IOANNOU & CO Tax Accounting Cyprus - Services

Services customized to your needs

Our core busniess is to provide full range customized accounting and payroll services in accordance with the clients business operational setup. Together with our audit partners we provide a complete range of accounting and audt and tax package at the lowest price in the market.

In addition to providing financial services, we aim to work together to take off of our client shoulders all the time consuming hassles and legalities upon arrival in a foreign country. We can make all arrangements for the immigration papers, to all required on-line government registrations.

From picking our client up from the airport to arranging all housing accomodations we will be there for our clients. Our aim is to be an one-stop-shop once they arrive in Cyprus. We can make all these arrangements upon request.

What does cooperation look like?

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Communication

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Reporting

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Correction

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Submission

Accounting services

Accounting services involve measuring, processing, and communicating financial information for individuals and businesses, encompassing tasks like bookkeeping, financial reporting, tax preparation, payroll, and auditing.

These services provide the financial records and strategic advice necessary for effective decision-making, compliance with regulations, and planning for future financial goals, acting as a crucial “financial compass” for entities.

Our accounting services include book-keeping, accounting in accordance with IFRS and the relevant tax laws (VAT and Income tax laws), and filing of VAT, VIES and Intrastat forms. Our accounting services are offered in a paperless mode as all financial documents (bank statements, Invoices, Receipts, Contracts) are accessed electronically in cloud storage.

We rarely interfere with the client’s day-today activities as we access all documents without client contact.

OUR GUARANTEE is that all accounting obligations of the client will be served in a professional manner and no penalties for late filing or errors will be incurred.

 

Audit and Tax services

Audit services provide independent, objective examinations and evaluations of various business activities, most commonly financial information, to offer third-party assurance that subject matter is free from material misstatement and fairly represents its true condition. Through risk assessment and evidence-gathering, auditors report their findings to stakeholders, helping them to build confidence, make informed decisions, and improve risk management, control, and governance within the organization.

Our audit services (provided by our office audit partner) ensures client-specific internal and external audit risk assessment before the commencement of the audit. The client will be briefed about the assessment and will receive advise with respect to operational improvements, disfunctional or loss-making operations, or inefficient procedures or functions within the company. The client will receive the audited accounts in a timely manner by the end of June in the current year to ensure all corporate tax liability, if any, will be settled in a timely manner without the risk of incurring late fees, penalties and interest charges.

Taxation services are services provided by professionals or tax consultants who are experts in the field of managing tax obligations. It involves a series of activities aimed at ensuring that all aspects of corporate taxation are managed correctly and efficiently.

Our Taxation services include individual and corporate tax planning and tax filing (performed by our audit partners at the corporate level). We also undertake tax dispute cases where we will present the client position with the tax assessor and reach an off-court settlement as favorable as possible to the client.

OUR GUARANTEE is that the audit will be performed utilizing all available legal tools to minimize the tax liability. We also guarantee that the audit will be performed in a timely manner.

 

Social Insurance/Payroll services

Payroll services are outsourced solutions provided by third-party companies that handle a business’s entire payroll process, including calculating wages, withholding and filing taxes, processing payments, and managing compliance with labor laws. These services help businesses streamline operations, reduce administrative burdens on internal staff, and minimize the risk of costly penalties by ensuring accurate and timely payments and tax filings.

Our payroll services include managing the entire company payroll, (monthly or weekly) execute all government procedures for correct tax withholdings, and issuance of the yearly Emoluments certificate. Our company will apply any salary changes in the system and readjust the tax withholdings accordingly. Our clients should rest assured that the payroll process with run smoothly, efficiently and effectively.

OUR GUARANTEE is that the payroll will be executed seamlessly taking into account any changes through out the year and readjust any tax withholdings.

 

Ltd and Trust formation services

Company incorporation is the legal process of registering a business with government authorities, creating a separate legal entity from its owners, which provides benefits like limited liability and potential tax advantages. Key steps include choosing a unique company name, drafting the Memorandum and Articles of Association, appointing directors, securing a registered office address, and submitting applications to the Registrar of Companies to receive a certificate of incorporation, which signifies the company’s legal birth.

Our incorporation services are provided by our legal partners acting as the legal counsels of the client. They include one-time company application, preparation of all documents for the formation of the company, signed Memorandum of Association in both Greek and English (if needed), the signed company certificates, and the company stamp.

Trust formation is a legal process where a person (the settlor) transfers assets to a trustee to manage for the benefit of designated beneficiaries. This is typically formalized through a legal document called a trust deed, which outlines the terms for how assets should be managed and distributed, ensuring the trustee acts in the beneficiaries’ best interests. This process can be used for purposes like estate planning, protecting assets, providing for minors, or charitable giving.  

Our trust formation services include the following:

(a) selecting the right type of trust for the client purpose

(b) the nomination of the parties involved

(c) decide the duration of the trust

(d) the selection of assets and the contribuitons into the trust, all compliance requirements, and,

(e) the pool of services provided to the client with respect to the trust.

OUR GUARANTEE is that your trust will be set up in accordance to your requirements so as to serve the purpose it was created for, fully and completely.

 

Immigration services

Immigration services are needed with the globalized economy in combination with the accession of Cyprus into the EU in 2004. Since then, there has been steadily an increased amount of international investment to the island.
In addition, the reputation of Cyprus as a popular holiday destination, significantly increased its value as a retirement destination as well. Consequently, be it investors, retirees, or visitors, the need for the provision of quality immigration services became imminent and significant. However, the procedures though the Immigratin department for foreign aliens can be both time-consuming and daunting.

This is where our company comes in to provide quality immigration services for our client’s piece of mind and eventually fill in the gap.

Our immigration services are provided though our legal partners and include the following:

– Immigration registration (arranging appointment and go through the step-by-step procedure)
– Obtaining yellow slip (Form MEU1)
– Medical cards for foreign workers
– Passport renewals
– Legalizing birth/death certificates and marriage licenses with translation
– Registration to government portals (general government, social insurance and tax portals)

OUR GUARANTEE is that we will ensure that our clients will enjoy hassle-free arrival and stay in Cyprus till all legalities are met to their full satisfaction. All necessary and required papers, permits and registrations will be provided in a timely manner so as to offer our clients a stress-free environment to conduct their business and start their new life here in Cyprus.

Read more…

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New Individual Tax Rates as of 1.1.2026

Cyprus Tax Reform 2025: Corporate Tax Rate Increased to 15% and New Dividend Tax Introduced

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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.

New Individual Tax Rates as of 1.1.2026

Cyprus introduces new individual tax rates from January 1, 2026. Income over €60,000 taxed at 25%, and tax-free income threshold rises to €21,250. Learn how it affects you.

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.

Cyprus Tax Accounting
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