What can you write off in a Cyprus Limited?

[DomOCT]

I paid €3,000 / year for accounting and tax filing for a small sized company in Cyprus back in 2020.

Audit included?

 

[myshufflemix]

No audit, just normal tax filing, it was not required with an audit.

 

[Hydrox]

I got a quote of 2000€ from a local accountant for a yearly audit of my company.

We aggreed that i will do Bookkeeping myself, as i have experience with it.

These are the other prices:
ο Preparation of ΙR 63 and IR7 : €200+vat Per Year
ο Completion and submission of ΗΕ32 : €100 per year + VAT (applicable only for companies) Per Year
ο Completion and submission of IR604 : €150 per year + VAT (applicable only for companies) Per Year

He also said that if i put my car and my appartment on my CY company instead of my personal name, we can deduct it as a business expense.

I will trust his word and write my car on the company for the next rent. However for the appartment i cant do that since

1. the contract already exists
2. I need the rental aggreement on my name to be eligable for the non dom right?

Can someone tell me if I could put the next appartment rental (in 12 months) on my company without issues? By then i would obviously have the NonDom Cert already

cheers

 

[OffshoreDude]

I got a quote of 2000€ from a local accountant for a yearly audit of my company.

Do you really need a full audit, because your annual turnover is over 200K in a year?