Cyprus business, explained.
Plain-English guides for founders in Cyprus, or on their way. VAT, payroll, tax, residency and company law, with every figure linked to the law behind it.
- Company formation
- Compliance
Cyprus company name approval: choosing a name that can pass the checks
Check a Cyprus company name for distinctiveness, similar names, restricted words and useful alternatives before submitting the approval request.
Sumly team6 min read
- Banking
- Company formation
- Compliance
A Cyprus company bank KYC pack: make ownership, activity and payments tell the same story
Prepare a coherent bank onboarding pack connecting company ownership, authorised people, business activity, expected payments and funding evidence.
Sumly team5 min read
- Company formation
- Bookkeeping
Starting an IT consultancy company in Cyprus: contracts, ownership and the first accounting decisions
Plan your IT consultancy's Cyprus company around client contracts, ownership, where the work happens and a clean first-month accounting file.
Sumly team6 min read
- Bookkeeping
Restaurant POS bookkeeping in Cyprus: close a day's tills, cards and delivery sales
A daily close for Cyprus restaurants that reconciles POS sales with cash, card settlements and delivery-platform receipts before month-end.
Sumly team5 min read- Company formation
- Compliance
Cyprus company certificates explained: build a document pack that matches the request
Match a bank or counterparty request to the right Cyprus incorporation, officer, shareholder, address, capital or good-standing document.
Sumly team6 min read
- Bookkeeping
- Compliance
Moving Cyprus bookkeeping from Excel: migrate a reconciled ledger instead of a pile of sheets
Prepare an Excel bookkeeping migration by checking source sheets, account mapping, duplicate records, cutover balances and a sample import.
Sumly team6 min read- Company formation
- Compliance
Registered office or operating office in Cyprus: choose the right address arrangement
Distinguish a Cyprus registered office from operating premises, mail handling, record custody and the address evidence other organisations may request.
Sumly team6 min read- Bookkeeping
- Banking
Amazon seller bookkeeping in Cyprus: reading settlement reports without treating payouts as sales
A settlement-report workflow for Cyprus Amazon sellers that separates orders, deductions, reserves and bank transfers, with an illustrative reconciliation.
Sumly team5 min read- Company formation
- Compliance
Contracts before Cyprus company incorporation: identify who is promising what
Check the party, authority and conditions when a customer, supplier or landlord wants a contract before your Cyprus company is incorporated.
Sumly team6 min read- Bookkeeping
- Banking
Wise Business bookkeeping in Cyprus: reconcile balances, transfers and conversion fees
Reconcile Wise currency balances for a Cyprus company, distinguish transfers from costs, and document conversion differences without doubling revenue.
Sumly team5 min read- Company formation
- Compliance
Changing corporate service provider in Cyprus: secure the records and authority to act
Plan a corporate-service handover by separating legal appointments, portal authority, company records, correspondence and unfinished filings.
Sumly team6 min read- Bookkeeping
- Banking
Shopify payout reconciliation in Cyprus: prove the difference between orders and cash
A Shopify settlement workflow for Cyprus businesses, with a gross-to-net example, refund checks and explanations for money still awaiting payout.
Sumly team5 min read- Company formation
Cyprus branch or subsidiary: choosing how an overseas business enters Cyprus
Cyprus branch or subsidiary? Compare legal identity, contracts, authority and accounts, and what it costs in practice to change the structure later.
Sumly team7 min read- Company formation
- Compliance
A single-member Cyprus company: roles, decisions and the paperwork one owner needs
Understand one-person Cyprus company ownership, director and secretary roles, written decisions, funding records and the changes a second shareholder brings.
Sumly team6 min read- Bookkeeping
- Compliance
Outsourced bookkeeping in Cyprus: agree the work, documents and responsibility in writing
Define a bookkeeping engagement in writing: input deadlines, reconciliations, exceptions, approvals, filing responsibility and deliverables you can actually use.
Sumly team6 min read
- Compliance
- Tax
Cyprus tax deadlines 2026: the complete calendar
Every deadline a Cyprus limited company has in 2026: VAT, VIES, provisional tax, the TD4, the HE32 and employer filings, and what missing each one costs.
Sumly team10 min read
- Comparisons
Cyprus vs Malta for founders: taxes, costs, and real-world friction
Cyprus charges a flat 15%. Malta charges 35% and refunds most of it after a dividend. See what each system asks of you. Sumly forms the Cyprus side for €950.
