Accountant in Cyprus: bookkeeping, annual accounts and audit preparation

Cyprus companies keep books and prepare annual financial statements. We do both and prepare you for the audit; an ICPAC-registered auditor signs the audit.

FrequencyMonthly or quarterly
Year endFinancial statements
Links toAudit, VAT, tax
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Limassol seafront towers and marina on a sunny morningChecked 24 October 2026

Steps and timeline

  1. 1

    Onboarding

    Access to bank and documents.

    1 week
  2. 2

    Monthly books

    Bookkeeping and VAT where needed.

    monthly
  3. 3

    Year end

    Financial statements for audit; the balance sheet is signed by at least two directors.

    yearly

What does an accountant in Cyprus do for a company?

We keep the books monthly or quarterly, file VAT returns where needed and prepare the annual financial statements. The statements then go to the statutory audit, signed by an ICPAC-registered auditor. The tax return and the Registrar's annual return are built on them, so the books drive every deadline.

Does every Cyprus company need an audit?

Cyprus companies prepare financial statements every year, and most need a statutory audit before the tax return. The audit is signed by an ICPAC-registered auditor, not by the accountant who keeps the books. We prepare the statements and the audit file, so the auditor can finish quickly.

In your city

Official forms explained

Official forms: T.D.1101 (Τ.Φ.1101) · how to fill it in, HE32(I) (ΗΕ32(Ι)) · how to fill it in, HE60 (ΗΕ60) · how to fill it in

Who does what

What you do

  • Share your situation and goals
  • Collect documents from home
  • Agree the scope of work in writing

What we do

  • Check the requirements for your case
  • Prepare the documents and file the application
  • Follow up until the decision

Your coordinator

  • Plans the work and next steps
  • Keeps one timeline for everything
  • Reminds you of renewals and deadlines

What affects the cost

The price depends on your situation. We explain the scope and expected costs before work begins.

Your situationNumber of peopleUrgency

Questions

Can I switch accountant mid-year?

Yes; see switching accountant.

Sources

Figures checked 24 October 2026. Rules change: we confirm them for your case before you act.

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A coordinator replies within one working day with the next steps.

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