Every company registered in Cyprus must have its accounts checked by an independent auditor each year. This is a legal requirement, and it is included in your Concierge subscription.
The yearly audit
An audit means a qualified, independent auditor reviews your company's financial statements to confirm they are accurate and complete. At the end, the auditor issues a report. This report is needed when you file your accounts and is sometimes requested by banks or business partners.
Your accountant coordinates the entire process. They prepare the financial statements, provide everything the auditor needs, and manage the timeline. You do not need to deal with the auditor directly unless there is something specific they need from you.
Good to know: The cost of the audit is included in your Concierge subscription. You do not pay the auditor separately.
Annual company return
Every year, your company must confirm its details with the Registrar of Companies. This includes things like your registered office address, your directors and your shareholders. Your accountant prepares and files this return for you.
In Cyprus, this is called the HE32 form. It is due once a year and there is a government filing fee (currently 20 euro). Your accountant takes care of the paperwork.
Beneficial ownership register
EU rules require every company to declare who ultimately owns and controls it. This means identifying the real people behind the company, not just the company name on paper.
Your accountant handles this registration and keeps it up to date. If your ownership changes (for example, a new shareholder joins), let your accountant know and they will update the register.
What do you need to do
Keep your accountant informed about any changes to your company, such as new directors, changes in shareholding or a new registered address. They handle all the filings.