I have discovered that the Cyprus company law has been amended from section 141 to 152A in 2016
Now, i don't know if audits are mandatory for small Cyprus company with a turnover smaller than 4000000 euros & less than 51 employees...
It is important because this would mean that any limited companies have now to pay an extra 800 to 1000 euros for the auditor each year.
Here is the link to Cyprus company law in greek...
Ο περί Εταιρειών Νόμος - ΚΕΦ.113
It is possible to open this page in google chrome and get an instant translation but an Attorney is required because the wording is complex.
So, if someone knows a Cypriot attorney who can answer the question...
Now, i don't know if audits are mandatory for small Cyprus company with a turnover smaller than 4000000 euros & less than 51 employees...
It is important because this would mean that any limited companies have now to pay an extra 800 to 1000 euros for the auditor each year.
Here is the link to Cyprus company law in greek...
Ο περί Εταιρειών Νόμος - ΚΕΦ.113
It is possible to open this page in google chrome and get an instant translation but an Attorney is required because the wording is complex.
So, if someone knows a Cypriot attorney who can answer the question...