The Cyprus accountancy profession
The Cyprus accountancy profession is regulated by the Institute of Certified Public Accountants of Cyprus (ICPAC), the sole Recognised Body of Auditors under Auditors Law 53(I)/2017. ICPAC has over 6,100 professional members and 2,800 students, making it one of the most developed accountancy professions in the region.
Cyprus companies are subject to annual statutory audit under Companies Law, Cap. 113 (§152A(1)(a)). Since the 2016 amendment, small companies meeting turnover and total assets thresholds may replace the audit with a review engagement (ISRE 2400 Revised). The 2026 reforms raised the turnover threshold cap from €200,000 to €300,000 for financial years beginning on or after 6 February 2026.
2026 is a significant year for Cyprus taxation with the corporate tax rate rising from 12.5% to 15% to align with OECD Pillar Two. Specialist accountants provide guidance on compliance, transitional planning, and management strategies. Non-domiciled tax planning, IP Box, and transfer pricing remain distinctive areas of Cyprus expertise.
The Big 4 in Cyprus
4 international firmsThe four largest global professional services firms with significant Cyprus operations. Suited for multinational clients, complex audits, and enterprise-scale advisory.
International networks & firms
30 firmsInternational network members and established multi-practitioner firms, ranked by claim status, listing completeness, and client rating.
P. Constantinou is a certified public accounting and audit firm based in Limassol, Cyprus. They offer a full range of professional services including audit, tax…
A&C Christofi Ltd is a Cyprus-based firm of Certified Chartered Accountants and Registered Auditors, providing accounting, audit, tax, payroll, business advisor…
M.T. Michaelides Co Ltd is a Cyprus-based firm of chartered certified accountants offering audit, accounting, tax, and business advisory services. It is a membe…
Joannides + Co Ltd is a leading Cypriot firm of accountants and management consultants with over 45 years of experience. They provide audit, tax, business suppo…
Cyprus Famagusta-based accountancy practice with 4 practitioners.
Anthimos Leonidou & Partners Ltd is an independent firm based in Limassol, Cyprus, established in 1987. It provides a wide range of financial services including…
BDO is a global professional services network providing audit, tax, and advisory services. The Cyprus member firm offers a range of services to businesses and i…
Baker Tilly South East Europe provides assurance, tax, advisory, and specialist consulting services across Cyprus, Greece, Bulgaria, Romania, and Moldova. The f…
Grant Thornton Cyprus is a professional services firm offering assurance, tax, risk advisory, and business setup services. They recently launched EU AI Act & IS…
Demetriou & Associates Business Advisers Ltd (dba) is a dynamic firm of professional accountants and business advisers based in Nicosia, Cyprus. Established in …
PKF Cyprus is one of the largest accounting firms in Cyprus, operating from offices in Limassol and Nicosia with over 100 staff. They offer audit, taxation, bus…
Alliott Partellas Kiliaris Ltd is a Cyprus-based professional services firm offering audit, accounting, tax, and business advisory services to local and interna…
Reanda Cyprus is a professional services firm offering corporate, accounting, and international tax services. They help clients navigate the complexities of int…
K.P. Masterchart Ltd is a Cyprus-based professional services firm offering audit, accounting, tax, and consultancy services. They specialize in International Bu…
HLB Cyprus is a chartered accounting and advisory firm, originally established in 1997 and now among the largest in Cyprus. It provides audit, tax, advisory, co…
Morison Patsalides Limited is a Cyprus-based firm of chartered accountants founded in 1990. They offer audit, accounting, tax, international business, consultin…
UHY Antonis Kassapis Ltd is the Cyprus member firm of UHY International, based in Nicosia. Established in 1991, it provides audit, tax, accounting, corporate an…
Nexia Poyiadjis is a Cyprus-based professional services firm and the exclusive member of Nexia International in Cyprus. They provide audit, tax, advisory, and o…
CYAUSE Audit Services Ltd, established in 2011, is a Cyprus-based professional services firm offering audit, tax, accounting, company formation, licensing, and …
Kreston Proios Ltd is a leading independent accountancy firm in Cyprus, established in 1965. It offers audit, taxation, advisory, and management consulting serv…
Founded in 1992, P & P Advisory Services Ltd is a Cyprus-based firm offering accounting, audit, tax planning, corporate services, and consulting. As a member of…
Cyprus Nicosia-based accountancy practice with 6 practitioners.
PEK Ltd is a Cyprus-based professional services firm offering auditing, taxation, bookkeeping, corporate services, consulting, shipping, and yacht registration.…
AGBS Group is a boutique professional services firm in Cyprus with over 40 years of experience. It offers audit, accounting, taxation, VAT, corporate services, …
One of the leading professional firms in the service sector in Cyprus, G. Josephakis Audit Ltd offers audit and assurance, taxation, business advisory, accounti…
EROTOKRITOU Chartered Accountants (trading as AUDVATAX CONSULTANTS LTD) is a Cyprus-based firm offering audit, tax, accounting, and business advisory services. …
RSM is a global network of independent assurance, tax and consulting firms with over 56,000 people in 120 countries. They provide a wide range of professional s…
P. Kalopetrides & Co is a Cyprus-based professional services firm offering business consulting, tax, assurance, accounting, and advisory services. They serve on…
Andersen Business Audit Services Limited is a Cyprus-based audit firm providing audit & assurance, taxation, accounting, consultancy, and other corporate servic…
Cyprus Limassol-based accountancy practice with 3 practitioners.
Areas of speciality
40 specialitiesThe complete taxonomy of Cyprus accountancy specialities. Click any speciality for authoritative editorial on the regulations, thresholds, typical fees, and firms with documented expertise.
Accountants by area
4 areasBrowse accountants by Cyprus location. Each district has its own professional character — click through to district-specific listings.
How we rank firms
Placement position on Cyprus Online is determined by quality of information, not payment. Firms that maintain complete, accurate, verified profiles rank higher. Firms with thin data rank lower — because thin data is genuinely less useful to the people trying to find the right professional.
Ranking factors: claim status (has the firm's owner verified this listing?), listing completeness (address, website, phone, email, tagline, specialities), client ratings (rating × review count), professional depth (practitioner count, network membership, verified credentials). A small proportion may pay for a Sponsored slot at the very top, clearly labelled — but this never replaces merit ranking.
For statutory audit work, always verify current ICPAC practising certification. The official ICPAC registry is the authoritative source.