Cyprus Company Audit Services
Audit Services – Cyprus company audit services & free advice – Can provide vital information regarding the financial performance and operation of a company.
Cyprus Company Law requires that company accounts must include the following:
- A directors’ report, which should accompany the balance sheet and be submitted to the shareholders’ annual general meeting.
- An auditor’s report containing certain prescribed statutory information, unless the company is exempt from this requirement (small companies).
- Full financial statements as prescribed by IFRS (International Financial Reporting Standards) and Consolidated Financial Statements in the case of parent companies (unless specifically exempted in some cases).
For Income tax purposes (s.38 of The Income Tax Law) states full financial statements are audited or certified by officially authorized auditors or accountants and a declaration on the Income Tax Return is required. Furthermore, all companies with share capital are required to submit an Annual Return to the Registrar of Companies.
The Annual Return (HE32) must be accompanied by the audited financial statements of the company, adopting the IFRSs translated into the Greek language.
Cyprus-Registered Branches of foreign companies are not legally bound to compile full separate branch accounts but, when taxed on the island, are obliged to do so for income tax purposes. They also have to submit accounts of the main company, translated into Greek, to the Registrar of Companies. Partnerships are exempt from any requirement to prepare audited accounts, but they are legally bound to keep proper books of account which must be available for scrutiny by individual partners.
We serve clients all over the World. We offer a complete range of Corporate Support Services such as Bookkeeping, Accounting, and Audit services for companies registered in many countries, including;
- Hong Kong
Contact us today for support.
We will assess your options FREE
All major credit cards accepted
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We specialise in business support services; Company Formation, Bank Account Registration, Bookkeeping, Accounting, Administration services, and more.
Your Support – Contact us now for your free advice and/or quotation (bottom right), or email us directly at [email protected]