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Accounting and invoicing for founders

First invoice, first customer, first tax return: in the founding year special rules apply to turnover limits, and everything is new. Saldiqo sets the mandatory details, shows the turnover limit for the first year and collects receipts for start-up costs.

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What comes up for founders

Everything for the first time

Invoice number, mandatory details, payment term: a lot is new, and mistakes cost time.

Founding year with its own rules

In the first year different turnover limits often apply than in later years.

Start-up costs

Registration, advice, equipment and marketing arise before there is revenue. The receipts belong captured from the start.

How Saldiqo helps

  • Check mandatory detailsSaldiqo checks before finalising.
  • Turnover limit in the founding yearSaldiqo shows how much turnover is left before the limit.
  • Receipts from the startCapture receipts by phone photo.
  • Invite your tax adviserAn adviser with their own login sees the figures and changes nothing.

Typical invoice lines

Examples that often appear on invoices in this industry. You set the prices yourself.

  • First service as per quote
  • Start-up consulting, hours
  • Equipment as per receipt
  • Website and branding, flat fee
  • Deposit on order confirmation
  • Travel costs, flat fee

Tax and invoicing in Cyprus

What applies to invoices in Cyprus, in short. As of October 2026.

VAT
Rates 19 %, 9 %, 5 % and 3 %, plus 0 % until 31 December 2026 for infant milk, nappies, hygiene products and fresh fruit and vegetables.
VAT registration
The threshold is €15,600 of taxable turnover over 12 months, or expected within the next 30 days. If you sell services to businesses in other EU countries, you generally register from the first sale. Until you are registered, Saldiqo leaves VAT off and adds up your turnover.
What goes on an invoice
Even businesses that are not VAT registered must issue invoices and receipts. Companies show their name, HE number, the words “private company” where they apply, and their registered office. Notes such as reverse charge appear in Greek and English.
Invoice timing
Issue invoices within 30 days.
E-invoicing
There is no mandate. Public bodies accept e-invoices (Peppol BIS 3.0) and suppliers send them voluntarily. EU rules follow from 1 July 2030.
VAT returns
VAT4 returns are filed online through TFA, quarterly with staggered periods, by the 10th of the second month after the period, moved to the next working day if it falls on a weekend. Saldiqo does not file returns.
Record keeping
Plan for 10 years. The minimum is 6 years, VAT records can need up to 7 years, and OSS records 10 years.
Late payment
Interest on late business payments is 10.40 %, plus €40 compensation between businesses.
Languages
Use Saldiqo in Greek or English and send invoices in either language.

Frequently asked questions

Do different limits apply in the founding year?

Often yes. Which limit applies to you is listed in the country block above and with your tax adviser.

Can my tax adviser work with it?

Yes. You invite them with their own login. They see the figures and can pull exports.

Do founders in Cyprus have to charge VAT?

Once they are registered, yes. The threshold is €15,600 over 12 months, or expected within 30 days. Services to businesses in other EU countries require registration from the first sale.

Do founders in Cyprus need e-invoicing?

No. Public bodies accept e-invoices through Peppol and suppliers use it voluntarily. EU rules follow from July 2030, so PDF invoices remain fine today.

How long should founders keep invoices?

Plan for 10 years: the minimum is 6 years, VAT records can need up to 7 and OSS records 10. You can store receipts digitally in Saldiqo. The legal duty to keep records stays with you.

Try Saldiqo for free

Write invoices, match payments, collect receipts and send reminders: free and without a trial period.

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As of October 2026. General information, not legal or tax advice, without guarantee. For your case ask your tax adviser.