Accountants in Nicosia, Cyprus

5 questions to ask before you hire an accountant in Nicosia

1. Are you (or your audit partner) a member of ICPAC? Only an ICPAC member can sign a Cyprus statutory audit.
2. Have you handled non-dom or international shareholder structures like mine before?
3. Is the annual fee fixed, or billed hourly, and what exactly does it include?
4. Do you do bookkeeping, VAT returns, payroll and the audit in-house, or sub-contract any of it?
5. Will you audit books I keep myself in Xero or QuickBooks, or do you require your own bookkeeping?

Big firm vs small firm vs independent

A large firm (the Big Four and the bigger local practices) gives you depth across tax, audit and advisory but charges accordingly and can be slow for a one-person company. A small or mid-size local firm is usually cheaper and more responsive for a standard Cyprus Ltd. A solo ICPAC practitioner is the lowest cost but check capacity at year-end. Match the firm size to your complexity, not to its brand.

What it costs in Nicosia (2026)

Red flags to avoid

• No verifiable ICPAC membership for the partner signing your audit.
• A quote with no written scope, so the "fixed" fee balloons with add-ons later.
• Pressure to also buy nominee director or address services you do not need.
• No clear answer on who does your bookkeeping versus your audit.

Frequently asked questions

Accountants in other Cyprus cities

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