Sumly team9 min read
- Company formation
The first year of a Cyprus company: what to do, month by month
A month-by-month map of year one: tax registration, the VAT test, your first hire, provisional tax, then audit, HE32 and TD4. Sumly runs it from €39/month.
Sumly team10 min read
- Bookkeeping
- Comparisons
Bookkeeping costs in Cyprus: what are you actually paying for?
Compare Cyprus bookkeeping quotes by what they cover: software, monthly records, payroll, tax filings, year-end accounts and audit or review fees.
Sumly team5 min read
- Comparisons
Cyprus vs UK company: what a UK founder gains, loses and must watch
Cyprus company or UK Ltd? Corporate tax, EU VAT access, dividend tax, residence tests, audit and banking compared, with 2026 figures. Cyprus formation from €950.
Sumly team11 min read
- Company formation
Company secretary in Cyprus: is one required, who can act, and what they do
Every Cyprus company must have a secretary under Cap. 113. See who can hold the office, the sole-director rule, and the registers and HE32 filings the role covers.
Sumly team7 min read
- Compliance
The HE32 annual return in Cyprus: deadline, fee, penalties and strike-off risk
When the HE32 is due, what it costs, the financial statements that go with it, the late penalty of €50 plus €1 a day capped at €150, and how strike-off happens.
Sumly team8 min read- Tax
- Bookkeeping
Capital allowances in Cyprus: turn equipment records into the right tax deduction
How Cyprus capital allowances differ from depreciation, which asset records a company needs, and how purchases, private use and disposals change the tax calculation.
Sumly team5 min read
- Company formation
Share capital for a Cyprus company: minimums, norms, and what to choose
Cyprus has no minimum share capital for a private limited company. What authorised and issued capital mean, what founders usually choose, and what it costs.
Sumly team7 min read
- VAT
How to file a VAT return in Cyprus (Tax For All, step by step)
File your Cyprus VAT return through Tax For All by the 10th of the second month after the quarter. Deadlines, steps, payment and penalties, or let Sumly prepare it.
Sumly team7 min read
- Tax
Self-employed tax in Cyprus: income tax, Social Insurance, GeSY and VAT
What a Cyprus sole trader pays in 2026: income tax bands, 16.6% Social Insurance, the 0.5% HRDA levy, 4% GeSY, VAT from €15,600. Sumly registers you for €200.
Sumly team10 min read
- Payroll
Hiring your first employee in Cyprus: the complete employer checklist
Registering as an employer, the ERGANI notice, 2026 rates and minimum wage, monthly deadlines and payslips. Sumly runs the payroll and books it, €15 per employee a month.
Sumly team8 min read- Bookkeeping
- Compliance
How to switch accountants in Cyprus without losing your records
A handover checklist for changing accountants in Cyprus: the records to ask for, the opening balances to prove, who files what, and switching to Sumly.
Sumly team5 min read
- Payroll
- Tax
TD59 in Cyprus: the employee declaration behind your PAYE
What Cyprus TD59 is, where to find the current English form, what employees give their employer and how to check the information before payroll.
Sumly team5 min read
- Residency
- Tax
The Cyprus 60-day rule: tax residency in two months
How the Cyprus 60-day rule works in 2026. The four conditions, how days are counted and how you prove residency. Sumly files residency and non-dom for €750.
Sumly team8 min read
- Compliance
Director duties in Cyprus: who can be a director and where the liability sits
Who can direct a Cyprus limited company, what the duties ask of you, the filings you answer for, and where personal liability starts under the 2026 rules.
Sumly team10 min read
- Comparisons
Cyprus vs Portugal for founders and remote workers: tax, residency, and real life
Cyprus non-dom or Portugal's IFICI, 15% or 19% corporate tax, 60 days or 183 to residency. The real 2026 numbers side by side. Sumly forms the Cyprus company for €950.
Sumly team9 min read
- Payroll
- Compliance
TD7 employer returns in Cyprus: monthly and annual filing through Tax For All
Prepare Cyprus TD7 employer returns from payroll, reconcile the annual totals, fix errors and keep proof of filing and payment in Tax For All.
Sumly team6 min read
- Comparisons
Cyprus vs Bulgaria for founders: two low-tax EU routes compared
Bulgaria charges 10% to Cyprus's 15%, yet non-dom dividends and the 3% IP Box can make Cyprus cheaper. We compare both chains. Sumly forms a Cyprus company for €950.
