Guidance

Amendment of charge

A company must submit to the Registrar of Companies for registration the particulars of every amendment or change in the particulars of a charge, as well as any assignment of a charge made by a company and, the particulars of any acquisition of a property already subject to a charge, with form HE24E 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.
• Forty-two (42) days from the date of the issue of the temporary certificate of continuation of a foreign company, if the company registered as continuing in the Republic submits an amendment of an assignment of a charge which pre-existed such registration.
• Forty-two (42) days from the effective date of the cross-border merger, if the amendment or assignment of the charge is created over the assets of the absorbed company and has pre-existed the cross-border merger.

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 HE24E.

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 HE24E), either online via the e-filing system of the Registrar of Companies or by hand/post, accompanied by:

• the document amending or assigning the charge (or a certified copy thereof);
• 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.

Depending on the manner of submission, fees are payable:

• by credit card (via efiling);
• 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 (by hand/ post).

You are advised to refer to the main criteria of review and most common reasons for rejection, 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 assignment of the charge and updating the companies register.

e-registration of ammendment of charge

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