Question 1

Who is required to have a statutory audit in Cyprus?

Accepted Answer

All companies registered in Cyprus under the Companies Law, Cap. 113 are required to have their financial statements audited annually by a registered auditor.

Question 2

What is the corporate tax rate in Cyprus?

Accepted Answer

Cyprus has a corporate income tax rate of 12.5% on net profits — one of the lowest in the European Union. Various exemptions and incentives may further reduce the effective rate.

Question 3

How long does VAT registration take?

Accepted Answer

VAT registration typically takes 2–4 weeks once all required documentation has been submitted to the Cyprus Tax Department. We manage the entire process on your behalf.

Question 4

Do you serve international clients?

Accepted Answer

Yes. A significant portion of our client base consists of international companies with Cyprus operations or holding structures. We are experienced in cross-border tax and reporting requirements.

Question 5

Can you assist with company formation in Cyprus?

Accepted Answer

Absolutely. Through our fiduciary and network services, we assist with the entire company registration process — from name reservation to bank account opening introductions.

Question 6

What accounting standards do you work with?

Accepted Answer

We work with International Financial Reporting Standards (IFRS) as adopted in Cyprus, as well as local GAAP and specific reporting requirements for regulated entities.

Clear answers to common questions.

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