Economides Legal - Totalserve Services Update

Legal services previously presented through the Economides Legal website are now included under Totalserve, as part of a clearer structure covering Legal, Tax, Corporate and Trusts.

Professionals previously appearing on the Economides Legal website will now also have Totalserve profiles and @totalserve.eu email addresses.

The Economides Legal website will remain available during the transition. For the latest service information and contact details, clients and associates are encouraged to visit the Totalserve website.

The announcement here.


Visit Totalserve Website

08 October 2020

Cyprus Company Annual Return submissions for 2020

HE-Submissions-EG.jpg

All Cyprus companies are required to submit once in every calendar year an Annual Return to the Registrar of Companies pursuant to Article 118 of the Cyprus Companies Act, Cap113, accompanied with the audited financial statements of the previous year.

Please note that due to COVID-19, the deadline of 18th December 2019 for the submission of all outstanding Annual Returns has been extended up to the 18th December 2020, pursuant to an amendment to the Cyprus Companies Act Ν38(Ι)/2020.

In case of non-compliance with the this obligation, the following administrative fines shall be imposed for every delayed submission:

  • an initial fixed penalty of €50 plus;
  • a charge of €1 for every additional day for the first six months after the deadline;
  • a charge of €2 for every day onwards with a maximum capped penalty of €500.

Failure to comply renders the company and every officer responsible for this omission criminally liable and subject to a fine.

For more information or assistance you may contact George Economides at george.economides@economideslegal.com

Latest News

Totalserve Enters a New Chapter

Legal 500 Cyprus 2026: Five Rankings. One Standard.

George Economides Featured in GOLD Magazine

Subscribe to our newsletter

Receive the latest news and events of our group as well as important industry updates.