Sumly team8 min read- Bookkeeping
Cyprus company year-end checklist: closing the books, the audit and every filing
Close the books, revise provisional tax by 31 December, then do the financial statements, audit, AGM, HE32 and TD4 in order. Or let a Sumly certified bookkeeper run it for €190 a month.
Sumly team9 min read
- Bookkeeping
Cyprus invoice requirements: what a VAT invoice must include
Every mandatory field on a Cyprus VAT invoice, plus the 30-day issue deadline, the €85 simplified invoice limit, reverse-charge wording and record keeping.
Sumly team9 min read- Payroll
- Compliance
- Bookkeeping
Employee or contractor in Cyprus? Check the working relationship before you hire
Employee or contractor in Cyprus? Judge the arrangement on the real working conditions, then set up payroll or supplier bookkeeping with the right records.
Sumly team5 min read
- Compliance
- Tax
Provisional tax in Cyprus: the two installments, explained
Cyprus provisional tax is paid in two instalments, by 31 July and 31 December. How to set the estimate, when to revise it, and how the 10% surcharge works.
Sumly team7 min read
- VAT
Reverse charge VAT in Cyprus: when it applies and how to book it
When a Cyprus company must charge itself VAT on services bought from abroad and on EU goods, how the entries go into the VAT return, and what skipping them costs.
Sumly team10 min read
- Company formation
What happens after company registration in Cyprus
Tax registration in TFA, the VAT threshold test, bookkeeping, provisional tax, the HE32 and the audit. Sumly keeps the books and prepares the returns, from €39 a month.
Sumly team9 min read
- VAT
VAT on digital services from Cyprus: B2B, B2C and the One Stop Shop
How a Cyprus company charges VAT on digital services: the reverse charge for EU businesses, the €10,000 threshold and the One Stop Shop for consumers, and sales outside the EU.
Sumly team8 min read
- Residency
Cyprus non-dom status explained: dividends, SDC and the 17-year rule
Cyprus non-dom status exempts dividends, interest and rent from SDC for up to 17 years. See what it covers and what GeSY still costs. Sumly files the application for €750.
Sumly team9 min read
- Comparisons
Cyprus vs Estonia (e-Residency) for founders
Estonia taxes profit at 22% when you distribute it. Cyprus taxes it at 15% as you earn it, and a non-dom then pays no SDC on dividends. How to choose, plus company formation for €950.
Sumly team8 min read
- VAT
- Compliance
VAT deregistration in Cyprus: the application, final return and remaining records
When a Cyprus business can request VAT deregistration, which forms to prepare and how to handle pending returns, remaining assets and the final VAT position.
Sumly team5 min read
- VAT
Cyprus VAT rates 2026: which rate applies to what
Cyprus charges VAT at 19%, 9%, 5%, 3% and 0%. What sits in each band in 2026, which goods are temporarily zero-rated, and what to put on an EU invoice.
Sumly team8 min read- Bookkeeping
- Banking
- VAT
Stripe bookkeeping for Cyprus businesses: sales, fees and payouts
How to reconcile Stripe in your Cyprus company's books, with a worked example of gross sales, refunds, processing fees, payouts and unsettled balances.
Sumly team4 min read
- Tax
- Payroll
- Residency
Cyprus's 50% employment exemption: check eligibility before setting your salary
The Cyprus 50% employment-income exemption: the salary threshold, the residence history it needs and the evidence to gather before you apply it through payroll.
Sumly team5 min read
- Bookkeeping
Do I need an accountant for my Cyprus limited company?
What Cyprus law actually requires of your company, what an accountant does each month, and what software can take over. Run it yourself on Sumly from €39/month, or hand it over.
Sumly team5 min read
- Payroll
GeSY contributions in Cyprus: every rate, who pays it, and when
GeSY for 2026 is 2.65% for employees, 2.90% for employers, 4% for the self-employed and 2.65% on dividends, up to a €180,000 cap. See who pays each one and when.
Sumly team8 min read- Bookkeeping
- VAT
- Tax
Lost a business receipt in Cyprus? What to do next
Recover a missing business receipt or invoice in Cyprus. Keep the payment traceable in the books, and treat income tax and VAT evidence as separate questions.
Sumly team5 min read
- Banking
- Bookkeeping
Revolut Business bookkeeping for Cyprus companies
Keep Revolut Business transactions straight in your Cyprus books: separate currency balances, transfers, fees, source documents and month-end checks.
Sumly team4 min read
- Compliance
Dormant company in Cyprus: what you still have to file when you are not trading
A dormant Cyprus company still files the HE32, financial statements and a nil tax return every year. What each costs, and when strike-off is the better call.
