# Tsquared Services
> Tsquared is a Cyprus accounting firm offering tax planning, bookkeeping, payroll, audit and financial advisory for individuals, freelancers and businesses.

Office: Griva Digeni 78, 3rd Floor, 3101 Limassol, Cyprus. Serves: Cyprus, Limassol, Nicosia, Larnaca, Paphos.
Contact: +357 99941705 · tnicolaou@tsquaredservices.com · Map: https://www.google.com/maps/search/?api=1&query=Griva%20Digeni%2078%2C%203101%20Limassol%2C%20Cyprus
Social: Instagram https://www.instagram.com/tsquaredaccounting/ · Facebook https://www.facebook.com/tsquaredservices/ · LinkedIn https://www.linkedin.com/company/t-squared-accounting-services-ltd

## Services
- [Tax Planning & Preparation](/services/tax-planning): Tsquared prepares and files Cyprus personal (TD1) and corporate (TD4) tax returns, plans deductions and structures income so individuals and businesses pay only what they legally owe.
- [Bookkeeping & Accounting](/services/bookkeeping-accounting): Tsquared keeps your books up to date every month, reconciles bank accounts and prepares management and year-end accounts so you always know your cash flow and profit.
- [Payroll Management](/services/payroll): Tsquared runs monthly payroll for Cyprus employers, calculates PAYE, Social Insurance and GHS contributions, issues payslips and files all statutory submissions on time.
- [Financial Consulting & Advisory](/services/financial-advisory): Tsquared advises businesses and individuals on budgeting, cash-flow forecasting, pricing, funding and long-term financial planning.
- [Audit & Assurance](/services/audit-assurance): Tsquared coordinates statutory audits for Cyprus companies, prepares audit-ready records and provides assurance reviews that identify financial risks.

## Industries
### [Real Estate & Property Investors](/industries/real-estate)
Tsquared helps Cyprus property owners, landlords and estate agencies handle rental income tax, capital gains tax, VAT on property and bookkeeping so every transaction is compliant and tax-efficient.
- [Tax Planning & Preparation for Real Estate & Property Investors](/industries/real-estate/tax-planning)
- [Bookkeeping & Accounting for Real Estate & Property Investors](/industries/real-estate/bookkeeping-accounting)
- [Payroll Management for Real Estate & Property Investors](/industries/real-estate/payroll)
- [Financial Consulting & Advisory for Real Estate & Property Investors](/industries/real-estate/financial-advisory)
- [Audit & Assurance for Real Estate & Property Investors](/industries/real-estate/audit-assurance)
- [Real Estate & Property Investors Accountants in Limassol](/industries/real-estate/limassol)
- [Real Estate & Property Investors Accountants in Nicosia](/industries/real-estate/nicosia)
- [Real Estate & Property Investors Accountants in Larnaca](/industries/real-estate/larnaca)
- [Real Estate & Property Investors Accountants in Paphos](/industries/real-estate/paphos)
- [Real Estate & Property Investors Accountants in Famagusta (Ayia Napa & Protaras)](/industries/real-estate/famagusta)
- [Rental income tax in Cyprus](/industries/real-estate/rental-income-tax): Rental income in Cyprus is taxed under personal income tax after a 20% deduction for wear and tear, and from 2026 Special Defence Contribution on rental income has been abolished.
- [Capital gains tax on Cyprus property](/industries/real-estate/capital-gains-tax-property): Cyprus charges 20% capital gains tax on gains from disposing of Cyprus real estate, with lifetime exemptions for individuals and inflation indexation on the original cost.
- [VAT on property purchases](/industries/real-estate/vat-on-property): New residential property in Cyprus attracts 19% VAT, with a reduced 5% rate available on qualifying primary residences subject to size and value limits.
- [Short-let and Airbnb tax](/industries/real-estate/airbnb-short-let-tax): Short-let income in Cyprus must be declared as rental or business income, and owners must register with the Deputy Ministry of Tourism and may need to charge VAT once turnover passes the threshold.
- [Transfer fees and stamp duty](/industries/real-estate/immovable-property-transfer-fees): Cyprus land registry transfer fees range from 3% to 8% on the purchase price, are halved where no VAT was paid, and stamp duty of up to 0.2% applies to the sale contract.
- [Buying property through a company](/industries/real-estate/buying-through-a-company): Holding Cyprus property through a company can reduce tax on rental profits to the 15% corporate rate (from 2026), but adds deemed-distribution, audit and administration costs that must be weighed up.
- [Accounting for estate agencies](/industries/real-estate/estate-agent-accounting): Estate agencies in Cyprus need monthly bookkeeping, VAT on commissions, client-money separation and audited annual accounts to keep their licence and stay compliant.
- [Structuring a property portfolio](/industries/real-estate/property-investor-structuring): Investors with several Cyprus properties can lower tax by choosing the right mix of personal ownership, companies and family holding structures, planned before purchase rather than after.
- [Non-resident landlords](/industries/real-estate/non-resident-landlords): Non-resident owners of Cyprus property must still declare and pay Cyprus tax on local rental income, and can usually claim credit in their home country under a double tax treaty.
- [Annual property-related taxes](/industries/real-estate/immovable-property-tax): Cyprus abolished annual immovable property tax in 2017, but owners still pay municipal and sewerage fees and must keep title deeds and records in order.
- [Deductible rental expenses](/industries/real-estate/rental-property-expenses): Landlords can deduct loan interest, the 20% notional allowance and, through a company, actual repair, management and depreciation costs from Cyprus rental income.
- [Selling inherited property](/industries/real-estate/selling-inherited-property): Inherited Cyprus property is valued at the date of death for capital gains purposes, so heirs often pay little or no CGT if they sell soon after inheriting.
- [Tax residency through property](/industries/real-estate/property-tax-residency): Buying a Cyprus home supports, but does not by itself create, Cyprus tax residency; you must meet the 183-day or 60-day rule to become resident.
- [Bookkeeping for landlords](/industries/real-estate/real-estate-bookkeeping): Simple monthly bookkeeping for each property - rent received, costs paid and deposits held - makes your Cyprus tax return quick and protects you in any Tax Department review.
### [Property Developers](/industries/property-developers)
Tsquared provides Cyprus property developers with project-based accounting, VAT recovery, cash-flow forecasting and audit support so every development stays profitable and bankable.
- [Tax Planning & Preparation for Property Developers](/industries/property-developers/tax-planning)
- [Bookkeeping & Accounting for Property Developers](/industries/property-developers/bookkeeping-accounting)
- [Payroll Management for Property Developers](/industries/property-developers/payroll)
- [Financial Consulting & Advisory for Property Developers](/industries/property-developers/financial-advisory)
- [Audit & Assurance for Property Developers](/industries/property-developers/audit-assurance)
- [Property Developers Accountants in Limassol](/industries/property-developers/limassol)
- [Property Developers Accountants in Nicosia](/industries/property-developers/nicosia)
- [Property Developers Accountants in Larnaca](/industries/property-developers/larnaca)
- [Property Developers Accountants in Paphos](/industries/property-developers/paphos)
- [Property Developers Accountants in Famagusta (Ayia Napa & Protaras)](/industries/property-developers/famagusta)
- [Project-based accounting](/industries/property-developers/project-accounting): Developers should track every Cyprus project as its own cost centre, recording land, construction, finance and sales costs separately so margins and bank covenants are always visible.
- [VAT reverse charge in construction](/industries/property-developers/vat-reverse-charge-construction): Cyprus applies a domestic VAT reverse charge to construction services between VAT-registered businesses, so the developer, not the subcontractor, accounts for the VAT.
- [Off-plan sales and revenue recognition](/industries/property-developers/off-plan-revenue-recognition): Under IFRS 15, revenue from Cyprus off-plan sales is recognised either over time or at handover depending on the contract, which significantly changes reported profit and tax timing.
- [Structuring a development company](/industries/property-developers/development-company-structure): Many Cyprus developers use a special-purpose company for each project, which ring-fences risk, simplifies financing and allows clean exits through a share sale.
- [Tax on land acquisition](/industries/property-developers/land-acquisition-tax): Buying development land in Cyprus can trigger transfer fees, VAT on building land and capital gains tax for the seller, so the deal structure should be planned before signing.
- [Cash-flow forecasting for builds](/industries/property-developers/construction-cash-flow): A rolling 13-week and full-project cash-flow forecast lets Cyprus developers time drawdowns, contractor payments and sales receipts and avoid costly funding gaps.
- [Reporting to banks and lenders](/industries/property-developers/bank-finance-reporting): Cyprus banks financing developments require regular cost reports, sales updates and audited accounts; preparing them accurately keeps facilities available and cheaper.
- [Paying subcontractors correctly](/industries/property-developers/subcontractor-payments): Developers must check subcontractor VAT and Social Insurance status, apply reverse charge where relevant and keep signed valuations to support every payment.
- [Capital allowances for developers](/industries/property-developers/capital-allowances-developers): Buildings held for rent qualify for Cyprus capital allowances, whereas buildings held for sale are trading stock, so classification affects both tax and accounts.
- [Joint-venture developments](/industries/property-developers/joint-venture-developments): Joint ventures between landowners and developers in Cyprus need clear profit-sharing, VAT and tax agreements, with separate accounting so each partner's share is transparent.
