Cyprus Annual Return Filing — Maintain Good Standing with the Registrar
Every Cyprus-registered company must submit Form HE32 along with audited financial statements to the Department of Registrar of Companies each year. We take care of the entire preparation and submission process — from compiling director, shareholder, and share capital details to coordinating with your auditors — so your company remains fully compliant under Cap. 113.
Understanding the Cyprus Annual Return (HE32)
Under the Companies Law, Cap. 113, every company registered in Cyprus is obligated to file an annual return — known as Form HE32 — with the Department of Registrar of Companies and Intellectual Property. This document serves as an official snapshot of the company's structural and ownership details at a given point in time.
The filing must be accompanied by audited financial statements prepared in accordance with International Financial Reporting Standards (IFRS), including a balance sheet signed by at least two directors, a profit and loss account, an auditors' report, and a management report.
Private companies with share capital submit the return electronically using Form HE32I through the Registrar's e-filing portal, while public companies and companies without share capital use Forms HE32D and HE32XK respectively.
What the Annual Return Must Include
Director & Secretary Details
Shareholder Register
Share Capital Structure
Audited Financial Statements
Financial statements must be approved at an Annual General Meeting before submission. New companies are exempt from submitting financials during their incorporation year and the following year under certain conditions.
Financial Statement Simplifications
New Companies
Small Companies
Dormant Companies
Subsidiary Exemption
The annual return itself (Form HE32) must be filed by all registered companies without exception — these simplifications relate only to the accompanying financial statements.
Penalties for Late or Non-Filing
Fixed penalty on first day
EUR 50 penalty imposed immediately once the 28-day filing window is missedDaily accrual
EUR 1 per day for each day the non-compliance continues beyond the first dayMaximum penalty cap
Total penalties are capped at EUR 150 per late annual return (for returns dated 2021 onwards)Involuntary strike-off
The Registrar may initiate proceedings to strike off and dissolve the company for persistent non-complianceCompanies with outstanding annual returns may be unable to obtain a Certificate of Good Standing, which is often required for banking, contracts, and cross-border transactions.
When to File Your Annual Return
The annual return must be submitted within 28 days of the company's annual return date. For newly incorporated companies, the first annual return date falls on the day after 18 months from incorporation. An extension of up to 3 months may be requested before the original deadline.
| Scenario | Annual Return Date | Filing Deadline | Notes |
|---|---|---|---|
| Company incorporated 6th January 2024 | 7th July 2025 | 4th August 2025 | First return (18 months + 28 days) |
| Subsequent annual return | 7th July 2026 | 4th August 2026 | Same date each year thereafter |
Your Cyprus Annual Return, Handled End to End
From coordinating with your auditors to preparing Form HE32 and submitting it to the Registrar, we take every step off your plate so you can focus on running your business.
Bundled with Your Compliance Plan
Annual return filing is part of your ongoing compliance package — no separate invoices, no unexpected fees.
Deep Knowledge of Cyprus Corporate Law
We understand the Companies Law, Cap. 113 inside out, ensuring every detail of your HE32 submission meets the Registrar's requirements.
Single Point of Contact
A dedicated relationship manager oversees your filing from start to finish, keeping you informed at every stage.
Proactive Deadline Alerts
We track your annual return date and send reminders well in advance, so the 28-day filing window never catches you off guard.
Seamless Auditor Coordination
We liaise directly with your auditors to gather the IFRS-compliant financial statements needed alongside your return.
One Less Compliance Obligation to Worry About
We handle the preparation, auditor coordination, and Registrar submission — your annual return is sorted without you lifting a finger.
Annual Return Filing at No Extra Cost
Your Cyprus annual return is covered under your compliance plan. Staying on the Registrar's good side shouldn't come with a separate price tag.
For Existing Customers
For Company Transfers
What's Included
Full Form HE32 preparation and review
Auditor coordination for IFRS financial statements
Electronic submission to the Registrar
Dedicated relationship manager throughout
Advance deadline tracking and reminders
How Your Cyprus Annual Return Gets Filed
A straightforward four-step process — from gathering your company details to submitting Form HE32 with the Registrar.
Get in Touch & Confirm Details
Reach out to us to kick off your annual return. We verify your company's annual return date, review director and shareholder records, and identify any changes that occurred during the period.
Auditor Coordination & Document Assembly
We liaise with your auditors to obtain the IFRS-compliant financial statements — balance sheet, profit and loss account, auditors' report, and management report — required alongside Form HE32.
HE32 Preparation & Registrar Submission
We compile all information into Form HE32, attach the audited financial statements, and submit the completed return electronically through the Registrar's e-filing portal.
Confirmation & Record-Keeping
Once the Registrar accepts the filing, we share the confirmation with you and update your compliance records. Your company's good standing with the Registrar is secured for another year.
Stay on Top of Your Cyprus Annual Return
We handle the preparation, auditor coordination, and Registrar submission — so you never have to worry about Form HE32.
Frequently Asked Questions
Everything you need to know about filing your Cyprus annual return with Expanship.
No. For Expanship-managed Cyprus companies, annual return preparation and submission are included in your compliance plan at no extra cost. If you are transferring a company to Expanship that has overdue HE32 filings, a fee of EUR 225 per outstanding return applies.
The return must be filed within 28 days of your company's annual return date. For newly incorporated companies, the first annual return date falls on the day after 18 months from incorporation. You may request a deadline extension of up to 3 months from the Registrar before the original deadline passes.
A fixed penalty of EUR 50 is imposed immediately on the first day of non-compliance, followed by EUR 1 for each additional day the return remains outstanding. The total penalty is capped at EUR 150 per late return (for returns dated 2021 onwards). Persistent non-filing may lead the Registrar to initiate strike-off proceedings against your company.
You'll need to supply up-to-date details on your company's directors, secretary, shareholders, and share capital structure. The return must also be accompanied by audited financial statements — including a balance sheet, profit and loss account, auditors' report, and management report — all prepared under IFRS.
Yes. Unlike some offshore jurisdictions where filings remain confidential, the Cyprus annual return is filed on the public company register maintained by the Registrar. This is a standard transparency requirement under the Companies Law, Cap. 113.
This service is available exclusively for Cyprus companies managed through Expanship. If your company is currently with another provider, you can transfer it to us and we'll take care of any pending annual returns as part of the onboarding process.
We recommend coordinating with your auditors well ahead of the deadline. If the accounts are delayed, we can help you request a 3-month extension from the Registrar (provided the request is made before the original deadline). Our team also liaises directly with auditors to keep the process moving.
We track every client's annual return date and send advance reminders with clear instructions on what's needed. Your dedicated relationship manager follows up personally to ensure all documents are gathered and the return is submitted well within the 28-day window.
Yes. Once the Department of Registrar of Companies processes your filing, we share the official confirmation with you. This serves as proof that your company has fulfilled its annual return obligation and remains in good standing on the register.
Questions About Your Cyprus Annual Return?
Whether you need help with Form HE32, have questions about filing deadlines, or want to understand what's required — our team is ready to assist.
