Accounting | Tax | Advisory

Accounting, Audit & Tax Advisory in Cyprus

ICPAC Registered. ICO 9001 Certified. Nicosia Based

 

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    Why choose us

    We Know What Your Last Accountant Missed.

    Cyprus tax has specific rules that generalist accountants get wrong. NID goes unclaimed. GHS is miscalculated. SDC is misunderstood. We work in this system every day — so we catch the things that slip through elsewhere.

    Every client gets a named contact. Not a ticket number.

    How we work

    Clear, supportive, and built around you.

    Our process keeps your financial responsibilities organised, simple, and stress-free.

    01

    Initial consultation & assessment

    We review your current position, identify any compliance gaps, and tell you exactly what needs doing.

    02

    Tailored strategy development

    We create a personalised plan shaped around your goals, giving you direction and practical steps to move forward confidently.

    03

    Filed. On Time. Every Time.

    Returns submitted, deadlines met, Tax Department dealt with. You don't chase us — we chase the calendar.

    04

    You'll Hear From Us First.

    If something changes in Cyprus tax law that affects you, you'll know before it becomes your problem.

    Leadership

    Who you'll be working with

    Our directors are the foundation of everything we do.

    Demos Kleovoulou

    Managing Director

    Antonia M. Kleovoulou

    AML Director

    Giannos Kokonas

    Audit Director

    Client reviews

    What our clients say

    The best way to showcase our commitment is through the experiences and stories of those who have partnered with us.

    My company Anna Baranovskaya Services LTD has been a valued customer of Stalworth Pro and Mr Demos in particular for almost 8 years now. This is one of the most respectable and business-oriented enterprises in Cyprus. It's both a pleasure and an honor to be their client. Highly recommended!

    Anna Baranovskaya Anna Baranovskaya Services LTD

    Working with Stalworth Pro has been an excellent experience. Their professionalism, attention to detail, and clear communication continue to impress me. They’re always quick to respond, thorough in their explanations, and incredibly efficient in handling even the most complex matters.

    Waveroot Studios Waveroot Studios

    We have been working with this office for the last two years and we are completely satisfied with their services and how friendly they are in everything we have asked of them. Their benefits compared to their financial rewards are extremely, very good. Anything we have needed from them is always there and especially within the time frames that they often press.

    T.T.C. Deals T.T.C. Deals LTD
    Nicosia based Accountants

    Looking for an accountant in Cyprus?
    Talk to us before you decide

    Book a 15-minute consultation. No obligation. Based in Nicosia.

    Frequently asked

    Everything you need to know about accounting in Cyprus.

    Common questions from Cyprus businesses about tax, compliance, and what working with an accountant actually involves.

    Yes, without exception. All companies registered in Cyprus must submit audited financial statements — even if the company had no activity that year. This is a statutory requirement, not optional.

    For small companies, fines run at €50 per day of delay up to €10,000. For larger companies, it's €100 per day up to €50,000. A company that fails to submit financial statements within two years risks removal from the company register entirely.

    Provisional tax is paid in two equal instalments — 31 July and 31 December of the tax year. Underpay by more than 25% of your final liability and you face an additional penalty on top.

    VAT registration becomes compulsory once your taxable turnover exceeds €15,600 in any 12-month period. You can also register voluntarily before reaching that threshold.

    The Tax Department has 6 years from the end of the relevant tax year to raise an enquiry — extended to 12 years in cases of established fraud.

    15% from 1 January 2026, up from 12.5%. If your tax planning was built around the old rate, it needs reviewing.

    Yes. Even if a company remained dormant, it must still prepare and file accounts. The filing obligation doesn't disappear because there was no trading activity.

    All financial and tax reporting in Cyprus is submitted exclusively electronically via Taxisnet and the Tax for All portal. Companies must be pre-registered and keep their representative details up to date — this applies equally to large and small businesses.

    ICPAC Registered. Nicosia.

    Your experts for tax, audit, and financial advisory.

    We help individuals and businesses navigate complex tax and financial matters with clarity and confidence.