- [Attracting foreign investors](/industries/property-developers/foreign-investor-developments): Audited accounts, clear structures and transparent reporting make Cyprus developments far easier to market to foreign investors and investment-programme buyers.
- [Exit and sale planning](/industries/property-developers/development-exit-planning): Selling a completed project or the company that owns it has very different tax results in Cyprus, so the exit route should be planned at the start of the development.
- [Payroll for construction staff](/industries/property-developers/construction-payroll): Construction payroll in Cyprus must handle Social Insurance, GHS, holiday fund contributions and site allowances correctly to avoid labour inspection penalties.
- [Audit for development companies](/industries/property-developers/developer-audit): Every Cyprus company, including development SPVs, needs an annual statutory audit, and developers benefit from auditors who understand project costing and revenue recognition.
### [Relocation to Cyprus](/industries/relocation)
Tsquared guides people and businesses relocating to Cyprus through tax residency, non-domicile status, the 50% and 20% new-resident income exemptions, company set-up and payroll from day one.
- [Tax Planning & Preparation for Relocation to Cyprus](/industries/relocation/tax-planning)
- [Bookkeeping & Accounting for Relocation to Cyprus](/industries/relocation/bookkeeping-accounting)
- [Payroll Management for Relocation to Cyprus](/industries/relocation/payroll)
- [Financial Consulting & Advisory for Relocation to Cyprus](/industries/relocation/financial-advisory)
- [Audit & Assurance for Relocation to Cyprus](/industries/relocation/audit-assurance)
- [Relocation to Cyprus Accountants in Limassol](/industries/relocation/limassol)
- [Relocation to Cyprus Accountants in Nicosia](/industries/relocation/nicosia)
- [Relocation to Cyprus Accountants in Larnaca](/industries/relocation/larnaca)
- [Relocation to Cyprus Accountants in Paphos](/industries/relocation/paphos)
- [Relocation to Cyprus Accountants in Famagusta (Ayia Napa & Protaras)](/industries/relocation/famagusta)
- [The 183-day residency rule](/industries/relocation/tax-residency-183-day-rule): You become Cyprus tax resident under the 183-day rule if you spend more than 183 days in Cyprus in a calendar year, regardless of where else you live.
- [The 60-day residency rule](/industries/relocation/tax-residency-60-day-rule): The Cyprus 60-day rule lets you become tax resident after just 60 days if you are not resident elsewhere, spend under 183 days in any other country, and have Cyprus work and a home.
- [Cyprus non-dom status](/industries/relocation/non-dom-status): Cyprus non-domiciled residents pay no Special Defence Contribution on dividends, interest and rental income for up to 17 years, making Cyprus one of the most attractive EU bases.
- [The 50% income exemption](/industries/relocation/50-percent-exemption): New Cyprus residents earning over €55,000 a year from Cyprus employment can claim a 50% income tax exemption for up to 17 years if they were not previously Cyprus resident.
- [The 20% income exemption](/industries/relocation/20-percent-exemption): First-time Cyprus employees can exempt 20% of employment income, up to €8,550 a year, for seven years, as an alternative to the 50% exemption.
- [Moving your business to Cyprus](/industries/relocation/moving-a-business-to-cyprus): Relocating a company to Cyprus usually means establishing management and control on the island, registering a local company or branch and meeting substance requirements.
- [Tax for relocating families](/industries/relocation/family-relocation-tax): Families moving to Cyprus should plan each spouse's residency, schooling costs and pension income together, as Cyprus taxes individuals separately rather than as a household.
- [Digital nomad visa and tax](/industries/relocation/digital-nomad-visa): Cyprus digital nomad visa holders who stay over 183 days become tax resident, so remote workers should plan which country taxes their salary before they arrive.
- [Foreign pensions in Cyprus](/industries/relocation/foreign-pension-tax): Cyprus residents can choose to pay a flat 5% tax on foreign pension income above €3,420 a year instead of normal income tax rates.
- [Leaving your home country](/industries/relocation/exit-tax-home-country): Before relocating to Cyprus, check exit taxes, split-year rules and deregistration in your current country so you do not remain taxable there.
- [Getting a Cyprus TIN](/industries/relocation/tax-identification-number): Every new Cyprus resident needs a Tax Identification Number from the Tax Department, which we register on your behalf through the TaxisNet portal.
- [Opening a Cyprus bank account](/industries/relocation/relocation-banking): Cyprus banks need proof of address, source of funds and tax residency before opening accounts, and a well-prepared file shortens the process considerably.
- [Relocating employees to Cyprus](/industries/relocation/relocating-employees): Companies moving staff to Cyprus can use the Business Facilitation Unit for fast work permits and apply the 50% exemption through Cyprus payroll from the first month.
