What happens after you create your Cyprus Company?
The directors of a Cyprus company are required by the Companies Act Law 2013 (the law that applies to all Cyprus Companies) to keep proper accounting records and to meet all local statutory and tax filings.
Therefore, all companies must comply with the filing requirements established by the Cyprus Registrar of Companies and with the Cyprus Income Tax Office requirements.
By proper accounting records the directors are required to assign to a local accountant the processing of all invoices, bank transactions, legal agreements and generally all paperwork of the company so that the company records will be in good order and will comply with all Cyprus Tax Requirements. In addition, Registered of Members, Directors, Company Secretary, Fixed Assets should also be kept in good order.
Commonly all Cyprus Companies must comply with:
- VAT Laws and Regulations
- VIES and Intrastat Submissions
- Filings to the Income Office: Company & Employers Tax Returns
All these needs are commonly fulfilled by our accounting department whose primary role and routine work is to ensure that our clients have proper accounting records and all their tax, legal and filing requirements are met in a timely manner.