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Financial Statements in Nicosia

Every Cyprus company must prepare annual financial statements under International Financial Reporting Standards (IFRS) as adopted by the EU. Preparation is typically handled by the company's accountant based on the audited or reviewed trial balance. Most Cyprus accounting firms include financial statement preparation as part of their annual accounting service.

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✓ Updated 2026-08-27

IFRS financial statements

Cyprus companies must prepare financial statements comprising: statement of financial position (balance sheet), statement of comprehensive income (P&L), statement of changes in equity, statement of cash flows, and notes to the financial statements. Small companies can use simplified formats. All financial statements must be prepared under IFRS as adopted by the EU.

The financial statements are attached to the annual return (HE32) filed with the Registrar of Companies, and support the corporate tax computation submitted with the TD4 return.

Firms specialising in Financial Statements

17 firms

Multi-practitioner firms with documented practice in Financial Statements, ranked by claim status, listing completeness, and client rating.

A&C Christofi Ltd is a Cyprus-based firm of Certified Chartered Accountants and Registered Auditors, providing accounting, audit, tax, payroll, business advisory, and other professional services to SMEs and individuals. With over 17 years of experience, they emphasize human-centered advisory and technology-enabled efficiency.

★★★★★ 5.0 (7)
📍NIKODEMOU MYLONA 7 STROVOLOS, 2035, NICOSIA

Joannides + Co Ltd is a leading Cypriot firm of accountants and management consultants with over 45 years of experience. They provide audit, tax, business support, fund administration, and management consulting to international companies and private clients. The firm has offices in Nicosia, Limassol, and Larnaca and is a member of AGN International.

AGN International Ltd ★★★★★ 5.0 (1)
📍AGIOU PROKOPIOU 13 EGKOMI, 2406, NICOSIA
5 practitioners at AGN International
Alexis Joannides Certified Public Accountant
Andri Antoniou Certified Public Accountant
Chrysostomos Stephanou Certified Public Accountant
Kyprianos Protopapas Certified Public Accountant
See all 5 practitioners

Demetriou & Associates Business Advisers Ltd (dba) is a dynamic firm of professional accountants and business advisers based in Nicosia, Cyprus. Established in 2017 by a team with over 30 years of experience, the firm offers audit, assurance, taxation, accounting, advisory, and business setup services. They are a member of DFK International, a global association of independent accounting firms.

DFK International
📍SALAMINOS 1 ayios antonios, Nicosia, 1045, NICOSIA
9 practitioners at Demetriou & Associates
Christos Demetriou Certified Public Accountant
Demetrios Kouzalis Certified Public Accountant
Demetrios Panteli Demetriou Certified Public Accountant
Demetris Andreou Certified Public Accountant
See all 9 practitioners

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 member of INTEGRA International since 2004, providing international reach.

INTEGRA International ★★★★★ 5.0 (1)
📍CORNER DIGENIS AKRITAS & KIPRANOROS 36, 1061, NICOSIA

Alliott Partellas Kiliaris Ltd is a Cyprus-based professional services firm offering audit, accounting, tax, and business advisory services to local and international clients. They also provide company registration, payroll, and management consulting. The firm is a member of Alliott Global Alliance, combining local expertise with a global network.

Alliott Global Alliance
📍STROVOLOU AVENUE 77 STROVOLOS, 2018, NICOSIA
5 practitioners at Alliott Global Alliance
Antonios Aletras Certified Public Accountant
Antonis Partellas Certified Public Accountant
Antri Iosif Certified Public Accountant
Chrystalla Petrou Certified Public Accountant
See all 5 practitioners

Reanda Cyprus is a professional services firm offering corporate, accounting, and international tax services. They help clients navigate the complexities of international business with services including audit, tax, corporate finance, immigration, and compliance. They are part of the Reanda International network, originally founded by a top-tier Chinese firm in 1993.

Reanda International
📍ARCHANGELOS AVENUE 48 ENGOMI, 2404, NICOSIA
3 practitioners at Reanda Cyprus
Adonis Theocharides Certified Public Accountant
Antranic Keremidjian Certified Public Accountant
Araik Markarian Certified Public Accountant

UHY Antonis Kassapis Ltd is the Cyprus member firm of UHY International, based in Nicosia. Established in 1991, it provides audit, tax, accounting, corporate and fiduciary, and management consultancy services to local and international clients.

UHY International
📍KENNEDY AVENUE 89, 1077, NICOSIA
3 practitioners at UHY International
Antonis Charalambous Certified Public Accountant
Diane L Clague-Stassis Certified Public Accountant
Iosif Kasapis Certified Public Accountant

CYAUSE Audit Services Ltd, established in 2011, is a Cyprus-based professional services firm offering audit, tax, accounting, company formation, licensing, and advisory services. With offices in Limassol, Nicosia, and Abu Dhabi, and membership in BKR International, the firm serves international and local clients across diverse industries, including high net worth individuals, investment firms, and trading companies.