- [Your first Cyprus tax return](/industries/relocation/first-year-tax-return): In your first year in Cyprus you file a TD1 declaring worldwide income from the date you became resident, claiming any new-resident exemptions and foreign tax credits.
### [Doctors & Medical Practices](/industries/doctors-medical)
Tsquared helps Cyprus doctors and private clinics with self-employed tax returns, GESY income accounting, practice bookkeeping, payroll and incorporation decisions so clinicians can focus on patients.
- [Tax Planning & Preparation for Doctors & Medical Practices](/industries/doctors-medical/tax-planning)
- [Bookkeeping & Accounting for Doctors & Medical Practices](/industries/doctors-medical/bookkeeping-accounting)
- [Payroll Management for Doctors & Medical Practices](/industries/doctors-medical/payroll)
- [Financial Consulting & Advisory for Doctors & Medical Practices](/industries/doctors-medical/financial-advisory)
- [Audit & Assurance for Doctors & Medical Practices](/industries/doctors-medical/audit-assurance)
- [Doctors & Medical Practices Accountants in Limassol](/industries/doctors-medical/limassol)
- [Doctors & Medical Practices Accountants in Nicosia](/industries/doctors-medical/nicosia)
- [Doctors & Medical Practices Accountants in Larnaca](/industries/doctors-medical/larnaca)
- [Doctors & Medical Practices Accountants in Paphos](/industries/doctors-medical/paphos)
- [Doctors & Medical Practices Accountants in Famagusta (Ayia Napa & Protaras)](/industries/doctors-medical/famagusta)
- [Accounting for GESY income](/industries/doctors-medical/gesy-income-accounting): Doctors contracted to GESY must reconcile HIO payments against their patient records each month and declare that income as self-employed or company income in Cyprus.
- [Tax for self-employed doctors](/industries/doctors-medical/self-employed-doctor-tax): Self-employed Cyprus doctors pay personal income tax on profits, Social Insurance and GHS contributions, and must file provisional tax and, above €70,000 turnover, audited accounts.
- [Incorporating a medical practice](/industries/doctors-medical/incorporating-a-medical-practice): Moving a Cyprus medical practice into a company can cut tax on retained profits to the 15% corporate rate, but doctors should compare dividend taxes, audit costs and professional rules first.
- [Bookkeeping for clinics](/industries/doctors-medical/clinic-bookkeeping): Private clinics in Cyprus need monthly bookkeeping covering patient fees, insurance receipts, GESY payments and supplier invoices to track profitability by department.
- [Capital allowances on equipment](/industries/doctors-medical/medical-equipment-allowances): Medical equipment bought by a Cyprus practice qualifies for annual capital allowances, letting doctors deduct the cost of scanners, chairs and IT over several years.
- [VAT and medical services](/industries/doctors-medical/vat-for-doctors): Medical care provided by licensed Cyprus doctors is VAT-exempt, but cosmetic treatments, product sales and some consultancy services can be VAT-able.
- [Payroll for clinics](/industries/doctors-medical/clinic-payroll): Clinic payroll must cover nurses, receptionists and associate doctors with correct Social Insurance, GHS and PAYE deductions and monthly submissions.
- [Pension planning for doctors](/industries/doctors-medical/doctor-pension-planning): Doctors in Cyprus can deduct contributions to approved provident and pension funds and life insurance, up to one-fifth of income, reducing their tax bill.
- [Foreign doctors moving to Cyprus](/industries/doctors-medical/foreign-doctors-relocating): Doctors relocating to Cyprus can often claim the 50% new-resident exemption on employment income and non-dom status on investment income.
- [Deductible practice expenses](/industries/doctors-medical/medical-practice-expenses): Cyprus doctors can deduct rent, staff, insurance, equipment, CPD courses and professional subscriptions from practice income when supported by invoices.
- [Accounting for dental practices](/industries/doctors-medical/dental-practice-accounting): Dental practices in Cyprus combine VAT-exempt treatment with VAT-able cosmetic work and lab costs, so careful bookkeeping is needed to apply the right treatment.
- [Medical partnerships](/industries/doctors-medical/medical-partnership): Doctors sharing premises in Cyprus can form a partnership or service company, with clear profit-sharing and cost allocation agreed in writing.
- [Audit for private hospitals](/industries/doctors-medical/private-hospital-audit): Private hospitals and large clinics need statutory audits that test GESY receivables, insurer claims and inventory, which we deliver with healthcare-experienced auditors.
- [Provisional tax for doctors](/industries/doctors-medical/doctor-provisional-tax): Self-employed Cyprus doctors must estimate profits and pay provisional tax in two instalments by 31 July and 31 December, with penalties if the estimate is too low.
