How much does an accountant cost in Cyprus?
For a passive holding company or crypto business, count on approximately €1,200 to €1,500 per year. Do you have an active trading business or e-commerce store with monthly invoices and a VAT number? Then your combined accounting and audit costs typically range between €2,500 and €4,500 per year.
Don't fall for cheap bait; in Cyprus, an annual statutory audit is legally mandatory for every Cyprus LTD, and cheap accountants charge top dollar for this afterwards.
If you have taken the step to do so, you benefit from the unprecedentedly low corporate tax rate of 15%. However, to remain compliant with the Cypriot tax authorities, your administration must be watertight.
Here is exactly how the Cyprus accounting and bookkeeping fees are structured and what you can expect.
This is the ongoing, monthly work. The costs for this depend 100% on the volume of your business.
This is the part that international entrepreneurs often forget.
In Cyprus, every registered Limited liability company (LTD) is legally required to submit annual audited financial statements prepared by an independent, certified accountant.
Even if your company is “dormant” or has had 0 transactions, this audit must be performed. For a holding company with no active operations, these audit fees start at around €800.
The messier your monthly bookkeeping is, the more hours the auditor needs, and the higher this invoice will be. That is why we handle both seamlessly under one roof.
Do you have any questions or comments about how best to arrange everything, or would you like to set up your Cypriot company right away?
No hidden 'admin fees' or unexpected invoices at the end of the year. Use our interactive calculator to immediately get a realistic estimate of your total compliance costs (Accounting + Audit + Payroll) for the coming year.
Indicative prices based on market standards in Cyprus. Final quotation after intake.
The prices provided are guide prices and are not binding. Accountancy & bookkeeping is custom work. This tool is merely a price indication
The Cypriot tax authorities are digitizing at a rapid pace. A traditional, local bookkeeper who still works with folders will ultimately cost you money due to inefficiency and errors.
We work with modern, Western accounting software (such as Xero and QuickBooks). Haven't founded your company yet? Then start with ours, and we will integrate your accounting setup right from day one.
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