Accounting Services for Companies in Cyprus

We manage your bookkeeping, prepare financial and tax reporting, and support the audit process in line with Cyprus requirements and IFRS standards. We help your company meet its ongoing obligations without unnecessary complexity.

  • Tax Reporting

    VAT, VIES and OSS

  • Payroll

    Taxes and Social Contributions

  • IFRS Reporting

    For Banks and Investors

  • Audit Support

    Audit Risk Management

Your Financial Operations
Managed in One Place

From bookkeeping and tax reporting to annual audits and regulatory compliance—we keep your Cyprus company fully compliant and running smoothly.

Accounting & Bookkeeping

Accurate financial records aligned with IFRS and statutory requirements.

  • Source documents and transaction recording
  • Statutory ledgers and bank reconciliations
  • Accounts payable and receivable control
  • Financial and management reporting

Tax Reporting & VAT

Preparation and filing of mandatory financial, tax and regulatory reports.

  • Preparation and filing of VAT returns
  • VIES reporting for cross-border EU transactions
  • Preparation and filing of OSS returns for e-Commerce and digital services
  • Preparation of Intrastat declarations
  • Calculation and filing of the annual Corporate Income Tax return
  • Statutory and regulatory reporting
  • Filing support

Financial Statements & Audit Support

We support the process from preparation through completion.

  • Preparation of annual financial statements in accordance with IFRS
  • Coordination with independent licensed auditors
  • Complete audit documentation package
  • End-to-end support throughout the audit process

Corporate Administration

We help keep your company records and statutory information up to date.

  • Annual returns
  • HE32 filings
  • UBO information updates
  • Corporate data amendments

Payroll & HR Support

Payroll and employee administration support for Cyprus companies.

  • Employer registration with Social Insurance Services
  • Preparation and registration in ERGANI
  • Registration with SIF
  • Registration with ERGANI

Additional Services

Additional accounting, reporting and compliance services available upon request.

  • VAT Registration
  • VIES Registration
  • Tax Residency Certificate
  • Management Reporting

Estimate Your Monthly
Accounting Support

Select the approximate number of monthly transactions and any additional company requirements.

Documents per month

An accounting document means an invoice, each bank statement line or each cash report entry.

0 documents
Additional requirements

The estimate updates automatically when an option is selected.

This calculator provides an indicative monthly estimate. The final fee depends on the company structure, document volume, VAT status, payroll needs, cryptocurrency operations and reporting requirements.

Accounting Requirements
in Cyprus

Mandatory preparation of annual financial statements for all types of companies.

Annual review of financial statements by licensed auditors.

Accounting records maintained in accordance with International Financial Reporting Standards.

Continuous recording of source documents and business transactions throughout the year.

Ongoing compliance covers regular filings, accurate records and a clear reporting calendar so your company stays prepared for statutory deadlines.

Why Ongoing Compliance Matters

Missed filing deadlines or reporting errors may result in penalties and other regulatory consequences. Professional accounting support helps maintain accurate and audit-ready data for auditors, tax authorities and banks.

Important

Accounting records should be maintained throughout the year — not reconstructed only before the annual audit. Regular bookkeeping helps prevent missing documents, reporting errors and delays.

How Our Accounting
Support Works

A clear step-by-step process for managing your company’s accounting and reporting.

  1. 01

    Initial Assessment

    We review your corporate structure, current bookkeeping status and transaction volume, and identify the key tax and reporting obligations.

  2. 02

    Integration & Setup

    We collect the initial documentation, configure access to ERGANI and TFA (Tax For All), and agree on a schedule for submitting source documents.

  3. 03

    Ongoing Accounting

    Each month, we maintain the accounting records, calculate payroll, file VAT returns when due and prepare the company for period-end closing.

  4. 04

    Year-End Closing & Audit

    We prepare the final IFRS reporting package, coordinate with a licensed Cyprus auditor, support the audit process and assist with filing the required annual reports.

Already Have an Accountant?

We can take over your accounting, review previous periods, identify missing records and bring your books up to date before continuing with ongoing support.

Why International Businesses
Choose LFT

One Partner for
All Business Needs

We combine in-depth local expertise with corporate-level service standards.

One Partner for Every Task

One Partner for Every Task

Business registration, corporate account opening, full accounting and tax support — all in one place.

Fast B2B Communication

Fast B2B Communication

A dedicated specialist coordinates your requests and brings in the relevant accountant, tax adviser or other expert when needed.

Comprehensive Support

Comprehensive Support

We do more than register companies. We take care of the day-to-day operational workload, including accounting, reporting, HR administration and regulatory requirements.

Practical Business Solutions

Practical Business Solutions

We consider not only the law, but also real-world practice, business risks and the practical aspects of operating a company.

International Expertise

International Expertise

Extensive experience supporting foreign entrepreneurs, IT projects and holding structures across European jurisdictions.

Transparent Processes

Transparent Processes

Clear reporting deadlines, transparent pricing and straightforward communication at every stage.

What say
industry leaders

Client portrait
We reached out to LFT Advisors, and they delivered top-notch service! The manager responded quickly, and we promptly arranged a meeting. The office is stunning, with a welcoming atmosphere. In just an hour, the team thoroughly explained all the details, helped us understand everything, and immediately started preparing the documents for company registration. Everything was clear, professional, and hassle-free. Only positive impressions, highly recommend!

Inna Odynets

Client portrait
LFT helped us structure the company setup, open a corporate account and organize ongoing accounting support. The process was clear, and we always knew who to contact when questions appeared.

Maksim Mikula

Client portrait
We came to LFT Advisors with a question about which jurisdiction would be best for opening a company and received a comprehensive consultation on our business structure. The team took into account our business model, tax burden, banking requirements, maintenance costs, and profit distribution options. After the consultation, it became clear which solution was the right fit for us. A very professional and practical approach.

Alona Shynkarenko

Everything Your Business Needs in Cyprus — In One Place

From company registration and accounting to banking solutions and ongoing support, our team helps you launch and manage your business in Cyprus.