 2003, including the 2024 abolition of the levy and reduced HE32 penalties.
Companies come to us after a missed UBO window or a struck-off notice more often than before. We've resolved both.
Recognized by Legal 500 for corporate and commercial legal work in Cyprus.
No vague promises to “keep you compliant.” You get the actual filing calendar for your company, dates included.
NOT SURE WHICH SERVICE YOU NEED?
ALREADY LATE
We resolve the immediate fine, bring the filing current, and set up monitoring to prevent this from happening again.
NO SINGLE OWNER
We map every obligation, assign clear ownership, and become the single point of accountability.
GROWING COMPLEXITY
We rebuild your compliance calendar around your new structure so nothing gets left behind.
JUST WANT IT HANDLED
We take over the full calendar, file everything on time, and only bring you in for decisions that need you.
Following the accession of Cyprus in the EU in 2004 and the abolition of the "offshore regime", Cyprus has maintained a simplified and effective tax system in full compliance with the EU and the OECD.
As a result of the above Cyprus has become a stable EU, "non-offshore" low tax jurisdiction with a beneficial tax regime for foreign businesses and individuals as well as a safe professional business environment.
Cyprus has one of the lowest-taxation rates within the EU, with a flat tax rate at 15% on profit. Cyprus offers additionally to its tax benefits, great advantages as a respectful and useful jurisdiction for holding companies.
It is important to indicate that the business climate in Cyprus is based on a free and open economy, offering first-class legal and financial expertise. It's very easy to fly in and out of Cyprus throughout the year.
When I faced unfair treatment at work, this incredible team stood by my side, fought tirelessly for my rights, and ensured that I finally received the justice I truly deserved
We take pride in delivering justice with integrity, dedication, and trusted legal expertise. Our clients’ voices reflect the true strength of our firm
An HE32 within 28 days of the AGM, audited financials, a corporate tax return, two provisional tax installments, and a UBO confirmation during the Registrar's window. VAT-registered companies: file quarterly VAT4 and monthly VIES. returns
No, abolished from 2024 onward. Unpaid levies from 2011 to 2023 remain outstanding, but no current levies apply.
Up to €150 since the 2024 reform, down from €500, applied per return
Fines apply automatically once the window closes, with no warning issued beforehand.
Yes, sustained non-filing is a leading cause, and it freezes bank accounts until a formal restoration is completed.
Accountants typically handle tax filings. HE32 returns, UBO confirmations, and registered office obligations are handled separately by the Registrar. We coordinate directly with your accountant.
Immediately. We map exactly what's outstanding, resolve what's urgent first, then bring the full calendar up to date.
Yes, we adjust the compliance calendar and UBO reporting to reflect your actual ownership structure, however layered it is.
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+357 25-352-352
info@naklaw.com
Anexartisias & Athinon, Nora Court, 2nd Floor, Office 201-202, 3040 Limassol, Cyprus
Get in touch with our legal experts today.
Cyprus compliance isn't complicated once someone actually owns the calendar. Let us own it so HE32 returns, UBO confirmations, and tax deadlines are handled on time, every year.
BOOK YOUR COMPLIANCE CONSULTATION
+357 25-352-352 · info@naklaw.com · Limassol, Cyprus