Sumly team10 min read
- Company formation
- Tax
- Bookkeeping
Starting a side business in Cyprus while employed
Starting a side business in Cyprus while you keep your job? Check your contract, choose self-employed or a company, and sort out Social Insurance, VAT and separate records.
Sumly team5 min read
- Company formation
- Residency
- Compliance
Can you run a Cyprus company while living abroad?
Running a Cyprus company from abroad? The questions to settle first: ownership, management, the company's tax residence, your personal tax and where the work happens.
Sumly team4 min read
- Payroll
GHS (GeSY) for Cyprus company owners: what you pay on salary and dividends
What GeSY costs a Cyprus company owner in 2026: 2.65% plus an employer 2.90% on salary, 2.65% on dividends, one €180,000 cap, and no non-dom exemption.
Sumly team8 min read- Company formation
Documents and requirements to register a Cyprus company
An approved name, memorandum and articles, director and shareholder ID, a registered office and the filing itself. Sumly prepares and files the lot for €950.
Sumly team7 min read
- Comparisons
Salary vs dividends in Cyprus: how to pay yourself from your company
What a salary costs against a dividend in 2026: 15% corporate tax, 5% SDC, GeSY and Social Insurance, with worked euro examples. Sumly runs both from €39 a month.
Sumly team9 min read- Company formation
A foreign company as shareholder of a Cyprus company: the incorporation evidence pack
Prepare ownership, authority and constitutional evidence when a foreign company will own shares in a new Cyprus company.
Sumly team6 min read
- VAT
How VAT works for Cyprus freelancers
When a Cyprus freelancer must register for VAT, the €15,600 threshold, what to charge Cyprus, EU and non-EU clients, and how the quarterly return works.
Sumly team6 min read
- Comparisons
Cyprus vs Greece for a company: tax, payroll, language and bureaucracy compared
Cyprus charges 15% to Greece's 22%, taxes dividends more lightly, and runs its administration in Greek and English. The full comparison, plus formation from €950.
Sumly team9 min read
- Residency
The Yellow Slip in Cyprus, explained: who needs it and how to apply
The Yellow Slip is Cyprus's registration certificate for EU citizens, applied for on form MEU1. Apply within four months of arriving. The fee is €20. Sumly prepares and files it with you for €400.
Sumly team8 min read
- Tax
The Cyprus tax reform 2026, explained: what changed and what it means for your company
Every change in the 2026 Cyprus tax reform: the 15% corporate rate, 5% SDC on dividends and its transitional trap, and the end of deemed distributions and stamp duty.
Sumly team11 min read
- IP Box
How to claim the Cyprus IP Box: process, nexus calculation, records
Which assets qualify, how the nexus fraction works, the records to keep for each asset and how the 80% deduction reaches your return. Sumly calculates it in your books.
Sumly team9 min read
- VAT
VAT registration in Cyprus: threshold and how to register
When a Cyprus company must register: the €15,600 rolling threshold, the 30-day test, registering through Tax For All, and what changes after. Sumly does both.
Sumly team8 min read
- Tax
Cyprus taxes for software companies: IP Box and the founder stack
What a Cyprus software company pays in 2026: 15% corporate tax, a 3% effective rate on qualifying IP Box profit, and VAT and VIES on cross-border sales.
Sumly team8 min read
- Compliance
- Tax
Cyprus tax identification code (TIC): registering a new company with the Tax Department
Every Cyprus company must register with the Tax Department within 60 days of incorporation. See how TIC registration works on Tax For All and which filings follow.
Sumly team8 min read- Company formation
Starting a Cyprus company with two founders: ownership, voting and a workable split
Settle a two-founder Cyprus company's share split, voting, work contributions and exit arrangements before signing the incorporation documents.
Sumly team6 min read- Residency
- Tax
Cyprus tax benefits for foreigners: the full founder's picture
What non-dom status, 60-day residency, the 50% first-employment exemption, 15% corporate tax and the 3% IP Box are worth to a foreign founder in 2026, and what each asks of you.
Sumly team9 min read
- Bookkeeping
Pre-establishment expenses in Cyprus: claiming costs from before your company existed
How a new Cyprus company deducts costs paid before incorporation: the wholly and exclusively test, the separate VAT reclaim windows, and how to book it all.
