Accounting & Audit
Accounting and audit services for Cyprus companies
All Cyprus companies must prepare annual audited accounts. We provide a full range of accounting, VAT, payroll, and audit services for Cyprus-registered businesses — including those owned by non-resident directors.
Services
Accounting and compliance services
Statutory annual accounts
Preparation of annual financial statements under IFRS as adopted by the EU, as required by Cyprus company law.
Annual audit
Statutory audit by registered Cyprus auditors. All Cyprus companies are legally required to have their annual accounts audited regardless of size.
VAT registration & filing
VAT registration with the Cyprus Tax Department, preparation and submission of quarterly VAT returns, EU VAT compliance (VIES, Intrastat).
Corporate tax returns
Preparation and submission of annual corporate tax returns, provisional tax calculations, and tax payment scheduling.
Payroll services
Monthly payroll processing, PAYE calculations, Social Insurance contributions, and submission to the Social Insurance Services.
Bookkeeping
Ongoing bookkeeping on a monthly or quarterly basis. We work with Xero, QuickBooks, and other major accounting platforms.
Cyprus accounting — common questions
Is an audit mandatory for all Cyprus companies?
Yes. Unlike many other jurisdictions, all Cyprus companies — regardless of size or revenue — must have their annual financial statements audited by a registered Cyprus auditor. There is no small company audit exemption in Cyprus.
What is the VAT registration threshold in Cyprus?
The VAT registration threshold in Cyprus is €15,600 of taxable turnover in any 12-month period. Companies providing digital services to EU consumers may also need to register for VAT in Cyprus or use the EU OSS scheme.
When must annual accounts be filed?
Cyprus companies must file their annual return with the Registrar of Companies within 28 days of the Annual General Meeting. The AGM must be held within 18 months of incorporation and thereafter within 15 months of the previous AGM. Annual accounts and tax returns are due within 15 months of the financial year end.
Do I need to be in Cyprus to manage the accounting?
No. All accounting and compliance work can be handled remotely. We liaise with Cyprus authorities on your behalf and send documents for e-signing or notarised signature where required.
Accounting sorted, so you can focus on your business
We handle all Cyprus compliance — from day-to-day bookkeeping to annual audit. Fixed monthly fees available.