FAQ

We offer a complete range of accounting services in Cyprus for businesses and individuals. This includes everything from everyday accounting and bookkeeping to audit and assurance, direct and indirect tax services in Cyprus, payroll processing, outsourced CFO in Cyprus, corporate administration, property management, HR and recruitment, information management, marketing, and strategic business advisory. In short, whether you need help with routine finances or big-picture growth planning, we have the expertise and the team to support you every step of the way – all under one roof.

Accuracy starts with the right tools and processes. We use leading accounting software combined with strict internal checks and double-entry reviews to keep your records spot-on. Our team stays fully up to date with Cyprus regulations through continuous training, and we carry out regular internal and statutory audits to spot anything early. The result is financial information you can trust completely – not just compliant with local laws, but clear and useful for making smart business decisions.

Our tax services in Cyprus go beyond simply filing returns. We take a proactive approach, looking for legal ways to reduce your tax burden and planning ahead for changes in legislation. Our ICPAC-registered experts handle personal and corporate tax, VAT, capital gains, and international structures, always keeping you informed through monthly updates and alerts. Clients tell us they love having a tax partner who thinks like a business owner – saving money today while keeping everything safe and compliant for the future.

Payroll services in Cyprus with us are completely hands-off for you. We collect employee details, calculate salaries and deductions, produce payslips, and file all P.A.Y.E. and Social Insurance returns on time – including for expatriate staff. You get accurate processing, real-time cost reports, and total peace of mind knowing penalties are never an issue. Most clients say it saves them hours every month.

Yes – our outsourced CFO in Cyprus service gives growing companies access to senior financial expertise without the full-time salary. We help with budgeting, cash-flow forecasting, profitability analysis, fundraising, and strategic decision-making. It’s flexible, scalable, and typically costs 50-60% less than hiring in-house, yet you get Big Four-level experience focused entirely on your business.

We handle the full lifecycle of company administration: annual returns, shareholder registers, company secretary duties, changes to officers or structure, and new company formations – including offshore setups in over 25 jurisdictions. Everything is filed correctly and on time, so you stay compliant without the paperwork taking over your day.

Our property management service looks after common expenses, tenant screening, rent collection, maintenance coordination, and monthly financial reporting. We work only with licensed contractors to keep costs fair and quality high. Owners receive clear statements and see better returns because vacancies are minimised and everything runs smoothly.

We provide end-to-end HR support: policy creation, full recruitment cycles, work permit and visa applications, onboarding, and ongoing employee relations advice. It’s particularly helpful for companies bringing staff to Cyprus or expanding their local team quickly and compliantly.

We review your systems, recommend improvements, implement secure cloud solutions, and train your team to use them confidently. Data security is built in with encryption, access controls, and regular backups. The outcome is faster access to reliable information and far fewer IT headaches.

Our marketing team works hand-in-hand with our accountants, so every campaign is measured against real financial results. We handle branding, websites, social media, paid advertising, and print – always with ROI in mind. You get creative work that looks great and actually moves the needle on revenue.

Through our business advisory servicec we support valuations, mergers and acquisitions, feasibility studies, funding applications, and long-term growth planning. We combine financial analysis with practical Cyprus market knowledge to help you expand safely and profitably.

Besides the obvious cost saving, you gain an experienced financial strategist who improves cash flow, sharpens forecasting, and guides major decisions – all on a part-time or project basis. Many clients see measurable profit increases within the first year.

We follow strict GDPR standards, use encrypted storage, multi-factor authentication, and conduct regular security audits. At the same time, we set up simple dashboards so the right people can find what they need instantly. Your data stays safe and actually works for you instead of against you.

Yes, we regularly set up and administer companies in more than 25 offshore jurisdictions. We manage the entire process – from choosing the best location to opening bank accounts and ongoing compliance. It’s discreet, efficient, and fully aligned with Cyprus and international regulations.

Very few marketing teams have in-house accountants tracking performance daily. That financial discipline means your budget is spent wisely and every campaign can prove its worth in hard numbers.