Sumly team6 min read- Bookkeeping
- Tax
Tax-deductible expenses for a Cyprus company: what counts, what doesn't, and the proof you need
What a Cyprus company can deduct and what it can't. The wholly-and-exclusively test, the disallowed list, the entertainment cap and the proof you need.
Sumly team11 min read- Bookkeeping
- Compliance
Cyprus company monthly bookkeeping checklist
Close your Cyprus company's books each month with a practical checklist for documents, invoices, bank accounts, payroll, VAT balances and reports.
Sumly team5 min read- Bookkeeping
- Payroll
- Tax
Paying yourself from a Cyprus company: a practical bookkeeping guide
How to record money a Cyprus company pays its owner: salary, dividends, expense reimbursements and loan repayments, with the documents to keep and worked examples.
Sumly team5 min read- Bookkeeping
How to choose accounting software for a Cyprus company
Five checks for choosing accounting software for a Cyprus company: VAT boxes, native VIES, the filing calendar, bank feeds and a clean exit. Try Sumly free.
Sumly team8 min read
- Company formation
Nominee directors in Cyprus: what they are, when they're used, and the risks
What a nominee director does, the duties and liability the office carries, why it can't hide who owns the company, and how the 2026 reform changed the case for one.
Sumly team8 min read
- Company formation
Shelf company vs new company in Cyprus: which is faster and cheaper?
A shelf company is a pre-registered dormant Cyprus company. Compare its transfer filings, fees and checks with a fresh incorporation, which Sumly does for €950.
Sumly team7 min read
- IP Box
Cyprus IP Box explained: the 80% deduction and the 3% effective rate
How the Cyprus IP Box works in 2026: the 80% deduction, the 3% effective rate, which assets qualify and the nexus fraction. Sumly helps you set up the claim and tracks it.
Sumly team6 min read
- VAT
VIES submissions in Cyprus: what, when and how to file
Cyprus VIES statements are monthly, filed only through Tax For All and due by the 15th. Who files, nil returns, penalties, and how Sumly prepares yours from your books.
Sumly team6 min read- Company formation
How to register a company in Cyprus: every step, from name approval to a live company
Name approval, the HE1 filing and its fees, who signs what, and what follows the certificate. Or Sumly does all of it for €950, with a 100% approval guarantee.
Sumly team7 min read- Banking
- Bookkeeping
Multi-currency bookkeeping for a Cyprus company: rates, VAT and bank accounts
How a Cyprus company keeps euro books while invoicing in dollars or pounds: which exchange rate to use, realised differences, and showing VAT in euro.
Sumly team9 min read
- Bookkeeping
Cyprus accounting records requirements: what a company must keep, and for how long
What a Cyprus company must keep, the six-year retention rule that applies from 2026, the four-month deadline to write up the books, and how digital records work.
Sumly team10 min read- Banking
Bank reconciliation for a Cyprus company: the monthly routine that makes the books trustworthy
What bank reconciliation means for a Cyprus company, how the monthly routine runs, the five usual mismatches, and how open-banking feeds do most of the work.
Sumly team9 min read- VAT
- Bookkeeping
How to correct a VAT return in Cyprus
Found a missing invoice or the wrong VAT treatment after filing? Trace the error, prepare a Cyprus VAT amendment and reconcile the corrected return in Tax For All.
Sumly team6 min read- Bookkeeping
- Banking
PayPal bookkeeping for Cyprus businesses: sales, fees and the payout balance
Reconcile PayPal sales, refunds, fees and withdrawals for a Cyprus business without booking the same revenue twice when the money reaches the bank.
Sumly team6 min read
- Tax
Cyprus Holding Company: Benefits, Setup & Rules
What a Cyprus holding company pays in 2026. The participation exemption on dividends in, 5% SDC for domiciled shareholders, 2.65% GeSY for non-doms, and the substance it needs. Sumly forms one for €950.
Sumly team9 min read
- Comparisons
Cyprus vs Ireland for founders: tax, IP regimes, substance and cost
Ireland taxes trading profit at 12.5%. Cyprus charges a flat 15%, with a 3% IP Box and low-tax dividends. Where each wins, with 2026 figures. Cyprus formation from €950.
Sumly team10 min read- Bookkeeping
How to read a profit-and-loss report for your Cyprus business
Understand revenue, direct costs, operating expenses and profit with a worked Cyprus business example, and see why profit differs from cash and taxable income.
Sumly team5 min read- Comparisons
Self-employed or limited company in Cyprus: which should you choose?
How each is taxed, what each files every year, and the profit where incorporating pays. Sumly registers either: €200 self-employed, €950 for a company.
