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Audit requirement is mandatory now for Cyprus companies

Dave

Active Member
Sep 27, 2016
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I have been told the following recently by one of the formation agents:

The audit requirement is mandatory now for Cyprus companies. It is not possible to do avoid this requirement any more. Please see the attached circular. We are aware that some formation agents are informing their clients that an audit is unnecessary. This is wrong.

Please see the attached document he provided and please confirm this is TRUE!
 

Attachments

  • Recent changes in the Companies Law.pdf
    315.8 KB · Views: 613
I don't care about audit for my Cyprus company if that is what is required to get something that protect my privacy and rights but at the same time help me to establish something that is legit!
 
When some register a company in Cyprus they may use it for almost "legit" business only so they will be prepared to file financial report for the company or don't you think so?
You can get it all done by your CSP if you choose the right one that can handle accounting and filing of Financial report to the the Cyprus auth. Costs aprox 3000 euro anually.
 

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