Professional property management services in Cyprus take the hassle out of owning rentals, letting you focus on your core business. With rising property values and tourism in Cyprus, managing tenants, maintenance, and finances yourself can eat up time and lead to costly mistakes – like vacancies or disputes. The benefits are clear: higher occupancy rates (often 95%+), steady rental income through efficient collections, reduced vacancies via proactive marketing, and expert handling of repairs to prevent small issues from becoming expensive. Plus, you'll save on taxes with optimized deductions and gain peace of mind from full compliance with local laws. Businesses see an average 20-30% boost in net returns when they outsource.

Unlike many firms that treat property management as an add-on, we integrate it with our full suite of accounting services in Cyprus. This means your rentals aren't just managed – they're financially optimized from day one, with real-time reporting on cash flow, expenses, and ROI tied directly to your business books. Our hands-on approach includes personalized tenant matching, 24/7 emergency response, and a network of vetted local contractors for cost-effective maintenance. Clients choose us because we're not just managers; we're strategic partners who understand Cyprus's unique market, from Limassol's luxury lets to Paphos's holiday homes, delivering tailored results that maximize value.

We start with a thorough screening process to find tenants who pay on time and treat your property well. This includes credit checks, employment verification, rental history reviews, and even personal references – all while respecting privacy laws like GDPR. To ensure profitability, we analyze market rents for competitive pricing that attracts quality applicants quickly, minimizing downtime. Our team in Cyprus uses targeted advertising on platforms like local real estate sites and our network to reach reliable expats or long-term renters. The result? Tenants who stay longer — reducing turnover costs by up to 40% and boosting your steady income.

Yes – we cover every angle of maintenance, from routine inspections and minor fixes to coordinating major renovations with licensed pros. Our proactive schedule prevents problems, like catching a leak before it damages floors, and we always get multiple quotes to keep costs low. This saves your business significant time (no chasing contractors) and money (bulk discounts through our partnerships mean 15-25% savings on repairs). You'll get detailed monthly reports on all work done, with photos and invoices, so everything's transparent and tied to your financials for easy tax prep.

Compliance is our priority: we handle all Cyprus regulations, from tenancy agreements and deposit protections to safety certifications, energy performance certificates (EPCs), and VAT on short-term lets. Regular audits keep you penalty-free, and we stay updated on changes like new rental laws. Beyond core management, we offer integrated extras like full accounting for your portfolio (tracking income/expenses), tax optimization for property investments, and even insurance advice. For businesses, this means seamless integration with your overall finances – think automated rent-to-book transfers and year-end reports that simplify your audits.

Running payroll in-house eats time and carries real risk. Even a small mistake in tax rates, social insurance contributions, or filing deadlines can lead to heavy fines from the Inland Revenue or Social Insurance Department. Outsourcing your payroll in Cyprus to us removes that stress completely. You get 100% accuracy, on-time payments, and full compliance every single month – while you and your team focus on growing the business instead of chasing payslips and government forms. Most clients tell us they save 10–20 hours a month and sleep much better knowing everything is handled correctly.

Common pitfalls include missing the latest tax or social insurance changes, miscalculating overtime or thirteenth-salary provisions, late submissions (which trigger automatic penalties), and spending hours every month on manual calculations and filings. We eliminate all of that. Our team stays on top of every legislative update, uses automated systems with built-in Cyprus-specific rules, double-checks every payroll run, and submits everything electronically well before deadlines. Zero penalties, zero headaches – guaranteed.

Two things set our payroll outsourcing in Cyprus apart: total integration and genuine care. Because we’re also accountants, your payroll feeds seamlessly into your monthly management accounts and annual financial statements – no re-keying, no discrepancies. Plus, you get a dedicated payroll specialist who knows your company and your people. Employees can call or email us directly with questions, and we handle everything from maternity calculations to end-of-year IR7/IR63 forms in one smooth service.

When payslips are always correct and on time, employees feel valued and trusted. We produce clear, professional payslips (in English or Greek) and can pay salaries directly into any Cyprus or SEPA bank account on the exact day you choose. Happy, correctly paid staff focus on their jobs instead of worrying about money – and that directly boosts morale, reduces turnover, and improves overall performance. Many clients notice the difference within the first couple of months.

