What Grant Thornton Cyprus does

Grant Thornton Cyprus is a Nicosia-headquartered professional services firm and member of the Grant Thornton International Ltd network, operating from offices in Nicosia and Limassol with more than 230 staff. Founded in 1942 and joining the Grant Thornton global network in 1982, the firm delivers a full suite of audit/assurance, tax (direct and indirect), advisory, business consulting, digital risk, sustainability, outsourcing, insolvency, and family office / relocation services. Its client base is concentrated in financial services, real estate and construction, energy, technology, public sector, NFP, consumer products, travel and tourism, and high net worth individuals seeking Cyprus residency setup.

Revenue is generated entirely through partner-led professional services engagements, with pricing negotiated per scope on multi-year contracts and no publicly disclosed rates. Distribution is direct: partners and senior staff run enterprise and mid-market client relationships, supplemented by thought-leadership content (Women in Business report, Cyprus Tax Facts annual guide, AI and Data Lab insights) and a corporate social presence. The firm is led by CEO Stavros Ioannou (in role since 2011) and an experienced partner cohort with international qualifications (ICAEW, ICPAC, ACCA).

Distinct from a traditional Big Four-style practice, Grant Thornton Cyprus has invested in an in-house AI and Data Lab led by Monica Odysseos. The lab built AI Listener (cAIprus Minutes), a proprietary speech-to-text platform trained on Cypriot Greek dialect that converts recorded meetings into structured minutes with Cypriot Greek, Standard Greek, and English exports. The product was co-funded by the Cyprus Research and Innovation Foundation and the EU NextGenerationEU instrument. Annual turnover is disclosed at €12.6 million.

Name

Grant Thornton Cyprus

Legal name

Grant Thornton (Cyprus) Ltd

Website

https://grantthornton.com.cy

Company type

Private

Founded year

1942

Operating status

Operating

Headcount range

101–250 employees

Short description

Grant Thornton Cyprus is a Nicosia-based professional services firm offering audit, tax, advisory, and outsourcing services to enterprise and mid-market clients. Part of the global Grant Thornton network, the firm also developed the proprietary AI Listener platform for Cypriot dialect transcription.

Ownership category

akta.pro rank

Headquarters

HQ city

Nicosia

HQ country

Cyprus

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Assurance/Audit Services: Audit and assurance services for financial statements, serving public interest entities, listed companies, and large organizations.
2. Tax Advisory: Direct tax and indirect tax (VAT) advisory and compliance services for local and international clients.
3. Advisory Services: Business consulting, risk advisory, digital risk, sustainability consulting, and transaction advisory including due diligence and valuations.
4. Outsourcing Services: Corporate, advisory, bookkeeping, company secretarial, and payroll services for local and international clients.
5. Restructuring and Insolvency: Insolvency practitioner services including receiverships and liquidations, crisis stabilization and turnaround.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels8 records

Core offering

Grant Thornton Cyprus is a professional services firm providing audit and assurance, tax (direct and indirect), business consulting, digital risk, sustainability, risk advisory, outsourcing, and insolvency services to enterprises, financial institutions, public sector bodies, and high net worth individuals. The firm also offers an AI-powered meeting transcription product (AI Listener / cAIprus Minutes) built by its AI and Data Lab for transcribing Cypriot Greek dialect meetings.

Product overview

Grant Thornton Cyprus operates as a professional services firm offering a portfolio of service lines rather than a unified software product. The primary AI-powered product is AI Listener (cAIprus Minutes), an intelligent meeting transcription platform developed by the firm's AI and Data Lab that transcribes Cypriot Greek dialect meetings and generates structured meeting minutes. Beyond this, the firm provides a comprehensive suite of professional services including Assurance, Tax, Advisory, Business Consulting, Digital Risk (encompassing cybersecurity, data privacy, SOC/ISO compliance), Sustainability, Risk Advisory, Outsourcing, People/Relocation/Family Office Services, and Insolvency & Asset Recovery. The EU AI Act & ISO 42001 GRC services represent a newly launched regulatory compliance offering.

Differentiator

Problem solved

Functional benefit

Brands

• AI Listener (cAIprus Minutes): AI-powered transcription platform for Cypriot Greek dialect meetings and meeting minutes generation
• Unlock Cyprus
• GT 2026 Summer Bootcamp

Products and services

• AI Listener (cAIprus Minutes) AI-powered intelligent platform that accurately transcribes meetings conducted in the Cypriot Greek dialect and transforms conversations into structured, actionable meeting minutes. