Accounting services in Cyprus from €290 a month
We keep the books of your Cyprus company, file its returns and prepare the yearly accounts for the audit. You see every month in your account.
What do you need?
- Books and tax returns per month before VAT
- from €290
We reply by the end of the next working day with the cost of everything you ticked.
Get this quote
What accounting for a Cyprus company includes
One accountant keeps the books all year and files on these dates.
Every month
- Bookkeeping from your invoices and bank statements
- Payroll for your staff: payslips, income tax and social insurance, paid by the end of the next month
- The VIES statement for sales to EU businesses, by the 15th
- Income, costs and what is still missing, in your account
Every quarter
- The VAT return, with the VAT to pay or to claim back, by the 10th
Every year
- Financial statements under IFRS
- The audit file, and our answers to the auditor's questions
- Provisional tax, declared by 31 July, with the second half by 31 December
- The corporate tax return, with the balance of the tax to pay
- The annual return to the Registrar of Companies
- Confirmation of the beneficial owners, between 1 October and 31 December
Accounting rules for a Cyprus company: books, IFRS and the annual return
IFRSBooks and statements under the Companies Law
The Companies Law, Cap. 113, asks every Cyprus company for books of account that explain each transaction and show its financial position at any time. The yearly financial statements follow IFRS, the International Financial Reporting Standards. Cyprus has no shortened accounts for small companies: a holding with 3 entries a year prepares the same set as a trading group.
60 daysWhat a new company registers, and when
- A tax number (TIC) with the Tax Department, within 60 days of incorporation
- Each beneficial owner (UBO) in the Registrar's register, within 90 days of incorporation
- VAT, once taxable turnover passes €15,600 in 12 months
- The company as an employer, before the first hire: payroll in Cyprus
28 daysThe annual return, form HE32
A company holds its first annual general meeting within 18 months of incorporation, then one in every calendar year, with up to 15 months between two meetings. The annual return, form HE32, reaches the Registrar of Companies within 28 days of its date, with a €20 filing fee and the financial statements attached. The guide to Cyprus accounting requirements lists a new company's first filings by date.
The €350 annual levy was abolished from 2024. The yearly filing with the Registrar is the annual return, with its €20 fee.
The filing year of a Cyprus company
We keep this calendar for your company and file before each date.
Filing calendar
- Jan31 Tax return for 2026, 2028
- Feb
- Mar31 Tax return for 2025, 2027
- Apr
- May
- Jun
- Jul31 Provisional tax
- Aug
- Sep
- Oct
- Nov30 Tax return for 2024, 2026
- Dec31 Provisional tax, owners
The last day of every month Income tax on salaries, social insurance and GeSY for the month before
Every quarter the VAT return and its payment, by the 10th day of the second month after the quarter
Every month with EU sales the VIES statement, by the 15th
What clients write about Legarithm
4.8 on Google from 26 reviews.
…they handled my Cyprus company setup while I was still in London. Smooth remote process and great communication.
We set up a company in Cyprus. Nobody pushed extra services, everything was to the point. They explain things clearly, give a real timeline and help with the tax details.
Everything is well coordinated and clear. Half an hour of the first meeting was more useful than two weeks of trying to work it out myself.
What accounting in Cyprus costs
The monthly price follows the number of documents, the bank accounts, VAT and payroll. Prices are before VAT.
Books and tax returns
from €290 a monthGet a quote- VAT registration
- €350
- VIES registration
- €149
- Payroll
- in your quote
- Yearly accounts and the audit file
- in your quote
Which Cyprus companies we keep books for
We record dividends, loans and shareholdings as they happen and prepare consolidated statements when the company has subsidiaries.
We book sales by country, apply the VAT of each sale and file the VIES statements from one set of books.
We keep the income and the development costs of your own IP apart from the rest, which is what the IP Box claim in the tax return needs.
Payroll runs with the books: payslips, social insurance and the employer's returns come from the same accountant.
A dormant company still prepares statements and files returns. We keep it on a small monthly plan.
Filing dates of a Cyprus company and the fines for a late filing
We file each of these on its date. The fine is what the authority charges when a filing is late.
| Filing or payment | Due | Fine if late |
|---|---|---|
| VAT return and its payment | 10th day of the second month after the quarter | €100 a return, plus 10% of the VAT paid late |
| VIES statement | 15th day of the next month | €50 a statement |
| Social insurance and GeSY, the health system | End of the next month | 3% in the first month, then 3% more a month, up to 27% |
| Provisional tax | 31 July and 31 December | 10% of the tax underpaid when the estimate is under 75% of the final profit |
| Corporate tax return | 31 January of the second year after the tax year (2025: 31 March 2027) | €250, or €500 when turnover or assets pass €1 million |
| Balance of corporate tax | With the return | 5% of the tax, 5% more after 2 months, plus interest of 3.5% a year |
| Annual return (HE32) | 28 days after the return date | €50, then €1 a day, up to €150 |
| Beneficial owners, yearly confirmation | 1 October to 31 December | €100, then €50 a day, up to €5,000 |
Audit requirements for a Cyprus company: the yearly audit, the review, the records
Every year Audit
A licensed Cyprus auditor signs the financial statements of every company, active or dormant. We prepare the file and answer the auditor's questions for you.
€300,000 Review for small companies
A company with turnover under €300,000 and assets under €500,000 for 2 years running takes a review, a lighter check by a licensed auditor. The rule covers financial years from 6 February 2026.
6 years Records
The law asks for the books and their supporting documents for 6 years. We keep them in your account alongside the returns they support.
How you see the books: one account for the company
One account, on the web and on your phone
Your company has one account on the platform, on the web and on your phone. You photograph or upload a document, and your accountant books it. Each month shows as open or closed, with its income, its costs and the documents that are still missing.
What you send each month
- Sales invoices you issued
- Purchase invoices and receipts
- Statements of every bank and payment account
- Contracts and loan agreements signed in the month
- Changes in staff: hires, leavers, bonuses and leave
Every filing, with its date and its person
The account shows every filing of the company with its date and the person who handles it. You approve a return there before it is filed, and you write to your accountant there: the answer comes from the person who keeps your books.
One login for a holding and its subsidiaries
A holding and its subsidiaries share one login. For the yearly review of the bank account in Cyprus the platform holds the latest audited accounts beside the company's certificates.
Switching accountant in Cyprus
Your company keeps filing on time while the books move to us.
- day 11
You authorise us
You sign one authorisation in your account.
- then2
We collect the records
We ask your current accountant for the books, the returns and the access to the tax portal.
- then3
You see where the company stands
We list what is filed, what is due and what is overdue in your account.
- from the next deadline4
We take over
We keep the books and file every return from the next deadline. A company we registered starts here with no handover: company formation in Cyprus.
A platform where you open
and run a Cyprus company online
Your whole company is in your pocket. Sign documents, check the books and write to your accountant from your phone.
Your Company Ltd
- Registration expected 8–12 days
- Next deadline prepared
- Last month closed on time
- Passport copy Uploaded
- Proof of address Checked
- Memorandum and articles Sign
- Source of funds declaration Upload
You upload scans and sign the forms in the account. We keep the certificates and registers here afterwards, ready for a bank or an auditor.
Who does the work
A lawyer drafts your documents, the compliance officer checks them before they are filed, and an accountant keeps your books.
Legal
Christina Agapiou Corporate Lawyer
Vasiliki Chatzigeorgiou Compliance Officer
Iryna Hrabovetska Associate
Anastasiia Kolomiiets Associate
Ivanna Plieshivtseva Junior Associate
Vladyslav Khamenushko Paralegal
Alisia Navrotska Paralegal
Vladyslav Syliava Paralegal
Finance and accounting
Ioannis Akritidis Accountant
Elizaveta Pytkina Accountant
Nataliia Dobrynina Accountant
Anna Kyrylova Finance specialist
Questions about accounting services in Cyprus
How much does an accountant cost in Cyprus?
Our accounting starts from €290 a month before VAT, and the tax returns are in that price. The figure follows the number of documents, bank accounts and staff, and it is fixed in your quote before you start.
What do accounting services in Cyprus include?
Bookkeeping each month, VAT returns each quarter, payroll, the yearly statements under IFRS, the audit file, the corporate tax return and the annual return to the Registrar.
Does a small Cyprus company need an audit or a review?
A review in place of the audit, when its turnover is under €300,000 and its assets are under €500,000 for 2 years running, for financial years from 6 February 2026. Every other company has its accounts audited each year.
Which accounting standard do Cyprus companies use?
IFRS. We keep your books on that basis all year, so the yearly accounts are ready for the auditor.
Does a company with no activity need accounting in Cyprus?
Yes. It prepares financial statements, has them audited or reviewed, and files its tax return and its annual return.
When is the tax return of a Cyprus company due?
The 2025 return is due by 31 March 2027 and the 2026 return by 31 January 2028. The rates are on tax in Cyprus, and every date is in the Cyprus tax calendar.
When does a Cyprus company register for VAT?
By law at €15,600 of turnover in 12 months, and by choice before that. We handle the registration and every return; VAT registration in Cyprus has the details.
Can you run payroll for my staff in Cyprus?
Yes. We prepare the payslips, calculate the income tax and the social insurance and health contributions, and file the employer's returns.
Get a quote for your Cyprus company
Book a 30-minute call about your company
Your consultant Vladyslav Babaiev Opens in a new tab Business Setup Specialist
- We email you the Google Meet link.
- 30 minutes, free, no obligation to order.
- After the call we email you the checklist of documents for your country.
We reply by the end of the next working day with the cost and the dates for your case. The first call is free and confidential.
Also for a company in Cyprus
Company formation in Cyprus
Three packages from €1,699, registered in 8 to 12 working days
OpenVAT registration in Cyprus
€350, with VIES registration for €149
OpenTax in Cyprus
15% corporate tax, the IP Box and the returns we file
OpenPayroll in Cyprus
Payslips, income tax and social insurance at 8.8%, filed each month
OpenAll services for a company in Cyprus Outsourced accounting services
Guides to a company in Cyprus
All guides to a company in Cyprus
Updated 21 October 2026. Reviewed by Vladyslav Drapii, Founder.
