It is possible to renew the Domain Name License for a period of one (1), two (2), or five (5) years from the expiry date. The Registry will send a notice one (1) month before the expiry of a license with the ending “.cy” informing the Billing Contact to pay the license renewal fee for the Domain Name with the ending “.cy”. In addition, weekly notifications are sent within the month before the license to use the domain name ending in “.cy” expires.
The renewal fee must be paid by the last day on which the license expires. The Domain Name License ending in “.cy” is automatically renewed as soon as the renewal fee is paid.
The procedure that must be followed can be found here.