Cyprus ridiculous fees for strike off

[HavanaClub]

I have received a calculation of fees from the secretary (IFBS) and it seems ridiculous. Could you tell me if its the market prices or its a typical situation with greedy secretary?

Annual fees for 16.01.2025-16.01.2026 – 1350 eur (okay)
Fine for late payment – 160 eur (okay)
UBO submission for 2025 – 350 eur (is it a average market price?)
Nill audit for 2024 – 940 eur (does not seem average market price for nil report)
Nill audit for 2025 – 940 eur (does not seem average market price for nil report)
Stike off – 4700 eur (dont know if its market price)
Tax clearance procedure – 4500 eur (what is this for?)
Annual fees for 16.01.2026-16.01.2027– 1350 eur (procedure for strike off lasts at least one year, okat can believe in this )
UBO submission for 2026 – 350 eur (is it a average market price?)
Certificate of strike off under apostille – 450 eur (questionable)
Dhl to EU – 200 eur (questionable)

Total: 15 290 EUR

Could someone explain how to get rid of the company for less? Should I leave it and not pay anything? These fees seem to be overinflated for all including - 1) striking off 2) nil audits 3) UBO submissions.

 

[CyprusLaw]

I have received a calculation of fees from the secretary (IFBS) and it seems ridiculous. Could you tell me if its the market prices or its a typical situation with greedy secretary?

Annual fees for 16.01.2025-16.01.2026 – 1350 eur (okay)
Fine for late payment – 160 eur (okay)
UBO submission for 2025 – 350 eur (is it a average market price?)
Nill audit for 2024 – 940 eur (does not seem average market price for nil report)
Nill audit for 2025 – 940 eur (does not seem average market price for nil report)
Stike off – 4700 eur (dont know if its market price)
Tax clearance procedure – 4500 eur (what is this for?)
Annual fees for 16.01.2026-16.01.2027– 1350 eur (procedure for strike off lasts at least one year, okat can believe in this )
UBO submission for 2026 – 350 eur (is it a average market price?)
Certificate of strike off under apostille – 450 eur (questionable)
Dhl to EU – 200 eur (questionable)

Total: 15 290 EUR

Could someone explain how to get rid of the company for less? Should I leave it and not pay anything? These fees seem to be overinflated for all including - 1) striking off 2) nil audits 3) UBO submissions.

The fees are too high yes.

Leaving the company could create personal liability on you and therefore it is certainly better to close it.

 

[HavanaClub]

Is there any chance to move the company to another secretary and strike off the company through them?