Cyprus companies must prepare annual financial statements, obtain a statutory audit or eligible review, and file an IR4 corporate tax return and an HE32 annual return every year, with review eligibility assessed under section 152A. Miss a deadline and the penalties are automatic. We manage the complete accounting, bookkeeping, audit and statutory filing cycle under one fixed annual fee.
From dormant holding companies to high-volume e-commerce — we handle the full statutory cycle.
You have a trading company but bookkeeping has fallen behind. We catch up your records and deliver audited accounts on time.
Holding or shelf companies with no transactions still require annual accounts, IR4, and HE32 filing under Cyprus law.
Selling into the EU? We handle VAT registration, quarterly returns, VIES reporting, and OSS/IOSS where required.
Group structures with inter-company dividends and loans need IFRS financial statements plus statutory audit every year.
Behind by one or more years? We reconstruct records from bank statements and bring your filings fully up to date.
Non-resident directors and shareholders rely on us for full end-to-end statutory compliance — no Cyprus office needed.
Full-Service Accounting
One annual fee covers the complete accounting, bookkeeping, audit, and statutory filing cycle.
Monthly transaction recording, bank reconciliations, and expense categorisation.
Quarterly P&L, balance sheet, and cash flow statements for your records.
Independent statutory audit, or review where the company meets the legal eligibility conditions.
Annual CT return prepared and submitted to the Cyprus Tax Department.
File HE32 within 28 days of its drafting date, using the company-specific reference date recorded by the Registrar. Financial statements and the audit or eligible review report accompany the return.
VAT return preparation and submission if your company is VAT-registered.
All-In Annual Fee
One annual fee covers bookkeeping, annual accounts, statutory audit, IR4 corporate tax return, and VAT compliance. A "transaction" = any bank entry, invoice, or journal entry.
Cyprus companies generally require a statutory audit. Eligible small private companies may instead obtain a statutory review under section 152A of the Companies Law. Eligibility depends on the financial year, turnover, assets, group structure and regulatory exclusions. See our audit-versus-review guide before budgeting.
PAYE filings, IR59 + IR7 year-end, monthly social-insurance contributions, and headcount-banded monthly fees. Director-only payroll is included with every annual accounting engagement.
All fees are net of VAT. Setup / registration fees apply once when first onboarding a new employer or employee.
How It Works
We collect your accounting records, bank statements, and invoices. We set up your digital accounting environment.
We reconcile your accounts monthly or quarterly — bank accounts, income, expenses, and payroll.
We prepare statutory financial statements and coordinate the mandatory annual audit.
We track and file the agreed IR4, provisional-tax and VAT returns within the engagement scope.
Key Deadlines
Provisional tax instalments fall on 31 July and 31 December. Late-payment charges are separate from the additional 10% tax on the difference between final and provisional tax when estimated taxable income is below 75% of actual taxable income.
Maintain records throughout the year and agree the accounts, audit or review and return-filing timetable with the responsible providers. The applicable filing date depends on the tax year.
Exempt supplies (e.g. certain financial services) carry no right to reclaim input VAT. Zero-rated supplies do. Treating exempt income as zero-rated leads to overclaimed VAT refunds — a common trigger for VAT audits.
Supplying services to VAT-registered businesses in other EU member states requires VIES registration and monthly recapitulative statements. Failure to register shifts the compliance burden back to the supplier.
Mixing personal and company funds makes it impossible for auditors to verify the completeness of income and expenditure. Accounts prepared from mixed-use bank statements are routinely qualified or rejected entirely.
What We Need From You
Bank statements
Monthly statements for all company bank accounts in CSV or PDF.
Sales invoices
All invoices issued to clients — ideally exported from your billing system.
Expense receipts
Receipts or invoices for all company expenses, including subscriptions and contractor payments.
Payroll records
Salary slips and social insurance declarations if you have employees or pay director salary.
Opening balance (new clients)
Prior year audited accounts or opening trial balance if switching from another accounting firm.
Shareholder/director IDs
Valid passport copies for UBO register and AML compliance file — collected once at onboarding.
Tools & Resources
Often paired with
The engagement letter identifies whether the work is bookkeeping, financial-statement preparation, an eligible review or an audit, and names the appropriately qualified provider responsible for any assurance report.
General information. See our editorial standards and disclaimer.
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Get a fixed-fee quote for your transaction volume. We'll take care of everything — bookkeeping, audit, and tax returns.
Initial discussion · No obligation
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