Sumly team9 min read
- Bookkeeping
- Compliance
Audit requirements in Cyprus: which companies need one and when
Every Cyprus company's accounts need sign-off from a licensed statutory auditor. Here are the 2026 thresholds and deadlines, and you can order an audit in Sumly from €950.
Sumly team7 min read- Residency
Move Your Business to Cyprus: Founder's Guide (2026)
Most founders move to Cyprus by forming a new Cyprus limited company, not by redomiciling. The steps, your residency and the old company. Formation €950 flat.
Sumly team9 min read
- Banking
How to open a business bank account in Cyprus (banks vs Revolut/Wise)
What Cyprus banks ask for, how long onboarding takes, how they treat non-resident directors, and where Revolut Business and Wise fit.
Sumly team7 min read
- VAT
- Tax
Cyprus VAT refund: how a company claims input VAT back
In Cyprus the repayment VAT return is the refund claim, filed through Tax For All. The evidence the Tax Department asks for, when interest runs, and what delays a claim.
Sumly team10 min read
- Comparisons
Cyprus vs Dubai for founders: EU base or Gulf base?
The UAE taxes profit at 9% above AED 375,000. Cyprus charges 15%, inside the EU single market. How the two compare for founders, and what Cyprus costs: €950.
Sumly team8 min read- VAT
- Compliance
- Bookkeeping
Intrastat in Cyprus: 2026 thresholds and the goods records behind each report
The 2026 Cyprus Intrastat thresholds for arrivals and dispatches, how to tell when reporting starts, and how to prepare goods data separately from VAT and VIES.
Sumly team5 min read- Bookkeeping
- Compliance
- Banking
Opening balances for Cyprus bookkeeping: prove what the business owes and owns on day one
Check your opening balances before you start a new ledger, using the trial balance, customer and supplier schedules, statements and documented adjustments.
Sumly team6 min read- Bookkeeping
- Tax
Director and shareholder loans in Cyprus: money into and out of your company
Understand director-loan accounts in Cyprus, distinguish owner funding from withdrawals, record repayments and check the tax issues before moving money.
Sumly team6 min read- Bookkeeping
- Banking
Catch-up bookkeeping in Cyprus: recover missing months without inventing opening figures
A practical order for rebuilding missing Cyprus bookkeeping: prove your opening balances, rebuild month by month, and keep unresolved transactions apart from finished work.
Sumly team6 min read- Company formation
- Compliance
Choosing a Cyprus company formation provider: the questions to settle before you appoint one
How to compare formation providers: who does each step, what counts as done, who holds authority, what evidence you get, and the handover after incorporation.
Sumly team6 min read- Compliance
How to close a Cyprus company: strike-off, liquidation and what has to be clean first
How to close a Cyprus company: strike-off on form HE60, voluntary liquidation, the filings and tax that must be settled first, and when keeping it dormant is better.
Sumly team11 min read
- Company formation
Cyprus company formation cost: the official fees, and what a provider adds on top
Registering a Cyprus company costs €175 in government fees, or €295 expedited. See the full 2026 Registrar table and what providers add. Sumly does it all for €950.
Sumly team8 min read
- Tax
Corporate tax in Cyprus: rate, deadlines and how it really works
Cyprus corporate tax is 15% from tax year 2026 and 12.5% for 2025 and earlier. See when the TD4 return and both provisional tax instalments are due, and what the reform changed.
Sumly team9 min read- VAT
- Bookkeeping
VAT bad-debt relief in Cyprus: what to check when a customer never pays
Check Cyprus VAT bad-debt relief conditions, write-off records, partial payments and the claim process before recovering VAT on an unpaid customer invoice.
Sumly team5 min read- Compliance
- VAT
- Bookkeeping
How to get an EORI number in Cyprus before your first shipment
Apply for a Cyprus EORI number on form C.1000 with the right company records and representative authorisation, then keep the customs documents in your bookkeeping.
Sumly team5 min read
- Tax
Social insurance rates in Cyprus 2026: employer, employee, self-employed
Cyprus Social Insurance in 2026: 8.8% each for employee and employer, 16.6% self-employed, the employer-only funds, the €68,904 ceiling and payment deadlines.
Sumly team7 min read- Compliance
- Company formation
Cyprus UBO register: registration, annual confirmation and changes
Cyprus UBO registration explained: the annual confirmation window, ownership changes and the filing evidence to keep. See how Sumly can help with the process.
Sumly team5 min read
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