### [Investment Funds & Fund Managers](/industries/investment-funds)
Tsquared supports Cyprus investment funds and fund managers with NAV-ready fund accounting, CySEC reporting, IFRS financial statements, tax structuring and audit coordination.
- [Tax Planning & Preparation for Investment Funds & Fund Managers](/industries/investment-funds/tax-planning)
- [Bookkeeping & Accounting for Investment Funds & Fund Managers](/industries/investment-funds/bookkeeping-accounting)
- [Payroll Management for Investment Funds & Fund Managers](/industries/investment-funds/payroll)
- [Financial Consulting & Advisory for Investment Funds & Fund Managers](/industries/investment-funds/financial-advisory)
- [Audit & Assurance for Investment Funds & Fund Managers](/industries/investment-funds/audit-assurance)
- [Investment Funds & Fund Managers Accountants in Limassol](/industries/investment-funds/limassol)
- [Investment Funds & Fund Managers Accountants in Nicosia](/industries/investment-funds/nicosia)
- [Investment Funds & Fund Managers Accountants in Larnaca](/industries/investment-funds/larnaca)
- [Investment Funds & Fund Managers Accountants in Paphos](/industries/investment-funds/paphos)
- [Investment Funds & Fund Managers Accountants in Famagusta (Ayia Napa & Protaras)](/industries/investment-funds/famagusta)
- [Accounting for AIFs](/industries/investment-funds/aif-accounting): Cyprus Alternative Investment Funds need IFRS financial statements, periodic NAV calculations and investor reporting that meet CySEC requirements under the AIF Law.
- [Setting up a RAIF](/industries/investment-funds/raif-setup): A Cyprus Registered AIF (RAIF) can launch within about a month without CySEC authorisation, provided it is managed by an authorised external AIFM.
- [UCITS reporting](/industries/investment-funds/ucits-reporting): Cyprus UCITS funds must publish semi-annual and annual reports, KIDs and regular NAVs while staying within strict investment and liquidity limits.
- [How Cyprus funds are taxed](/industries/investment-funds/fund-tax-cyprus): Cyprus investment funds pay 15% corporate tax on taxable profits but most fund income - dividends, securities gains - is exempt, and there is no withholding tax on distributions to non-residents.
- [Accounting for fund managers](/industries/investment-funds/fund-manager-accounting): Cyprus AIFMs and UCITS management companies need capital-adequacy monitoring, fee accounting and audited statements filed with CySEC.
- [NAV calculation](/industries/investment-funds/nav-calculation): Accurate NAV calculation means valuing every holding fairly, accruing fees and expenses and reconciling with custodians before each dealing day.
- [Fund audits](/industries/investment-funds/fund-audit): Every Cyprus fund needs an annual audit by a CySEC-recognised auditor, and well-prepared fund accounting makes the audit faster and cheaper.
- [Family office structuring](/industries/investment-funds/family-office-structuring): Families can use a Cyprus RAIF, AIF with limited investors or holding company to centralise investments with professional reporting and tax efficiency.
- [AIFMD compliance](/industries/investment-funds/aifmd-compliance): Cyprus AIFMs must comply with AIFMD on risk management, liquidity, leverage reporting (Annex IV) and depositary oversight.
- [Investor onboarding and AML](/industries/investment-funds/investor-onboarding-aml): Cyprus funds must carry out KYC and AML checks on every investor, keep records and report beneficial owners to the relevant registers.
- [Re-domiciling a fund to Cyprus](/industries/investment-funds/fund-redomiciliation): Foreign funds can re-domicile to Cyprus and keep their legal identity, gaining EU passporting and the Cyprus tax regime.
- [Carried interest tax](/industries/investment-funds/carried-interest-tax): Carried interest received by Cyprus fund managers can be taxed at a flat 8% (minimum €100,000 per year) under the special regime for qualifying employees.
- [Outsourced fund administration](/industries/investment-funds/fund-administration): Outsourcing fund administration to an accounting partner gives smaller Cyprus funds institutional-quality reporting without hiring an in-house team.
- [Crypto and digital-asset funds](/industries/investment-funds/crypto-funds-cyprus): Cyprus AIFs can invest in crypto assets, but need robust valuation, custody and AML procedures and early dialogue with CySEC.
### [Fund Launch & Growth](/industries/fund-launch-growth)
Tsquared helps emerging Cyprus funds become fully productive: setting up accounting and reporting from day one, controlling running costs, improving investor reporting and building the track record that attracts new capital.
