01
Onboarding
We collect your accounting records, bank statements, and invoices. We set up your digital accounting environment.
Cyprus Financial Compliance
Annual accounts, statutory audit, corporate tax returns, and VAT compliance — managed end-to-end by qualified accounting professionals. Fixed-fee pricing.
Who This Is For
— 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 audit by a licensed Cyprus auditor — mandatory for all Cyprus LTDs.
Annual CT return prepared and submitted to the Cyprus Tax Department.
Registrar of Companies filing — due by 28 February each year.
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.
+ VAT. Statutory audit is mandatory for ALL Cyprus companies regardless of size or turnover — there are no small company exemptions under Cyprus law. Fees are fixed once agreed.
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
Key Deadlines
— Tools & Resources
Common Pitfalls
The 1 August and 31 December instalments are mandatory even if final profits are uncertain. Late or underpaid provisional tax triggers a 5% surcharge on top of interest — and the penalty is non-waivable.
Auditors need time to review records and sign off on financial statements before the 31 March IR4 deadline. Companies that hand over a year's worth of receipts in November routinely miss the filing window.
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
Often paired with
Engagements coordinated with ICPAC-registered Cyprus tax advisers and Cyprus Bar Association member-firm lawyers. MOKAS-aligned under Cyprus AML Law 188(I)/2007. See our editorial standards and disclaimer.
“Walked into the call confused, walked out with a 4-step plan, fixed-fee quote, and a Cyprus company set up two weeks later. No surprises on the bill.”
Published with permission. Initials shown to preserve commercial-privacy preference.
Continue exploring
Get a fixed-fee quote for your transaction volume. We'll take care of everything — bookkeeping, audit, and tax returns.
Free consultation · No obligation · Reply within 2 hours
Reply within 24 hours from a senior adviser. No obligation, no upfront fee.