Cyprus Company Setup: Accounting, Tax, VAT, Payroll & Audit Support

Tax registration

We register the company for tax and obtain the necessary tax numbers.

Local authority registrations

The required registrations with the local authorities are completed on the company’s behalf.

Bank account opening

We assist with opening the company’s bank account. Depending on the bank or financial institution, this can usually be completed without your physical presence in Cyprus.

VAT and employer registration

VAT registration is compulsory in most cases, depending on activities, place of supply, customers and expected transactions. If you intend to recruit, employer registration and payroll setup follow.

You may not need to travel

Opening a company bank account can usually be completed without your physical presence in Cyprus, depending on the bank or financial institution used.

VAT is usually required

VAT registration is very often required for Cyprus companies, depending on the nature of the company’s activities, place of supply, customers and expected transactions. In practice it is compulsory in most cases.

Tell us before you hire

If the company intends to recruit employees, this must be communicated to our accounting team in advance. Employer registrations, payroll setup and monthly payroll tax obligations may apply.

Our aim is to make the ongoing accounting, tax and compliance process as seamless as possible.

Once your company is active, you provide us with the company’s books and records on a regular basis — usually by uploading invoices, receipts, bank statements and other supporting documents. Depending on the volume and complexity of transactions, your accountant processes the records either monthly or quarterly.

Throughout the year you can expect regular communication from our team, and we remain available for ad hoc support whenever questions arise about the operation of your company.

You should expect regular interaction with your assigned accountant, either monthly or quarterly depending on the company’s needs. Your accountant processes the accounting records, prepares and submits VAT returns, handles payroll where applicable, and supports the company with its ongoing compliance obligations.

At the end of the financial year the company is subject to a statutory audit. A separate member of our team, acting as auditor, performs the year-end audit, finalises the financial statements, calculates the final tax liabilities and makes the relevant submissions. This keeps your company compliant with its accounting, tax and statutory obligations.

A dedicated accountant

Handles the day-to-day accounting records, VAT returns, payroll where applicable, and regular communication about your company’s obligations.

A tax specialist

Assists with Cyprus tax matters, VAT considerations, tax registrations, tax compliance and any ad hoc tax advisory issues that arise.

An auditor

Responsible for the statutory audit, the review of the year-end financial statements, the calculation of final tax liabilities and the submissions to the Cyprus authorities.

A wider support team

Behind your assigned professionals, access to our wider team for corporate, banking, payroll, advisory and compliance matters as your company needs them.

Regulated and professionally recognised

Licensed by the Institute of Certified Public Accountants of Cyprus, the Institute of Chartered Accountants in England and Wales, and the Association of Chartered Certified Accountants. Recognised by ACCA for the quality of our audit and assurance services.

International client servicing

We regularly assist international clients using Cyprus companies for trading, holding structures, tax efficiency and cross-border business, covering local Cyprus compliance and international support through our network of accountants, tax experts, auditors and registered agents.

Top-rated audit and assurance

A Top 30 Tier Audit & Assurance firm in Cyprus, with experience across accounting, audit, tax, corporate, fiduciary, incorporation, directorship, advisory and consulting services.

Proven track record

More than 200 companies served worldwide, across both Cyprus and international clients.

Recognised thought leadership

Recognised as a most-read author in Cyprus on taxation, relocation and corporate topics by the Mondaq and Lexology publishers.

End-to-end support

From incorporation to tax registration, accounting, VAT, payroll, audit, tax advisory and compliance, our team supports your company through its full business cycle.

Local presence, global reach

Cyprus expertise combined with international client servicing capability, with a presence in Cyprus and the UAE — Nicosia, Limassol and Dubai.

Proactive communication

Clients are added to our announcements board and receive updates on company obligations, tax deadlines, regulatory developments and other corporate or tax matters affecting them.

Ad hoc advisory support

Beyond the scheduled accounting, VAT, payroll and audit work, our team stays available for ad hoc support on corporate, tax, accounting, banking and compliance issues as they arise.

Quality and information security

CYAUSE is in the process of obtaining ISO 9001 and ISO 27001 certification during 2026, further strengthening our commitment to quality management, information security and client service excellence.

CYAUSE is a member of BKR International and ACCACE Circle, giving our clients access to a global network of professional firms, advisors and specialists, alongside our memberships with ICAEW, ACCA, ICPAC and the Cyprus Chamber of Commerce and Industry (see our memberships).

When a client needs support outside Cyprus — for tax, accounting, payroll, legal structuring, relocation, compliance or advisory matters — we connect with experienced professionals in multiple jurisdictions. Through these networks we have access to hundreds of professionals across different industries, sectors and countries, which lets us handle complex, multi-jurisdictional assignments and coordinate support when a client’s needs extend beyond Cyprus.

In practical terms, there is no assignment too large, too specialised or too international for us to consider.

One of the strongest indicators of trust is retention. Our clients rarely leave us; many continue working with us year after year because they value our reliability, technical knowledge, accessibility and practical approach.

The same applies to our people. A high employee retention rate keeps continuity and consistency in place, so clients are not constantly re-explaining their business to new faces. They are serviced by professionals who know their company, understand its history and are familiar with its obligations.

Following requests from many of our clients we have also created a series of podcasts and educational videos explaining corporate, tax, accounting, relocation and compliance matters in a practical way, so clients benefit from a growing library of resources as well as direct advisory support.