Accountants and corporate service providers in Limassol

Limassol is the largest and most international market for professional help in Cyprus: 93 firms are based here, and 64 of them say they focus on foreign clients. Fifty-two are accounting firms, 32 are corporate service providers and nine are law firms. A founder arriving from abroad can therefore compare dozens of practices without leaving one city, and the choice is not limited to one trade.

The firms are overwhelmingly small. Seventy-two are small practices, fifteen are medium and six belong to large international networks. Forty-five of them state a founding year; the oldest dates from 1963 and the median is 2004, so many of these practices have served overseas owners for two decades or more.

Firms in Limassol

LSTS

Corporate services provider · Medium-sized firm

Limassol

  • Company formation
  • Accounting and bookkeeping
  • Tax compliance
  • +6 more
View profile of LSTS

Anstia Ltd

Accounting firm · Boutique firm

Limassol

  • Company formation
  • Accounting and bookkeeping
  • Tax compliance
  • +3 more

Languages: English · Russian · Greek

View profile of Anstia Ltd

69 more firms in Limassol

What sets Limassol apart

Shipping is the sector named most often, by 29 firms, closely followed by real estate (28) and funds (15). Start-ups, fintech, technology, construction and financial services are each named by nine or ten, and manufacturing and intellectual property also appear. If your company will manage vessels, hold property or run a fund, the firms in Limassol say they have worked with that kind of client.

It is also the Cyprus city where language matters most. English is offered by 54 firms, but Russian is offered by 24, more than Greek (14), and six firms name Russian-speaking clients as a client group. Bulgarian is offered by three firms, Chinese by two, and Swedish and Italian by one each. If your first language is Russian, you will find far more choice here than in Nicosia or Larnaca.

Entity types show the same international bent. Trusts are named by 31 firms, limited companies by 27, private limited companies by twelve, holding companies by eleven and partnerships by ten; nine firms mention shelf companies, which are ready-made companies that can be transferred quickly. Client groups include local and international clients (twelve firms), high-net-worth individuals (ten), multinational groups (seven) and foreign investors (six).

Services you can expect

Of the 93 firms, 89 offer accounting, 88 tax compliance and 84 company formation. VAT is offered by 74, payroll by 74, corporate secretarial work by 71 and bank account assistance by 62. Audit is offered by 56, residence and visa support by 48 and a virtual office by 41.

Choosing and checking

Cyprus law reserves some work to lawyers: only lawyers licensed by the Cyprus Bar Association may prepare and sign the memorandum of a new company, so a firm that is not itself a law firm will work with one. Ask who that lawyer is and how the fee is split. Several accounting firms cite membership of the Institute of Certified Public Accountants of Cyprus, so ask for the membership details if that matters to you.

The legal steps are covered in the guide to setting up a company in Cyprus, and the providers that do formation work are compared on company formation in Cyprus. The capital’s larger accounting group is on the Nicosia page. For a shortlist, send one free quote request.

Frequently asked questions

How many firms in Limassol work with foreign clients?

Sixty-four of the 93 firms say they focus on foreign clients. Fifty-two are accounting firms, 32 are corporate service providers and nine are law firms, so you can compare different types of provider.

Can I get help in Russian in Limassol?

Yes. Twenty-four firms offer Russian, and six name Russian-speaking clients as a client group. English is offered by 54 firms and Greek by 14, so you can usually work in the language you prefer.

Which sectors do firms in Limassol name most?

Shipping is named by 29 firms and real estate by 28. Funds are named by 15, and start-ups, fintech, technology, construction and financial services by nine or ten each. Ask for examples of work similar to yours.

Does a firm in Limassol have to use a lawyer to form my company?

Cyprus law lets only lawyers licensed by the Cyprus Bar Association prepare and sign the memorandum. A firm that is not itself a law firm will work with a lawyer, so ask who that is and how the fee is split.

Do firms in Limassol offer audit and payroll as well as formation?

Most do. Of the 93 firms, 56 offer audit, 74 offer payroll and 84 offer company formation. Ask each firm whether those services are done in-house or by a partner.

Where do I look if I want a smaller practice?

Paphos and Larnaca each have 35 firms, mostly small practices. Nicosia has 80 firms, with a larger share of accounting firms than Limassol.

Other cities in Cyprus

Services in Cyprus

Setting up a company in Cyprus: the guide and every firm

General information, not legal or tax advice. Rules, rates and fees change: check them with the official sources linked on this page or with a qualified adviser before you act.