Guidance

Amendment of charge

An overseas company, registered with the Registrar of Companies, must submit to the Registrar of Companies for registration the particulars of every amendment of a charge or an assignment of a charge, or any change in the particulars of the beneficiaries of a charge or an assignment of a charge, with form ΑΕ7Ε(2) within:Twenty-one (21) days from the date of the amendment or the assignment of the charge, if the charge was created within the Republic and relates to property situated within the Republic.

• Forty-two (42) days from the date of the amendment or the assignment of the charge, if the charge was created outside the Republic and relates to property situated within the Republic.
• Twenty-one (21) days from the date that the copy of the document amending or assigning the charge is received in the Republic, if the charge is created outside the Republic and, the property subject to the charge is situated outside the Republic.

It is noted that any person “interested in the charge” may proceed with the registration of the amendment of the assignment of the charge, within the above timeframes by submitting to the Registrar of Companies form ΑΕ7Ε(2).

Submission of an amendment or an assignment of a charge

You may submit the particulars of every amendment of assignment of a charge which was created by the company (form ΑΕ7Ε(2)), by hand/post, accompanied by:

• the stamped document amending or assigning the charge, in case the amendment, the assignment or the amendment of the assignment of the charge was made or is proved by a document; ;the respective amount depending on the value of the charge:
  • €140 (€0-17086,01);
  • €240 (€17086,01 – 34172,03);
  • €380 (€34172,03 – 85430,07);
  • €540 (€85430,07 – 170860,14);
  • €640 (over €170860,14);
• an additional fee of twenty euros (€20) if the accelerated procedure is required;
• a court order extending the time of submission (if the relevant form was not filed within the above timeframes), accompanied by an additional fee of twenty (€20) euros;
• certified translation of the document amending or assigning the charge in greek language, either by an affidavit or by sworn translator of the Republic of Cyprus, in case the documents are in a language other than greek.

The fees are payable in cash, by cheque (made payable to “Registrar of Companies”), via an account maintained with the Department of the Registrar of Companies or via bank transfer.

You are advised to refer to the Explanatory Notes, so as to acquire a better understanding of what is required and to facilitate the process further.

Provided that the Registrar of Companies is satisfied that all, relevant to the circumstances legal requirements, according have been met, he will proceed with registering the particulars of the amendment of the charge or the assignment of the charge and updating the companies register.

The new form ΑΕ7Ε(2) has been implemented as from December 6th, 2021, in replacement of form HE24 as regards to the details of an amendment of a charge created by an overseas company.