2026 Amendment to the Cyprus Companies Law, Cap. 113

CITY OF LAW PROVIDES THE ONLINE AND PRINT VERSION OF THE CYPRUS COMPANIES LAW IN THE ENGLISH LANGUAGE.

The Cyprus Companies Law, Cap. 113, was amended on the 6/2/2026 introducing a number of significant changes:

• It adopted the Financial Reporting Standard (FRS) for small-sized entities – once this is effective, financial statements will need to be prepared in accordance with the newly established Financial Reporting Standard for Small-sized Entities
• It introduced the New Sixteenth Schedule: Additional Principles, Form, Content of Annual Financial Statements for small-sized companies
• It introduced the New Seventeenth Schedule: Form and content of Consolidated Financial Statements for small-sized companies
• It is further harmonised with Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013 on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings

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You can also check for the online version of the Companies Law and other legal publications on offer.

Why is the book valuable: The book is a valuable tool for those professionals who handle Corporate matters on a day-to-day basis, either as auditors, accountants, advisors, service providers, businessmen and other professionals who require understanding of the legal framework of Cyprus, as our country is a member of the European Union and an international investment and business centre. In fact, it provides transparency on current legislation and helps remain up to date with constant developments. Due to the fact that the book is in the English language, it allows foreign investors to have knowledge of the legal implications when doing business in Cyprus.