Absolutely – it’s one of our most popular add-ons for payroll clients. We handle the entire process for both EU and non-EU employees: preparing applications, liaising with the Migration Department and Labour Office, arranging medical tests and police clearance if needed, and following up until the permits are issued. Having payroll and immigration under the same roof makes bringing new talent to Cyprus fast, smooth, and fully compliant – especially helpful for companies expanding quickly or relocating staff.

Running payroll in-house eats time and carries real risk. Even a small mistake in tax rates, social insurance contributions, or filing deadlines can lead to heavy fines from the Inland Revenue or Social Insurance Department. Outsourcing your payroll in Cyprus to us removes that stress completely. You get 100% accuracy, on-time payments, and full compliance every single month – while you and your team focus on growing the business instead of chasing payslips and government forms. Most clients tell us they save 10–20 hours a month and sleep much better knowing everything is handled correctly.

Common pitfalls include missing the latest tax or social insurance changes, miscalculating overtime or thirteenth-salary provisions, late submissions (which trigger automatic penalties), and spending hours every month on manual calculations and filings. We eliminate all of that. Our team stays on top of every legislative update, uses automated systems with built-in Cyprus-specific rules, double-checks every payroll run, and submits everything electronically well before deadlines. Zero penalties, zero headaches – guaranteed.

Two things set our payroll outsourcing in Cyprus apart: total integration and genuine care. Because we’re also accountants, your payroll feeds seamlessly into your monthly management accounts and annual financial statements – no re-keying, no discrepancies. Plus, you get a dedicated payroll specialist who knows your company and your people. Employees can call or email us directly with questions, and we handle everything from maternity calculations to end-of-year IR7/IR63 forms in one smooth service.

When payslips are always correct and on time, employees feel valued and trusted. We produce clear, professional payslips (in English or Greek) and can pay salaries directly into any Cyprus or SEPA bank account on the exact day you choose. Happy, correctly paid staff focus on their jobs instead of worrying about money – and that directly boosts morale, reduces turnover, and improves overall performance. Many clients notice the difference within the first couple of months.

Absolutely – it’s one of our most popular add-ons for payroll clients. We handle the entire process for both EU and non-EU employees: preparing applications, liaising with the Migration Department and Labour Office, arranging medical tests and police clearance if needed, and following up until the permits are issued. Having payroll and immigration under the same roof makes bringing new talent to Cyprus fast, smooth, and fully compliant – especially helpful for companies expanding quickly or relocating staff.

A strong marketing strategy isn't optional – it's what sets you apart from competitors and turns casual browsers into loyal customers. Without one, you risk wasting budget on scattered efforts that don't connect, leading to low visibility, missed sales, and stagnant growth. At A&C Christofi Ltd, we help by crafting tailored marketing strategies in Cyprus that align with your financial goals. We start with a deep dive into your audience, competitors, and objectives, then build a roadmap covering digital, print, and social channels. Our integrated approach – blending creative ideas with real-time ROI tracking – ensures every euro spent drives measurable results, like 20-40% increases in leads for our clients.

Most marketing agencies focus solely on creativity, but we stand out because we're backed by a full accounting team. This means our marketing services in Cyprus aren't just eye-catching – they're financially smart, with built-in analytics to tie campaigns directly to your bottom line. We treat every client like a partner, offering hands-on guidance from strategy to execution, plus ongoing optimization based on performance data. In Cyprus, where local trends like tourism and tech hubs evolve quickly, our dual expertise helps businesses like yours adapt fast and stay ahead without the guesswork.

Creating a brand identity in Cyprus starts with understanding your story – who you are, what you stand for, and how you want to be remembered. We guide you through logo design, color palettes, typography, and messaging that resonate with local and international audiences. Our process is collaborative: we conduct workshops to capture your vision, develop mood boards and prototypes, and refine based on feedback. The end result is a cohesive brand kit (including guidelines and digital assets) that builds trust and consistency across all touchpoints – from websites to business cards – helping you stand out in Cyprus's diverse market.

Our marketing services in Cyprus are comprehensive yet flexible, covering everything needed for full-funnel growth. Key components include strategy development (audience research and goal setting), digital marketing (SEO, social media management, and paid ads), content creation (blogs, videos, and email campaigns), website design and optimization, and traditional tools like print materials and event support. We also emphasize measurement: every service includes performance tracking with tools like Google Analytics and custom dashboards, so you see exactly what's working and why.

