Cyprus

Ernst & Young has been operating in Cyprus since 1936

Ernst & Young Cyprus is a leading accounting firm offering a full range of integrated services in Assurance and Advisory Business Services, Transaction Advisory Services, Tax Advisory and Compliance Services, Corporate Recovery and Restructuring Services and Company Administration Services.

Since 1997, Ernst & Young in Cyprus has been part of Ernst & Young Southeast Europe, enabling its clients to benefit both from the experience and know-how of the professional staff in Cyprus and the resources and skills of all the Ernst & Young specialists in the region. The firm provides services to clients in the energy, chemicals and utilities, financial services, industrial products, real estate, hospitality and construction, retail and consumer products, services, technology, communications and entertainment and transportation industries.

The clients of Ernst & Young Cyprus range from major public companies and large multinationals to entrepreneurial businesses and private individuals. Ernst & Young in Cyprus has over 20 people and has offices in Nicosia and Limassol.

Country Managing Partner: George Kouris

Cyprus Tax Facts 2008
The booklet includes selected tax rates and rules governing the computation of major taxes. This publication has been created based on the most common questions and issues we come across during our everyday work with investors in Cyprus. The tax advisors of Ernst & Young Cyprus will be pleased to discuss any issues that are of interest to you.

• English version
( , 444kb )
• Greek version
( , 554kb )

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Companies Law Amendments
An newsletter from Ernst & Young's Assurance and Advisory Business Services, which provides a summary of the main amendments made recently to the Cyprus Companies Law (, 141kb).

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Blood donation with Nicosia Rotaract clubs
Ernst & Young Cyprus, one of the leading accounting firms, in cooperation with the Rotaract club of Nicosia-Lefkothea and the Rotaract club of Nicosia, organized on 10 October 2007, a blood donation at its premises in Nicosia.
Read more in the press release.
View the donors pictures.

Tax News October 2007

Tax newsletter with latest information related to Cyprus Tax Laws. View the newsletter:

• English version
( , 3640kb )
• Greek version
( , 3650kb )

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Doing Business in Cyprus 2008

Provides the busy executive a quick overview of the investment climate, taxation, forms of business organization, business and accounting practices, as well as other aspects pertaining to initiating and developing business in Cyprus. <a href="/Global/assets.nsf/EYSEE/Southeast_Europe:_An_emergent_FDI_destination_in_Europe/$file/SEE Attractiveness Survey 2008_FINAL (EN).pdf">Download (8549kb)

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ACCA Platinum Award

Ernst & Young Cyprus gains platinum level award as a continuous professional development employer and as a training organisation. Read more.

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Articles by our professionals

• How to deal with crisis
• Cross border transactions
• Fraud risk
• Cause Marketing
• Global Gaming Bulletin
• EC request to foreign pensions fund

70 Year Celebrations for EY Cyprus

Ernst & Young organized on October 9, 2007, a Cocktail party to celebrate its 70 years of operation in Cyprus. Guests included clients and ex and current associates who have contributed to the Firm’s success over the years, Government officials, Members of Parliament and Ambassadors accredited to the Republic. Read more on the press release.

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Euro Newsletter (Nov. 2007)

Provides a brief summary of the accounting and relevant legal implications from the introduction of the Euro in Cyprus on 1 January 2008. View the newsletter:

• English version
( , 143kb )
• Greek version
( , 151kb )

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MiFID Newsletter

Introduction of the European Markets in Financial Instruments Directive (MiFID) into the Cyprus Legislation. View the newsletter:

• English version
( , 172kb )