Switching accountant in Cyprus

Changing accountant is common and safe when the handover is planned. We collect the books from your old accountant, check open filings and take over the deadlines.

Typical time2–4 weeks
RiskMissed deadlines
HandoverBooks, filings, access
Limassol seafront towers and marina on a sunny morningChecked 28 October 2026

Steps and timeline

  1. 1

    Check open filings

    VAT returns, corporate tax return, provisional tax, PAYE and the annual return: what is filed and what is due next.

    1 week
  2. 2

    Handover

    Ledgers, bank statements, filed returns and working papers move from the old accountant to the new one.

    1–2 weeks
  3. 3

    Update portal access

    The new accountant gets authorised access to the company's tax and VAT records; the old access is removed.

    at handover
  4. 4

    Take over deadlines

    A new calendar of tax, VAT and Registrar deadlines.

    ongoing

Documents

From the old accountant

From you

0 of 6 ready

The exact list depends on your situation; we confirm it before filing.

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

Common mistakes

  • Switching a few days before a deadline without checking what is already filed
  • Leaving the old accountant's portal access active
  • Taking only the filed accounts, without the ledger and working papers
  • Losing records needed for a tax audit: keep them for at least six years

What affects the cost

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

State of the books at handoverNumber of open or late filingsVAT and payrollAudit requirements

Questions

Do I need permission from the old accountant?

The directors, not the accountant, are responsible for the company's books, so you can move them; a clean, planned handover saves time.

How long must the company keep its books?

At least six years from the filing deadline of the return they support, or from the filing date if later; longer if a tax audit starts in the last year (Assessment and Collection of Taxes Law, section 30). The records stay with the company when you change accountant.

What does a missed deadline cost?

A late tax return carries a fixed charge of €250 for a company, or €500 when its turnover or assets are above €1m (Assessment and Collection of Taxes Law, section 50A). A late VAT return costs €100 (VAT Law, section 45). Tax paid late carries interest as well.

Sources

Check your case for free

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

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