Affordability comes from our efficient, results-first model – no bloated agency fees or unnecessary add-ons. We offer tiered packages starting from basic social media management to full-strategy retainers, with transparent pricing that scales with your budget. Effectiveness is guaranteed through data-driven decisions: we set clear KPIs upfront, monitor campaigns weekly, and pivot as needed to maximize ROI (often achieving 3-5x returns for clients). In Cyprus, this means cost-effective tactics like targeted local SEO that deliver quick wins without breaking the bank.

Businesses that make faster, better-informed decisions pull ahead. Our information management services in Cyprus put clean, real-time data from every department at your fingertips – sales, stock, finance, HR – all in one secure place. You spot trends early, respond to customers quicker, and eliminate hours of manual reporting. Most clients see clear gains in productivity and profit within the first few months because decisions are now based on facts, not guesswork.

Few providers combine full accounting expertise with strong IT skills the way we do. Because we understand financial processes inside out, the systems we build don’t just store data – they feed accurate numbers straight into your accounts, VAT returns, and management reports. That means no double-entry, fewer mistakes, and financial statements you can trust on the first day of the month. In Cyprus, where deadlines are tight, this integration saves time, cuts risk, and keeps auditors happy.

We map your current workflows, remove bottlenecks, and automate repetitive tasks – automatic invoice matching, approval chains, and live dashboards instead of endless spreadsheets. Clients typically free up 15–30 hours a week on admin alone, while staff find any document or report in seconds. Day-to-day operations run smoother, month-end closes finish faster, and everyone has more time to grow the business.

Disorganised information leads to lost files, data breaches, missed filings, and heavy fines under GDPR or tax rules. Proper information management keeps everything organised, backed up, and accessible only to authorised people. We bake compliance into every system: encrypted storage, full audit trails, role-based access, and automatic retention policies that meet Cyprus and EU standards. You stay protected and audit-ready without extra effort.

Every business is different, so we never deliver one-size-fits-all solutions. We start with a detailed discovery workshop to understand your industry, team size, pain points, and growth plans. From there, we design a system that fits you perfectly – whether it’s a cloud ERP for a trading company, a secure client portal for a law firm, or integrated payroll and CRM for a hotel group. You only get (and pay for) what you actually need, and the solution scales as you grow.

Managing HR in-house takes time and specialist knowledge that most growing companies simply don’t have. One wrong clause in an employment contract or a missed labour-law change can lead to expensive disputes or fines. When you outsource HR and recruitment services in Cyprus to us, you get an entire team of experts handling everything correctly from day one – while you stay focused on running and growing your business. Clients typically save dozens of hours each month and gain complete peace of mind.

We cover the full spectrum of HR services in Cyprus: drafting compliant employment contracts and handbooks, creating policies (leave, remote work, disciplinary), setting up payroll-linked HR records, performance review systems, training programmes, and workplace mediation. Because we also run your payroll, everything stays perfectly aligned – no mismatches between contracts and payslips, and all statutory deductions are handled automatically.

We manage the entire recruitment cycle for you: writing attractive job ads, posting on the best local and international platforms, screening CVs, conducting initial interviews, reference and background checks, and preparing offers. Our recruitment services in Cyprus are especially strong for hard-to-fill roles – accounting, IT, hospitality, and senior management – because we already know the talent pool and what motivates people to move in the Cyprus market. Most positions are filled within 4–6 weeks.

We handle every type of work and residence permit in Cyprus: ●EU Registration Certificates (Yellow Slip) ●Non-EU employment permits and Pink Slips ●Family reunification ●Permanent residence applications ●Cyprus Investment Programme support (when active) We prepare all documents, book appointments, accompany staff when needed, and follow up until approval. Having immigration and payroll under one roof makes onboarding new talent fast and seamless.

You get full compliance with Cyprus labour and social insurance laws, reduced legal risk, significant time savings, lower recruitment costs (we only charge on success), happier employees thanks to professional contracts and clear policies, and one trusted partner for HR, payroll, and immigration. In short: professional HR that actually saves you money and helps your team thrive – without the overhead of building an internal department.

