Accounting is not only a job for us, it is also a passion
My name is Theo Ioannou and I am an accountant
After the accession of Cyprus in to the EU in 2004 and after a series of government measures to boost international investment in Cyprus, amongst others, a growing demand for accounting professionals has been seen ever since. However, the lack of supply of professionals has not meet the increasing demand. That created a gap. This is why ever since, numerous newly-formed accounting firms have been gradually emerging in the market to satisfy this demand. And that is when we decided to form IOANNOU & CO, to be part of the effort to fill in that gap.
I have graduated from the University of North Florida with a BA in Accounting and from the University of Texas with an MBA. I obtained the Certified Public Accountant certification (CPA) and became a member of the American Institute of Certified Public Accountants (AICPA). After my graduation, I entered the real estate industry in the USA joining a prominent San Antonio-based corporation. Returning back to Cyprus, I entered the demanding profession of corporate financial accounting and controlling in a variety of industries, like professional services, financial investment services, real estate developing, property management and international trading logistics and import-export business.
IOANNOU & CO entered the market of accounting services in 2014 focusing on helping small international businesses from European countries relocate to Cyprus. We will arrange for your airport pick-up, and also recommend suitable housing at reasonable cost in accordance with your needs. To be blunt, we will ensure that you will not overpay for any product of service you need upon arrival and settlement in Cyprus.
We provide a full range or services in cooperation with our partners to ensure we cover all your financial needs. We offer a full range of financial services, including accounting & payroll, incorporation and immigration services. Our partners provide audit, legal and incorporation services. We will provide all registrations electronically in all government platforms at both the personal and company level ridding you off the hassle. These procedures can be daunting and also quite time-consuming.
MY GUARANTEE is that we will provide our services in good faith and to the upmost professional standards so that the client will be rest assured that the financial part of the business is being performed seamlessly and smoothly. No unnecessary additional costs like administrative fees, fines, penalties or interest charges will be imposed to the client if we are in charge of the finance matters
OUR POLICY is that if the client suffers any additional charges due to errors and/or omissions from our company, we will cover all such charges. In this way we show in actuality our commitment to our client’s piece of mind.
Read more…
2026 Cyprus Tax Reform: Detailed analysis of what changes and what remains the same for businesses & individuals
Phishing: What businesses & individuals need to know
Cyprus Tax Reform 2026: Major Changes, Schengen Entry, and New Housing Plans
Cyprus Tax Reform 2025: Corporate Tax Rate Increased to 15% and New Dividend Tax Introduced
A. POSITIVE ECONOMIC OUTLOOK
• Healthy GDP growth
• Top ten fastest growing EU economies
• Consecutively upgraded credit rating
• Positive macroeconomic forecasts
B. ACCESS TO QUALITY WORKFORCE
• The youngest workforce in the EU
• 60% of the workforce has a BA degree
• English is the language of business
• Visa-free access to EU and global talent
C. ACCESS TO TRADING MARKETS
• Full access to European financial markets
• 40+ EU trade agreements with 70+ countries
• Eurozone member since 2008
• Proximity to emerging markets
D. FAVORABLE REGULATORY STRUCTURE
• English Common Law legal system
• EU-approved regulatory framework
• Protection of intellectual property
• Simple incorporation of a business
E. ATTRACTIVE TAX REGIME
• Corporate tax rate at as low as 15%
• Double Tax Treaty with 68 countries
• Access to all EU Tax Directives
• Tax exemptions on capital gains
• Exchange gains or losses are tax-irrelevant
• NID for equity investment in Cyprus
• Great tax regime for foreign and non-dom staff
• No inheritance, or immovable property taxes
F. STRONG BUSINESS SUPPORT SERVICES
• Easy starting and running a business
• Vast pool of legal, and financial providers
• “Big 4” and other major audit firms
• Great range of office and co-working space
G. REDUCED COST OF DOING BUSINESS
• Low labour costs for professional talent
• Among the lowest office rentals in Europe
• Affordable critical business support services
H. QUALITY OF LIFE
• Enjoyable Med climate and rich nightlife
• Low crime rates and political stability
• Popular retirement and holiday destination
• Crystal clear waters in blue-flagged beaches
2026 Cyprus Tax Reform: Detailed analysis of what changes and what remains the same for businesses & individuals
Cyprus tax reform passed into law: Effective January 1, 2026 the tax reform brings significant changes in taxation of businesses and individuals. Please read on to find out what you need to know as an individual, company, company shareholder or investor.
Phishing: What businesses & individuals need to know
There are different types of this scam named phishing, vishing, smishing, and quishing depending on the way scammers contact you. We provide you with a complete guide to avoid getting in the trap. Please read ahead.
Cyprus Tax Reform 2026: Major Changes, Schengen Entry, and New Housing Plans
Cyprus tax reform effective January 1, 2026 will save €5M for individuals and boost corporate revenue. Cyprus joins Schengen and launches new housing plans to support citizens.
Cyprus Tax Reform 2025: Corporate Tax Rate Increased to 15% and New Dividend Tax Introduced
Cyprus will raise its corporate tax rate from 12.5% to 15% in 2025 and introduce a flat 5% dividend tax for all shareholders, regardless of domicile. Learn how these changes impact your business and how to prepare.