We would like to inform you about an important announcement from the Nicosia Municipality, where our offices are located. In accordance with Articles 104 and 105 of the Municipality Law 1985 (111/1985), a decision has been made to impose an “Annual Professional License Fee” of €250 on all active companies using our office address, either as their registered office (official headquarters) or as their place of business. Please note that the relevant decision taken by the Association of Municipalities, applies to all municipalities within the Republic of Cyprus.
As per the announcement, the Nicosia Municipality has requested from our firm a list of all legal entities that either have their registered office at our address or conduct their business from here.
As your appointed directors, we have already submitted this information to ensure compliance, as failure to do so may result in criminal proceedings. Once we receive the relevant invoice from the Nicosia Municipality concerning the Annual Professional License Fee for your company or your client’s company, we will notify you promptly.
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