Accounting & Audit Coordination
Why Businesses Choose Us
Beyond Bookkeeping
Management accounts tailored to each industry's & management's needs
International Tax Expertise
Accounting & transfer pricing management for cross-border structures
Local & Global Clients
20+ business clients under management
Personalised Support
Direct access to a dedicated advisor withongoing support
Compliance Requirements for Cyprus Companies
Accounting
Cyprus companies must maintain accounting records and prepare annual financial statements as per IFRS standards. Accounting compliance includes recording transactions, corporate tax filings, VAT returns for VAT-registered companies, and payroll administration, including Social Insurance contributions for employees.
Statutory Audit
Cyprus companies are required to have their annual financial statements independently audited by a licensed Cypriot auditor. From February 2026, smaller private companies can instead qualify for a simpler statutory review where both annual net turnover is €300,000 or less and total gross assets are €500,000 or less for two consecutive financial years, subject to conditions under Cyprus law.
How it Works
1. Financial Review
Assessment of tax planning opportunities and identification of accounting, VAT, payroll and Social Insurance obligations.
2. Account Setup
Registration with the relevant authorities and implementation of the accounting workflow.
3. Ongoing Management
Ongoing bookkeeping, VAT, payroll, tax filings, preparation of financial statements & accounts, and coordination of audit.
Services
Bookkeeping
Recording and reconciliation of financial transactions, including income, expenses, invoices and bank statements.
Management Accounts
Preparation of periodic financial reports to monitor profitability, cash flow and business performance.
VAT Returns
Preparation and submission of VAT returns, calculation of VAT liabilities and monitoring of payment deadlines.
Employer Returns
Preparation and filing of employer returns, including payroll taxes, Social Insurance and GHS contributions.
Tax Returns Filings
Preparation and submission of corporate income tax returns and related tax declarations.
Audit Coordination
Coordination with auditors for the preparation of IFRS financial statements, statutory audits and related filing requirements.