Ongoing Compliance
& Accounting
Annual returns, VAT filings, bookkeeping, audit coordination and corporate tax returns — coordinated by CyPRO One and delivered through licensed Cyprus accountants and auditors, every year, with proactive reminders before every deadline.
Annual
Returns filed on time
Quarterly
VAT returns managed
15%
Cyprus corporate tax rate
Zero
Missed deadlines
Written by Renato Giurea, founder of CyPRO One · Updated 20 August 2026
Regulated work described on this page is carried out by licensed Cyprus partners.
Why Ongoing Compliance Matters
Registering a Cyprus company is only the beginning. Every Cyprus limited company has ongoing statutory obligations — filing annual returns, submitting VAT, maintaining proper accounting records, and having its financial statements independently examined each year, by full statutory audit or by review engagement depending on its size. Missing deadlines carries automatic penalties and can result in the company being struck off the register.
CyPRO One coordinates the entire compliance lifecycle for your company through licensed Cyprus accountants, auditors, and corporate services providers. We maintain your compliance calendar, coordinate every filing with the relevant partner, liaise with your auditor, and alert you well in advance of every critical deadline. You focus on running your business — we make sure it stays compliant.
What's Included
Annual Returns
We coordinate the preparation and filing of your Cyprus company's annual return — submitted to the Registrar of Companies by our licensed Cyprus corporate services partner — so your company remains in good standing and avoids penalty fees.
VAT Registration & Filings
We coordinate VAT registration and quarterly VAT returns with our licensed Cyprus accounting partner, who reconciles your transactions and manages any refund claims with the Cyprus Tax Department on your behalf.
Bookkeeping & Accounting
Monthly or quarterly bookkeeping handled by our licensed Cyprus accounting partner to keep your records accurate and IFRS-compliant. Management accounts are produced so you always have a clear picture of your company's financial position.
Statutory Audit Coordination
Cyprus companies above the statutory threshold must be audited annually. We coordinate with a licensed Cyprus auditor (ICPAC-registered), help you gather the audit file, and ensure timely submission of audited financial statements.
Deadline Reminders & Compliance Calendar
We maintain your compliance calendar and send proactive reminders before every filing deadline — so nothing slips through the cracks.
Corporate Tax Returns
Your annual corporate tax return (IR4) is prepared and filed with the Cyprus Tax Department by our licensed accounting partner, including provisional tax calculations and any required interim payments. We coordinate the process end-to-end.
Key Cyprus Compliance Deadlines
Cyprus companies must meet a recurring set of filing deadlines each year. CyPRO One tracks all of these for you and ensures everything is submitted on time by our licensed accounting partner.
Deadlines are indicative. Actual dates may vary by year. CyPRO One maintains an up-to-date compliance calendar for each client company.
How It Works
Onboarding
We review your company's existing records, registration documents, and any prior filings with our licensed accounting partner. Together we build your compliance calendar and identify any gaps.
Document Collection
You share bank statements, invoices, and expense records on a regular basis — monthly or quarterly. Our partner handles the rest remotely; CyPRO One stays as your single point of coordination.
Bookkeeping & Preparation
Our licensed Cyprus accounting partner processes your transactions, maintains your ledger, and prepares management accounts. At year-end they prepare a full audit-ready file.
Filing & Submission
All required filings — VAT returns, annual returns, provisional tax, IR4 corporate tax return — are submitted to the Cyprus authorities by our licensed accounting partner on your behalf. CyPRO One coordinates and keeps you informed at every step.
Proactive Reminders
We alert you before every critical deadline with clear summaries of what's due, what your accounting partner needs from you, and when.
Frequently Asked Questions
Does my Cyprus company need to be audited every year?
Not always — this changed in 2026. For financial years beginning on or after 6 February 2026, a full statutory audit by an ICPAC-registered Cyprus auditor is required where annual turnover exceeds €300,000 or total gross assets exceed €500,000. A company that stays below both thresholds for two consecutive years may instead opt for a review engagement, which is a lighter and less expensive form of assurance. Every Cyprus company must still maintain proper accounting records and prepare annual financial statements under IFRS, and those statements are still filed with the Registrar of Companies and the Tax Department each year. Your CyPRO One coordinator confirms which regime applies to your company with our ICPAC-registered partner ahead of each year-end.
When does my company need to register for VAT?
A Cyprus company must register for VAT when its taxable turnover exceeds €15,600 in any 12-month period. Voluntary registration is also possible below this threshold. Certain businesses — particularly those providing B2B services to EU clients — may need to register regardless of turnover for intra-EU VAT reporting purposes.
What is provisional tax and how does it work?
Cyprus companies are required to pay their corporate income tax in advance via two provisional tax installments — the first by 1 August and the second by 31 December of the current tax year. The installments are based on the company's estimated taxable profit for the year. Underpayment of more than 25% of actual tax results in an additional 10% levy, so accurate forecasting matters.
What records do I need to keep?
Cyprus law requires companies to maintain adequate accounting records that sufficiently explain the company's transactions and allow financial statements to be prepared in accordance with IFRS. Records must be kept for at least 6 years. CyPRO One coordinates this entirely on your behalf through our licensed Cyprus accounting partner.
Can you handle compliance for a dormant company?
Yes. Even dormant Cyprus companies have filing obligations — notably the annual return and confirmation that the company has had no trading activity. We offer a streamlined dormant company compliance service — coordinated with our accounting partner — at a reduced annual fee.
How does your bookkeeping service work?
You provide bank statements and expense documentation (receipts, invoices) on a monthly or quarterly basis. Our licensed Cyprus accounting partner categorises transactions, maintains your ledger, and produces management accounts. At year-end they prepare a full trial balance and hand off to the auditor. CyPRO One coordinates the whole flow — everything is handled remotely, no need for a local office visit.
Related Services & Guides
Cyprus Company Formation — Register a Cyprus LTD | CyPRO One
End-to-end Cyprus company registration with the Registrar of Companies. Name reservation, KYC, documents, Tax ID, and registered office — fully managed, fully online. 7–14 working days.
How to Set Up a Company in Cyprus — Complete Guide 2026 | CyPRO One
Complete guide to Cyprus company formation: legal structure, step-by-step registration process, government fees, tax advantages (15% corporate tax, 0% capital gains), KYC requirements, and ongoing compliance obligations.
Cyprus Nominee Director & Company Secretary | CyPRO One
Cyprus nominee director and company secretary services — keep the beneficial owner's name off the public register and meet the statutory requirements of Cyprus Companies Law Cap. 113.
Cyprus Company for IT Consultants & Agencies | CyPRO One
Who owns the code, what the Cyprus IP Box really costs at the 2026 rate, and how to invoice EU, UK and US clients — for IT consultants and software agencies.
This page is for information only
Nothing on this page constitutes legal or tax advice. Compliance requirements vary by company structure, activity, and turnover. CyPRO One's services are provided in coordination with licensed Cyprus accountants and auditors registered with the Institute of Certified Public Accountants of Cyprus (ICPAC).