- [Tax Planning & Preparation for Fund Launch & Growth](/industries/fund-launch-growth/tax-planning)
- [Bookkeeping & Accounting for Fund Launch & Growth](/industries/fund-launch-growth/bookkeeping-accounting)
- [Payroll Management for Fund Launch & Growth](/industries/fund-launch-growth/payroll)
- [Financial Consulting & Advisory for Fund Launch & Growth](/industries/fund-launch-growth/financial-advisory)
- [Audit & Assurance for Fund Launch & Growth](/industries/fund-launch-growth/audit-assurance)
- [Fund Launch & Growth Accountants in Limassol](/industries/fund-launch-growth/limassol)
- [Fund Launch & Growth Accountants in Nicosia](/industries/fund-launch-growth/nicosia)
- [Fund Launch & Growth Accountants in Larnaca](/industries/fund-launch-growth/larnaca)
- [Fund Launch & Growth Accountants in Paphos](/industries/fund-launch-growth/paphos)
- [Fund Launch & Growth Accountants in Famagusta (Ayia Napa & Protaras)](/industries/fund-launch-growth/famagusta)
- [Fund launch checklist](/industries/fund-launch-growth/fund-launch-checklist): Launching a Cyprus fund takes a manager, depositary, auditor, administrator, legal documents and a bank account, and planning all of them together can cut months off launch.
- [What does a fund launch cost?](/industries/fund-launch-growth/fund-launch-costs): Launch costs for a Cyprus RAIF or AIF depend on structure and service providers, and a clear budget for set-up and first-year running costs prevents surprises.
- [Operations after first close](/industries/fund-launch-growth/first-close-operations): After first close, a Cyprus fund must process capital calls, record investments, calculate NAV and report to investors - systems should be ready before money arrives.
- [Controlling fund expenses](/industries/fund-launch-growth/fund-expense-control): Monitoring the total expense ratio and renegotiating service contracts keeps a Cyprus fund competitive and improves net returns to investors.
- [Investor reporting that wins capital](/industries/fund-launch-growth/investor-reporting-best-practice): Clear, timely quarterly reports with performance, exposures and commentary build trust and are the single biggest factor in investor re-ups.
- [Building a track record](/industries/fund-launch-growth/track-record-building): Audited, GIPS-style performance records from day one let emerging managers prove their results to institutional investors.
- [Scaling from €10m to €100m](/industries/fund-launch-growth/scaling-a-fund): As a Cyprus fund grows, its accounting, controls and reporting must scale too - moving from spreadsheets to proper fund systems at the right time.
- [Umbrella funds and sub-funds](/industries/fund-launch-growth/sub-fund-umbrella): Cyprus umbrella funds let managers launch new strategies as sub-funds with segregated assets, sharing one set of service providers and lowering costs.
- [Capital-raising readiness](/industries/fund-launch-growth/capital-raising-readiness): Investors expect a data room with audited accounts, policies, track record and service-provider details; preparing it in advance speeds up due diligence.
- [Cash management for funds](/industries/fund-launch-growth/fund-cash-management): Idle cash drags on returns; disciplined cash forecasting, capital-call timing and treasury policies make a fund's capital work harder.
- [KPIs every fund should track](/industries/fund-launch-growth/fund-kpis): Key fund KPIs include IRR, TVPI, DPI, expense ratio and NAV accuracy - tracking them monthly shows investors the fund is professionally run.
- [Governance for emerging funds](/industries/fund-launch-growth/fund-governance): Independent directors, clear valuation committees and documented conflicts policies give emerging Cyprus funds credibility with institutional investors.
- [Making a fund tax-efficient](/industries/fund-launch-growth/fund-tax-efficiency): Choosing the right Cyprus vehicle and using treaty access and the notional interest deduction can materially improve a fund's net return.
- [Winding down or merging a fund](/industries/fund-launch-growth/fund-wind-down): Planning a fund's liquidation or merger early ensures investors are paid efficiently and final audits and CySEC filings are completed on time.
### [Software & Tech Developers](/industries/software-developers)
Tsquared helps Cyprus software developers and tech companies use the IP Box regime, structure contractor and employee pay, handle VAT on digital services and keep investor-ready accounts.
- [Tax Planning & Preparation for Software & Tech Developers](/industries/software-developers/tax-planning)
- [Bookkeeping & Accounting for Software & Tech Developers](/industries/software-developers/bookkeeping-accounting)
- [Payroll Management for Software & Tech Developers](/industries/software-developers/payroll)
- [Financial Consulting & Advisory for Software & Tech Developers](/industries/software-developers/financial-advisory)
- [Audit & Assurance for Software & Tech Developers](/industries/software-developers/audit-assurance)
- [Software & Tech Developers Accountants in Limassol](/industries/software-developers/limassol)
- [Software & Tech Developers Accountants in Nicosia](/industries/software-developers/nicosia)
- [Software & Tech Developers Accountants in Larnaca](/industries/software-developers/larnaca)
- [Software & Tech Developers Accountants in Paphos](/industries/software-developers/paphos)
- [Software & Tech Developers Accountants in Famagusta (Ayia Napa & Protaras)](/industries/software-developers/famagusta)
- [The Cyprus IP Box regime](/industries/software-developers/ip-box-regime): Under the Cyprus IP Box, 80% of qualifying profit from software and patents is exempt, giving an effective tax rate as low as 2.5% for eligible tech companies.
