A small, active Cyprus company typically costs €1,500–4,000 per year including VAT to run properly. A dormant company can usually be maintained for €800–1,500. The spread comes from transaction volume, VAT and payroll scope, and whether you need a full audit or qualify for the lighter review.
The recurring cost stack
| Item | Typical range (incl. VAT) | Applies to |
|---|---|---|
| Registered office address | €200–500 / year | Every company |
| Company secretary | €150–400 / year | Every company |
| Bookkeeping and VAT returns | €600–2,400 / year | Active companies; scales with volume |
| Annual financial statements | €400–900 | Every company, including dormant |
| Audit or limited assurance review | €800–2,000+ / €500–900 | See thresholds below |
| Payroll and social insurance | €10–25 / employee / month | Companies with staff |
| Annual return (HE32) filing | small filing fee; penalties if late | Every company |
| Annual government levy | €0, abolished from 2024 | Nobody; older guides still list €350 |
Audit or review: the threshold that changes your bill
Cyprus companies prepare audited financial statements, but smaller companies that stay within both limits, roughly €200,000 net turnover and €500,000 total assets, for two consecutive years can opt for a limited assurance review (ISRE 2400) instead of a full audit. The review is meaningfully cheaper. Companies in regulated sectors need a full audit regardless. Confirm eligibility with your accountant; this is exactly the kind of scope question that should be explicit in any quote you compare.
Tax obligations that shape the workload
- Corporate income tax: 15% from 1 January 2026 (previously 12.5%), with provisional tax paid during the year and the return filed after year-end.
- VAT: registration is mandatory above €15,600 taxable turnover in 12 months; quarterly returns then become part of your accounting scope.
- UBO register and annual return: ongoing filings your secretary or provider should own, with penalties for lateness.
Why quotes differ so much for the same company
Most spread between quotes comes from assumptions that are not stated: how many transactions and bank accounts you have, whether catch-up bookkeeping is needed, whether the audit is subcontracted, and what "support" includes. The accounting comparison forces those assumptions into the open, and the provider guide explains who is best placed for which scope.
Methodology and disclaimer
Ranges are normalized from published prices and quotations of regulated Cyprus accounting firms and ASPs, VAT included, last verified 12 July 2026. CyprusClarity is a comparison and matching platform, not an accounting or tax firm; confirm treatment for your case with the regulated provider you engage.