Accounting services in Cyprus
Professional tax filing services, accounting and bookkeeping and financial administration for companies and individuals in Cyprus.
Bookkeeping services in Cyprus
We manage your accounting records, handle filings on time, and keep your business aligned with local tax requirements.
Accounting services in Cyprus
Outsource your accounting to Prism
We take care of bookkeeping, prepare clear financial reports, and make sure your company meets all tax obligations in Cyprus.
Bookkeeping & financial reporting
Get organized ledgers, timely filings, and reliable monthly accounts by outsourcing to us.
Corporate tax registration & filing
We guide you through the Cyprus corporate tax framework, handling registrations, assessments, and yearly declarations.
VAT registration
& reporting
End-to-end assistance with Cyprus VAT, covering registration, quarterly submissions, and ongoing compliance.
Payroll management
Accurate salary processing, employee records, and full compliance with Cyprus labor requirements.
Annual audit support
From preparation to liaison with approved auditors, we ensure your Cyprus audit requirements are met.
Advisory & Setup
Assessment of your accounting structure, guidance on the best setup, and Cyprus–EU tax insights when required.
FAQ about accounting
Have a question about our accounting services in Cyprus? Explore the answers below or reach out to our team for more details.
What is the corporate tax rate in Cyprus?
The standard corporate tax rate is 12.5%. We advise you on how it applies to your business and make sure your filings meet all local requirements.
Who needs to pay mid-year tax payments and when are the deadlines?
Individuals and companies with untaxed income or profits must pay provisional tax in two instalments: 31 July and 31 December. The final settlement is due on 1 August of the following year.
How do I stay compliant and avoid penalties?
File your provisional return by 31 July, and revise it by 31 December if your income changes. Ensure your payments cover at least 75% of the final tax liability—otherwise a 10% penalty plus interest will apply. All payments must be made electronically and on time.
What payroll obligations exist for employers in Cyprus?
Employers must register staff, process monthly salaries, deduct social insurance, and make timely contributions. We take care of payroll so your business stays compliant.
Do foreign-owned companies in Cyprus need to register for tax?
Yes, all Cyprus-incorporated companies are tax residents and must register with the Tax Department. We handle the registration and ongoing compliance on your behalf.
Can I benefit from Cyprus’ double tax treaties?
Yes, Cyprus has over 65 double tax treaties in place. These can reduce withholding taxes on dividends, interest, and royalties, creating efficient structures for international business.
Are there tax benefits for dividend distribution in Cyprus?
Yes, dividends paid by a Cyprus company to non-resident shareholders are generally exempt from withholding tax, making profit repatriation efficient.
Is Cyprus attractive for holding companies?
Absolutely. Many investors use Cyprus as a holding jurisdiction thanks to its low tax rate, exemption on dividends received, and no capital gains tax on share disposals.
Still have questions?
Can’t find what you’re looking for? Let’s have a chat!
Accounting services in Cyprus
From bookkeeping and VAT to annual audits and corporate tax filings, Prism’s local experts deliver reliable, timely accounting tailored to your company’s needs.
We support businesses across industries and company types, always ensuring full compliance with Cyprus law and international standards.
Our accounting and bookkeeping services in Cyprus are provided in English, with our team also able to assist in other major languages.
Outsourcing your accounting
Boost capacity without increasing staff. Outsource your bookkeeping to us and keep your Cyprus accounts accurate with timely reconciliations. We manage receivables and payables, making sure invoices are issued and payments tracked on schedule. Your records remain VAT ready and we take care of filings.
Each month you’ll receive clear reports with a summary of key changes. A dedicated contact who understands your business is always available. Files are stored securely and remain audit ready. Costs are transparent, the setup works with your existing tools, and you stay compliant in Cyprus while focusing on growth.
Insights and
guides
From practical how-tos to in-depth insights, our blogs and guides help you make informed decisions about moving to Cyprus.
Guide: where to live as a digital nomad in Cyprus
Find the balance of work, lifestyle and cost of living. Our guide highlights the best destinations in Cyprus for digital nomads. Read the guide here >>
Your options to live and work in Cyprus
In our guide we give you an overview of which visas and permits allow you to live and work in Cyprus. Read it here »
Cyprus’s tax system overview
Are you looking for a business-friendly tax system in EU? Cyprus might be the answer. Read our overview of the tax system »
Guide: Education and schools for expat families in Cyprus
Moving to Cyprus with children means finding the right education path. Whether you’re considering local schools or international options, Cyprus offers a range of choices to fit different languages, curricula, and family needs. Read it here »
Cyprus offers relaxed seaside living paired with strong infrastructure, a stable economy, and a forward-looking business environment.
Book a meeting to explore your options and take the first step toward a smooth, successful relocation.
Looking to invest in Cyprus?
Financial administration support
If you’re planning to invest in Cyprus we are happy to assist you with financial administration, company incorporation and other services.
Why work with Prism?
Clear and predictable
We explain each step up front, outline the costs, and make sure you know exactly what’s required.
Dedicated support
One consultant follows your case from start to finish, coordinating accounting tasks so you don’t lose time.
Expertise in Cyprus
Our team understands the local tax and reporting framework and applies international accounting practices to keep you compliant.
Full service partner
Beyond accounting, we can assist with company formation, tax planning, banking, and immigration needs in Cyprus.
Do you need help with tax planning in Cyprus?
We support business and individuals
Prism supports you with Cyprus tax registration, accurate income calculations, and timely return submissions. Our team follows local regulations closely so you avoid fines and stay compliant. Start with a free consultation.
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