Annual Statutory Obligations for Cyprus Entities 2024

Cyprus Companies, Partnerships, Self Employed &
Cyprus Branches of Foreign Companies



Book-keeping records are required to be maintained on monthly basis.
If Entity is an Employer
Payment of tax deducted from employees of the previous month (PAYE). Payment of social insurance and related funds withheld from employees of previous month.
If Entity is registered in the Information Exchange System
Electronic submission of monthly sales statements (VIES).
If Entity is receiving Rental Income
Payment of special defense contributions (SDC) withheld from rent paid last month.


If Entity is registered to VAT
Electronic submission of VAT Return and payment of the VAT amount, if any.


Annual Financial Statements:

for companies, partnerships and branches, prepared in accordance with international Financial Reporting Standards (IFRS) by an authorised local auditor.

Shareholders Meetings:Annual general meeting must be held once every year, preferably in Cyprus.
Annual Tax Returns for Companies:

  • Electronic submission of corporation tax return of the company (IR4) for the previous year.
  • Electronic submission of tax return (IR1) of self employed  (with or without audited   financial statements) for tax resident individuals.
Annual Return:The Annual Return need to be completed by the Company Secretary, containing company structure information like capital, directors, shareholders, secretary, registered office address; to be submitted to the Registrar of Companies accompanied by financial statements in Greek language and stamp duty.
Annual Fee:                                                    €350 payable to the Registrar of Companies for maintaining the company active. Note:                                    Surcharge and interest applies for late submissions of returns.