Cyprus is one of the most transparent and well-regulated business jurisdictions in Europe. One of the key obligations for companies registered in Cyprus is the annual audit of their financial statements by a licensed independent auditor.

Cyprus continues to strengthen its position as an attractive hub for legal, corporate, and financial services in Europe and the Eastern Mediterranean.

Cyprus is implementing a major tax reform that will come into effect on January 1, 2026. This is the first large-scale modernization of the tax system in more than 20 years.