Accounting, Bookkeeping, and VAT Services
Financial Management & Support

Accounting Services

Everything you NEED in ONE place…
Accounting Management

Qualified and regulated accounting services for Cyprus Companies. Our services include advising you on the choice of appropriate accounting software and its setting up, as well as completely undertaking to carry out the accounting functions of your business.  Using up to date accounting software, we can assist you in the preparation of management accounts, bookkeeping and in complying with statutory accounting requirements.  Our specialised accounting software can aid in the:

  • Maintenance of a computerised nominal ledger
  • Preparation of tailored accounting reports
  • Preparation of ageing analysis of debtors as well as their statements
  • Monitoring of bank accounts through the preparation of reconciliation’s
  • Maintenance of stock records
  • Payroll services, Social Insurance registration and completion of returns
  • VAT and Bookkeeping services

Please note: Our experts are dedicated – arrange a meeting today.

We serve clients all over the World. We offer a complete range of Corporate Support Services such as Bookkeeping, Accounting, and Audit services for companies registered in many countries, including;

  • Cyprus
  • UK
  • Hong Kong
  • USA
  • Ireland

Contact us today for your support.

We are VAT experts, and we manage refunds, international trade queries and appeals and Cyprus Company formation. We have a large portfolio of clients, and many of our client company are owned by NON RESIDENT owners. Our clients are Large and small.

CONTACT US NOW

We will assess your options FREE

Cyprus Information

All Cyprus registered companies are required to keep accounts and submit statutory returns by law. Accounts must reflect the true and correct position of their affairs, as well as give show a true picture of their activities and reflect:

  • All monies received and disbursed, together with details of the related transactions.
  • All sales and purchases of stock by the company.
  • All company assets and liabilities.

 

Tasks include:

  • Maintenance of a computerised nominal ledger
  • Preparation of tailored accounting reports
  • Preparation of ageing analysis of debtors as well as their statements
  • Monitoring of bank accounts through the preparation of reconciliation’s
  • Maintenance of stock records
  • Payroll services, Social Insurance registration and completion of returns
  • Bookkeeping
  • VAT managament and reporting
  • Registration obtain Cyprus/EU VAT number
  • Preparation and submission of VAT forms (every 3 months)
  • Application for refund of VAT
  • Arbitration and liason regarding VAT investigation
  • VIES
  • EORI

 

VAT rates
  1.  Standard Rate 19%
  2. Reduced Rate 9%
  3. Reduced Rate 5%
  4. Zero Rate 0%

Please note: VAT returns are submitted every 3 months

Company Income Tax
Tax rate:
Corporate income tax 12,5%


Notes:

  • A company, tax resident in Cyprus is taxed on World-wide income
  • A company not tax resident in Cyprus is taxed on income only from Cyprus
  • A company is tax resident in the Republic if it is managed and
    controlled from the Republic
Personal Income Tax Rates
Income Rate Tax Tax

Band 1:  €0 to €19,500 = 0%
Band 2:  €19,501 to €28,000 = 20%
Band 3:  €28,001 to €36,300 = 25%
Band 4:  €36,301 to €60,000 = 30%
Band 5:  €60,001 and over = 35%

Social Insurance
Contributions rates

Contributions rates Social insurance and other contributions are calculated on the employee’s gross weekly/monthly emoluments at the following rates:

Employer Employee Self Employed (Sole Trader)
Social Insurance 7.8% 7.8% 14.6%
Redundancy Fund 1.2% 0% 0%
Industry Training 0.5% 0% 0%
Social Cohesion 2% 0% 0%

Contact us now for further information.

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