Apparently I missed submitting a checkbox last year and I owe the government 5000 euros.
For a company that had no changes to the ubo, had all its financials and documents submitted, but had a click missing on a checkbox.
Funny thing, to click the checkbox for 2025, I have to "herby claim that I understand bla bla of the fee of 2024".
Bull$hit man. Siga my doko 5000 euros.
Also, we totally did click the checkbox last year. Damn even in the TV series Lost missing the button wasn’t that big of a deal.
https://i.redd.it/ys93unjt1t8g1.jpeg
Posted by phr34k0fr3dd1t
7 Comments
The regulation is that you MUST update UBOs. If you don’t, you will get fined. The fine is not random, it is specifically applied because you failed to follow the regulations, for whatever reason.
me too brother, me too. Thing is i did that last year, apparently i did it wrong because there’s confirm ubo button and then there’s a complete confirmation button or something like that which i missed. I sent an email, been calling everyday, no response
Let me make something clear, Cyprus is the only country that has a daily fine, and it used to be 100 a day for up to 20,000.
The fines are random. We are more fortunate than some other EU countries, where the fees are higher.
And just to be clear, why I’m ranting, is because the system that some of you are defending so much, has failed me and many others.
I have yet to miss a submission, and yet, I am fined an arbitrary amount, that has no basis (daily fines, as if the government is imposed a daily fine from the EU).
Give me a break. Downvote if you will. It’s ridiculous and you’re defending it.
https://preview.redd.it/u9a1jvzvbw8g1.png?width=1080&format=png&auto=webp&s=1944d625f520e36482d048d0fb6140866edaa623
The laws about company registrations in Cyprus are very clearly made to be complicated and painful enough to make you hire a service to do it for you.
I wonder if there are lots of these services on the island and they maybe have lobbied for such rules.
Before anyone tells me this is due to EU or FACT and AML, sorry that is nonsense, in Denmark, a country not known for facilitating half as much shenanigans with companies registered there, managing this stuff can be done on a mobile in seconds, no need for accountants and lawyers.
Same boat and i actually hired a consultant to do it, apparently he submitted it and it could be a bug in the system as the system was introduced recently, lets see, one ting for sure i am not paying that
Thank God I noticed that email. My boss would ve probably had me.
What are complaining about? A 5k fine from 2024, and at the of 2025 you are still not in jail? In the UAE it would have been really fast and fines are much higher.