On 21 February 2024, the Government announced a package of targeted supportive measures for the Cyprus economy. One of the measures was the abolition of the Annual Levy of €350 payable to the Registrar of Companies and Intellectual Property by all registered entities. The payment of the annual levy has been a statutory obligation for all companies registered in Cyprus since 2011. We would like to inform you that on 21 March 2024, the Department of the Registrar of Companies and Intellectual Property (the “Registrar”) announced that according to the Companies (Amendment) Law 2024, L.25(I)/2024, which was published in the…