Imposition of annual professional license fees on legal entities:

4-12-2019

The Limassol Municipality announces that following a City Council decision dated 26 September 2019 it has implemented the provisions of the Municipalities Law 111/1985 pursuant to Articles 104 and 105 and has decided to impose annual professional license fees on legal entities having a registered office and /or having their work performed and/ or managed by law firms and/ or accounting/ audit firms and / or offices providing secretarial services, as follows: 

•         For legal entities working independently, an annual fee of  €150,00

•         For legal entities in a group of companies, an annual fee of €85,00 per legal entity

•         For inactive legal entities (dormant companies), an annual fee of €50,00

Prior to making the above decision, the Limassol Municipality had consulted with the Limassol Chamber of Commerce and Industry, the Cyprus Employers and Industrialists Federation, the CIPA, the ICPAC and the Limassol Bar Association.

For more information or clarifications, you can contact the Limassol Municipality Taxes Office at 25884400 during business days and hours as well as at taxesoffice@limassolmunicipal.com.cy 

The annual trade license fees are payble by 31 March 2020.