Do I need an ICPAC-registered accountant in Cyprus?
Yes. Cyprus law requires annual company accounts to be audited by a member of ICPAC (Institute of Certified Public Accountants of Cyprus). All accountants listed here are ICPAC-registered or affiliated.
What does a Cyprus accountant typically charge?
Fees vary by firm size and company complexity. Small Cyprus Ltds typically pay €800–€2,500/year for full compliance (accounting, audit, VAT, corporate tax return). Larger or more complex structures cost more.
Can I do my own bookkeeping and just hire an accountant for audit?
Yes. Many founders do their own bookkeeping in tools like QuickBooks or Xero and hire an ICPAC firm only for the annual audit. Make sure your accountant is comfortable with this arrangement before engaging.