Good tax planning isn’t about evasion – it’s about legally keeping more of what you earn. Without a clear strategy, businesses often overpay tax or miss valuable reliefs and incentives that Cyprus offers. We review your structure, transactions, and goals every year to make sure you benefit from every available allowance, deduction, and Cyprus-specific advantage (IP Box, Notional Interest Deduction, shipping regime, etc.). Clients regularly reduce their effective tax rate by 5–15 % completely legally and with full documentation.

Accuracy starts with having qualified ICPAC accountants who live and breathe Cyprus tax law. Every return goes through a four-eye review process, is run through specialist tax software with built-in checks, and is submitted electronically well before deadlines. We also keep permanent working papers for every calculation, so if the tax department ever asks a question years later, we can answer immediately and defend your position confidently.

When you trade or invest across borders, the same income can be taxed twice – once in Cyprus and again abroad. Cyprus has more than 65 double-tax treaties that prevent this and often reduce withholding taxes to 0–10 % instead of 30 %+. We map your international flows, choose the most efficient structure, prepare treaty-based claims, and handle all certificates of residence. The result is often dramatic tax savings and smoother cross-border operations.

If you receive a tax assessment you disagree with, we act as your representative from day one. We’ve successfully handled hundreds of objections and appeals with the Cyprus Tax Department, often reducing or completely cancelling proposed additional taxes. Because we prepared your returns and keep full supporting files, we can respond quickly, professionally, and with solid evidence – saving you time, stress, and usually a lot of money.

We combine genuine Cyprus expertise with practical international experience. Our directors trained with Big Four firms and have structured everything from simple holding companies to complex cross-border financing and IP arrangements. We stay current with BEPS, ATAD, Pillar Two, and the latest EU developments, yet we explain everything in plain language and always choose solutions that are robust, ethical, and audit-proof.

We handle the full company lifecycle: ●Cyprus company formation and registration ●Company secretary and registered office ●Maintenance of statutory registers ●Drafting and filing of annual returns, HE32 forms, resolutions ●Changes of directors, shareholders, or company name ●Share allotments, transfers, and capital increases ●Liquidations and deregistrations All documents are prepared, signed, and submitted electronically where possible – you usually just review and approve.

Yes – we regularly set up and administer companies in more than 25 jurisdictions worldwide, including BVI, Seychelles, Belize, Marshall Islands, Hong Kong, Singapore, UAE, UK, Gibraltar, Malta, and many others. We manage bank account openings, nominee services when needed, and ongoing compliance so your international structure stays clean, efficient, and fully operational.

Cyprus is your perfect EU gateway. We help non-EU businesses establish substance here (office, staff, local management) to gain full EU market access and treaty benefits. Key services include VAT registration and Intrastat reporting, EU trademark applications, opening EU bank accounts, and acting as your local EU representative for regulatory purposes.

We’re not just administrators – we’re qualified accountants who understand the financial implications of every corporate action. That means your structure is not only compliant but also tax-efficient from day one. Clients love that one phone call or email handles company secretarial, accounting, tax, and banking liaison – no juggling multiple providers and no surprises at year-end.

Most consultancies focus on theory or one narrow area, but we blend hands-on accounting expertise with strategic thinking. Our team has Big Four training and years of real Cyprus business experience, so advice isn't generic – it's grounded in financial realities and local market dynamics. We also integrate advisory directly with your ongoing accounting and tax work, spotting opportunities (or risks) months before they show up in the numbers. Clients say this seamless connection makes our business consulting in Cyprus feel like having an internal board of directors – without the salary.

Our services deliver clear, measurable wins: faster decision-making through data-backed insights, reduced costs via process optimizations (often 10–25% savings), and higher growth rates from targeted expansion plans. Whether you're a startup seeking funding or an established firm eyeing acquisitions, we help navigate Cyprus's unique landscape – from EU grants to tax-efficient structures – turning potential hurdles into competitive edges. The biggest benefit? Sustainable progress that aligns with your long-term vision.

We specialize in core growth drivers: strategic planning and feasibility studies, mergers and acquisitions (due diligence to integration), company valuations and investment appraisals, funding applications (bank loans, venture capital, EU subsidies), management consulting (operations, supply chain, digital transformation), and risk assessment (financial, operational, regulatory). With our accounting roots, we excel at linking these to financial health – like modeling cash flow impacts of a new market entry or valuing IP for a tech startup.