BKR International
📍THEMISTOKLI DERVI 41, 1065, NICOSIA
3 practitioners at BKR International
Kyriaki Theocharous Certified Public Accountant
Kyriakos Tramountanellis Certified Public Accountant
Loucas H' Vasiliou Certified Public Accountant

PEK Ltd is a Cyprus-based professional services firm offering auditing, taxation, bookkeeping, corporate services, consulting, shipping, and yacht registration. The firm emphasizes quality and client trust, with a specialized team operating in an internationally oriented environment.

📍DEMOSTHENI SEVERI 17 AGIOI OMOLOGITES, 1082, NICOSIA
2 practitioners at PEK Ltd
Andreas Efthivoulou Certified Public Accountant
Kyriacos Koutsoftas Certified Public Accountant

Grant Thornton Cyprus is a professional services firm offering assurance, tax, risk advisory, and business setup services. They recently launched EU AI Act & ISO 42001 GRC services and achieved ISO 27001 certification. The firm is part of the Grant Thornton International network.

Grant Thornton International
📍AGIOU NICOLAOU 41 - 49 ENGOMI, 2408, NICOSIA
7 practitioners at Grant Thornton
Demetra Yipsiotou Certified Public Accountant
Dimitrios Chioureas Certified Public Accountant
Froso Yiangoullis Certified Public Accountant
George Karavis Certified Public Accountant
See all 7 practitioners

Baker Tilly South East Europe provides assurance, tax, advisory, and specialist consulting services across Cyprus, Greece, Bulgaria, Romania, and Moldova. The firm emphasizes a people-first approach and aims to help clients grow by anticipating future challenges. It is a member of Baker Tilly International.

Baker Tilly International
📍CORNER C. HATZOPOULOU & GRIVA DIGENI AVENUE 30 NICOSIA, 1066, NICOSIA
6 practitioners at Baker Tilly Cyprus
Andreas Pittakas Certified Public Accountant
Angelo Achilleos Certified Public Accountant
Chrysovalanto Savva Certified Public Accountant
See all 6 practitioners

P. Kalopetrides & Co is a Cyprus-based professional services firm offering business consulting, tax, assurance, accounting, and advisory services. They serve onshore and offshore clients with a focus on family businesses and startups. The firm has offices in Nicosia, Limassol, and Paphos.

📍2 Christodoulou Sozou Str, 1096 Lefkosia, Lefkosia

One of the leading professional firms in the service sector in Cyprus, G. Josephakis Audit Ltd offers audit and assurance, taxation, business advisory, accounting, company formation, and training services. Their mission is to provide high-standard professional services to help clients succeed.

📍DEINOKRATOUS STR. 2, 2233, NICOSIA
2 practitioners at G. Josephakis & Co
George Iosifakis Certified Public Accountant

AGBS Group is a boutique professional services firm in Cyprus with over 40 years of experience. It offers audit, accounting, taxation, VAT, corporate services, business consultancy, and fiduciary services to local and international clients across various industries.

📍P.O.Box 25366, 1309 Lefkosia, Lefkosia

Kreston Proios Ltd is a leading independent accountancy firm in Cyprus, established in 1965. It offers audit, taxation, advisory, and management consulting services to local and international clients. The firm is a member of the Kreston global network and is an ACCA Approved Employer.

Kreston International Limited
📍P.O.BOX 28530 2 KASTOROS NICOSIA, 2080, NICOSIA

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, corporate compliance, payroll, and cyber security services to a diverse, multinational clientele. The firm is a member of HLB International, a global network of independent accounting firms.

HLB International
📍PRODROMOU & ZINONOS KITIEOS 2 STROVOLOS, 2064, NICOSIA

Morison Patsalides Limited is a Cyprus-based firm of chartered accountants founded in 1990. They offer audit, accounting, tax, international business, consulting, and corporate finance services. The firm is a member of the Morison Global international network and prides itself on a personal approach to client needs.

Morison Global
📍ATHALASSAS AVENUE 95, 2082, NICOSIA

Independent specialists

167

🎯 Firms are ranked by claim status, listing completeness, and client ratings. Firms that have claimed their listing and provided detailed information rank higher. Claim your firm's listing →

Frequently asked questions

Who prepares Cyprus financial statements?

Typically the company's bookkeeper or accountant prepares draft financial statements from the trial balance. If audited, the auditor may assist with technical accounting matters but must maintain independence — the statements are the company's responsibility.

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