The Cyprus Department of the Registrar of Companies and Intellectual Property has announced that the annual company fee for registered companies has been abolished from the year 2024 as per the Companies (Amendment) Law 2024, L.25(I)/2024, which was published in the Official Gazette on 15 March 2024. The Law also provides for the refund of the EUR 350 annual fee for companies that have already paid the fee for 2024.