Our unique strategy starts with your story: we listen deeply to understand not just the numbers, but your goals, culture, and challenges. From there, we co-create a roadmap that's practical, phased, and tied to quick wins. This benefits businesses by avoiding cookie-cutter plans that fail in Cyprus's volatile economy. Instead, you get strategies that adapt – like pivoting supply chains during disruptions – leading to 20–50% faster implementation and higher success rates.

Absolutely – customization is at the heart of what we do. We begin with a focused diagnostic workshop to map your exact situation, then build services around it: short-term project work for a funding pitch, ongoing retainer for quarterly strategy sessions, or full-scale transformation for scaling up. No matter the size or sector – tourism, tech, retail – your plan fits like a glove, with clear milestones, budgets you control, and adjustments as your business evolves.

A proper audit does far more than tick a legal box. It confirms your financial statements are reliable, protects shareholders and lenders, and often uncovers hidden opportunities or risks before they become problems. We make a difference by treating every audit as a health-check, not just compliance. Our team spots inefficiencies, suggests tax-saving adjustments, and gives you practical recommendations you can act on immediately – turning the audit into a genuine value-add rather than a yearly chore.

We perform every type required in Cyprus: ●Statutory audits under IFRS and local law ●Group consolidations and component audits ●Internal audits and agreed-upon procedures ●Special-purpose audits (grant claims, licensing, due diligence) Each delivers clean financials plus actionable insights: tighter controls, better cash management, stronger loan applications, and early warning on anything that could hurt profitability.

Our directors trained with Big Four firms, so you receive international-standard work at local prices. We focus on understanding your business model first, then tailor testing to your real risks instead of using generic checklists. This approach gives directors, banks, investors, and regulators real confidence that the numbers are solid – often leading to better financing terms and fewer questions down the line.

We examine controls over cash, inventory, receivables, and fixed assets in detail. That means verifying bank reconciliations, testing physical stock counts, confirming customer balances, and tracing high-value transactions end-to-end. Weaknesses are flagged immediately with practical fixes, so assets stay protected and leakage stops before it becomes material.

Yes – fraud prevention is built into every audit we perform. We look for red flags such as unusual journal entries, override of controls, lifestyle inconsistencies, and segregation-of-duties gaps. When we find vulnerabilities, we don’t just report them – we help you implement simple, effective safeguards (approval limits, surprise counts, whistle-blower channels) that dramatically reduce the risk of internal fraud without complicating daily operations.

Keeping accounting in-house often means high salary costs, software expenses, training time, and the risk of mistakes that lead to penalties. When you outsource accounting and bookkeeping services in Cyprus to us, you get an entire qualified team for less than the cost of one full-time junior accountant. Everything is handled accurately and on time – daily entries, VAT returns, management accounts, payroll integration – while you regain dozens of hours every month to focus on running and growing your business.

We don’t just record history; we help you shape the future. Every month you receive clean management accounts with KPIs, cash-flow forecasts, and plain-English commentary that highlight what’s working and where to act next. Clients use these insights to cut unnecessary costs, price more profitably, negotiate better with suppliers, and secure funding faster – many see measurable growth within the first quarter of working with us.

Yes – very. Our fixed monthly fees start lower than the average Cyprus accountant salary (including employer contributions) and include unlimited support, software licences, and year-end statutory accounts. There are no surprise bills, no overtime charges, and because we catch issues early, you avoid late-filing penalties and interest that quickly add up with in-house teams.

Whether it’s claiming a new tax incentive, restructuring to save VAT, applying for government grants, or preparing clean books for a bank loan or investor round, we constantly look for ways to turn the current environment to your advantage. Our team stays on top of every relief and opportunity in Cyprus and flags them proactively – so you never leave legitimate money on the table.

We’re accountants who think like business owners. You get a dedicated senior accountant who knows your file inside-out (no junior-only teams), seamless integration with our tax, payroll, and advisory departments, and genuinely proactive advice instead of reactive compliance. Clients tell us it feels like having a finance director on call – without the six-figure salary.