Accounting for Cyprus Companies

MAINSTAY’S SERVICES

Accounting for Cyprus Companies

For the last decades Cyprus has been attracting foreign investments due to its stable financial and business environment. The financial and regulatory environment is aligned with the European Union and the Cyprus tax system is in line with European principles. The island's banking system complies with EU Directives on the regulation of the constitutionally independent Central Bank of Cyprus, integrated with the Eurosystem.

ACCOUNTING

We provide a wide range of accounting services from complete outsourcing of your financial functions to servicing specific areas such as bank reconciliations, debt collection, payroll and VAT.

PREPARATION OF ANNUAL FINANCIAL STATEMENTS

We provide assistance with all aspects of your accounting functions, from day-to-day accounting to financial statements preparation, to ensure you meet all regulatory requirements. Depending on your requirements, we work alongside your existing accounting staff or outsource these functions.

MANAGEMENT REPORTING

We provide timely management accounting services, ensuring you have the information you need and can rely on.

BUDGET FORECASTING

We help you create and track monthly and annual budgets and forecasts, as well as benchmark and analyze key performance indicators (KPIs). We can also track your monthly cash needs by applying budgetary controls to make sure you are operating within your cash and banking resources.

FULL SCOPE OF SUPPORT SERVICES

Using integrated systems, we offer a complete package of services for all your accounting and administrative needs. We can also offer bank account management and general cash management, invoice and payment processing, as well as we can act as a mailing address.

EMPLOYER SUPPORT AND PAYROLL ACCOUNTING

We provide a timely, accurate and flexible payroll accounting service to entities of all sizes. We also provide advice and support to employers on other issues, including expats tax planning and compensation policies, to help you attract, retain and motivate employees.

TAX COMPLIANCE

Our services include preparing tax returns and calculations so you can meet your obligations in a timely and error-free manner.

VAT COMPLIANCE

We provide an efficient and cost-effective VAT service and strategic advice, which includes assistance with VAT registration, preparation and filing of VAT returns.

COMPANY SECRETARIAL SERVICES

We can provide company secretarial services through an external provider, including the provision of a registered office address, services to ensure all aspects of company law and incorporation requirements are met, as well as company formation and incorporation formalities.

ACCOUNTING SYSTEMS

We assist management in the development and implementation of effective accounting by setting up appropriate accounting and finance systems in any organization of cash and banking resources.


We assist management in developing and implementing effective accounting by creating appropriate accounting and financial systems in any company.

Renata Plotnikova

Renata Plotnikova

Director of Business Support