- [Tax for freelance developers](/industries/software-developers/freelance-developer-tax): Freelance developers in Cyprus pay personal income tax on profits plus Social Insurance and GHS, and can often save by moving to a company once income grows.
- [VAT on digital services](/industries/software-developers/vat-digital-services): Cyprus developers selling B2B services abroad usually apply the reverse charge, while B2C digital sales in the EU use the OSS scheme at the customer's VAT rate.
- [Setting up a tech startup](/industries/software-developers/tech-startup-setup): A Cyprus private limited company can be registered in about a week and gives startups access to the 15% corporate tax rate, IP Box and EU market.
- [Employee stock options](/industries/software-developers/employee-stock-options): Cyprus taxes stock options when exercised, but from 2026 approved employer schemes are taxed at a flat 8% (up to €1m over 10 years), which helps attract tech talent.
- [R&D tax deductions](/industries/software-developers/rnd-tax-deductions): Cyprus allows a super-deduction of 120% on qualifying R&D expenditure, lowering tax for development-heavy companies.
- [Contractors vs. employees](/industries/software-developers/contractor-vs-employee): Hiring developers as contractors or employees changes Social Insurance, payroll and permanent-establishment risks, so classify each role carefully.
- [Relocating a tech company](/industries/software-developers/tech-company-relocation): Many tech companies move to Cyprus for the 15% corporate rate, IP Box and 50% employee exemption, with the Business Facilitation Unit speeding up work permits.
- [SaaS revenue recognition](/industries/software-developers/saas-revenue-recognition): SaaS companies recognise subscription revenue over the service period under IFRS 15, which affects reported profit, deferred revenue and investor metrics.
- [Investor reporting for startups](/industries/software-developers/startup-investor-reporting): Monthly management accounts with burn, runway and MRR keep Cyprus startup investors confident and make the next funding round faster.
- [Tax for crypto and Web3 developers](/industries/software-developers/crypto-developer-tax): Cyprus crypto developers and token projects need careful classification of token income, VAT and CySEC rules under MiCA.
- [Accounting for game developers](/industries/software-developers/game-developer-accounting): Game studios in Cyprus can use the IP Box on qualifying game IP and must handle platform revenues, VAT and royalty withholding correctly.
- [Home office and equipment](/industries/software-developers/developer-home-office): Developers can deduct equipment, software licences and a proportion of home-office costs in Cyprus when they are used for the business.
- [Exit planning for tech founders](/industries/software-developers/tech-exit-planning): Gains on selling shares in a Cyprus company are generally tax-free unless the company owns Cyprus property, making Cyprus attractive for founder exits.
### [Forex Brokers & CIFs](/industries/forex-brokers)
Tsquared supports Cyprus forex brokers and CIFs with regulatory accounting, capital-adequacy monitoring, client-money reconciliations, CySEC reporting, tax planning and audit.
- [Tax Planning & Preparation for Forex Brokers & CIFs](/industries/forex-brokers/tax-planning)
- [Bookkeeping & Accounting for Forex Brokers & CIFs](/industries/forex-brokers/bookkeeping-accounting)
- [Payroll Management for Forex Brokers & CIFs](/industries/forex-brokers/payroll)
- [Financial Consulting & Advisory for Forex Brokers & CIFs](/industries/forex-brokers/financial-advisory)
- [Audit & Assurance for Forex Brokers & CIFs](/industries/forex-brokers/audit-assurance)
- [Forex Brokers & CIFs Accountants in Limassol](/industries/forex-brokers/limassol)
- [Forex Brokers & CIFs Accountants in Nicosia](/industries/forex-brokers/nicosia)
- [Forex Brokers & CIFs Accountants in Larnaca](/industries/forex-brokers/larnaca)
- [Forex Brokers & CIFs Accountants in Paphos](/industries/forex-brokers/paphos)
- [Forex Brokers & CIFs Accountants in Famagusta (Ayia Napa & Protaras)](/industries/forex-brokers/famagusta)
- [Accounting for a CIF licence](/industries/forex-brokers/cif-licence-accounting): Cyprus Investment Firms must keep IFRS accounts, monitor capital requirements and submit prudential returns to CySEC as a condition of their licence.
- [Capital adequacy under IFR](/industries/forex-brokers/capital-adequacy-ifr): Under the EU Investment Firms Regulation, Cyprus CIFs must hold own funds above permanent minimum, fixed-overheads and K-factor requirements at all times.
- [Client-money reconciliations](/industries/forex-brokers/client-money-reconciliation): CIFs must reconcile client money and assets daily and keep them segregated from company funds, with external audit of safeguarding each year.
- [CySEC regulatory reporting](/industries/forex-brokers/cysec-reporting): CySEC requires CIFs to submit periodic prudential, financial and statistical returns, and late or inaccurate filings frequently lead to fines.
- [How forex brokers are taxed](/industries/forex-brokers/forex-broker-tax): Cyprus forex brokers pay 15% corporate tax on trading profits, and careful planning of group structure and transfer pricing keeps the effective rate competitive.
- [Paying introducing brokers](/industries/forex-brokers/introducing-broker-payments): Payments to introducing brokers and affiliates need proper contracts, VAT treatment and KYC on recipients to satisfy CySEC and the Tax Department.
- [Transfer pricing for broker groups](/industries/forex-brokers/transfer-pricing-brokers): Broker groups with Cyprus entities must price intra-group services at arm's length and keep transfer-pricing documentation once thresholds are met.
- [Audit of CIFs](/industries/forex-brokers/cif-audit): CIF audits include financial statements, client-asset safeguarding and capital adequacy, so auditors need deep regulatory knowledge.
- [ICARAP for investment firms](/industries/forex-brokers/icaap-ifr): Cyprus CIFs must run an internal capital and risk assessment process (ICARAP) to show they hold enough capital and liquidity for their risks.
- [Setting up a forex brokerage](/industries/forex-brokers/forex-company-setup): Launching a Cyprus forex brokerage requires a CySEC CIF licence, initial capital, qualified staff, policies and a full accounting and compliance framework.
- [Payment and e-money firms](/industries/forex-brokers/payment-institutions): Cyprus payment institutions and EMIs licensed by the Central Bank need safeguarding, capital and regulatory returns similar to CIFs.
- [Payroll for broker staff](/industries/forex-brokers/broker-payroll-staff): CIFs must apply remuneration policies, bonus deferral rules and correct payroll taxes, and many staff can use the 50% new-resident exemption.
- [Investor Compensation Fund](/industries/forex-brokers/investor-compensation-fund): Cyprus CIFs must contribute to the Investor Compensation Fund based on eligible revenues, and contributions must be calculated and accrued accurately.
- [AML for forex brokers](/industries/forex-brokers/aml-for-brokers): Forex brokers must run risk-based AML procedures, annual AML reports and independent AML audits to satisfy CySEC.

## Tools
- [Cyprus net salary calculator](/tools): estimates 2026 income tax, Social Insurance and GHS.

## Articles
- [Top 5 Tax Deductions Every Small Business in Cyprus Should Know](/blog/top-5-tax-deductions-small-business): Claim business-use expenses, capital allowances, social insurance contributions, notional interest deduction and qualifying R&D or IP costs.
- [Financial Planning for Freelancers: How to Manage Your Finances](/blog/financial-planning-for-freelancers): Separate business and personal accounts, set aside 25–30% of income for tax and social insurance, pay provisional tax on time and automate retirement savings.
- [When Is It Time to Hire an Accountant? Key Signs for Individuals and Businesses](/blog/when-to-hire-an-accountant): Hire an accountant when you register a company, hire staff, cross the VAT threshold, relocate to Cyprus or spend more than a few hours a month on paperwork.
- [The Benefits of Outsourcing Payroll for Small Businesses](/blog/benefits-of-outsourcing-payroll): Outsourcing payroll reduces penalty risk, keeps salary data confidential, saves owner time and usually costs less than an in-house role.

## FAQ
Q: What does Tsquared do?
A: Tsquared is a Cyprus accounting firm providing tax planning and preparation, bookkeeping, payroll, financial advisory and audit support for individuals and businesses.
Q: Where is Tsquared based?
A: Our office is at Griva Digeni 78, 3rd Floor, 3101 Limassol, Cyprus. We work with clients across Limassol, Nicosia, Larnaca, Paphos and internationally online.
Q: How much income tax do I pay in Cyprus?
A: From 2026 the first €22,000 of income is tax-free, then rates rise in bands of 20%, 25%, 30% and 35% above €72,000. Employees also pay Social Insurance and GHS. Use our free calculator for an estimate.
Q: Do you work with foreign clients relocating to Cyprus?
A: Yes. We help relocating professionals with tax residency, non-dom status, new-resident exemptions and company setup.
Q: How do I get started?
A: Book a free consultation through our contact page. We review your situation and send a clear fixed-fee proposal.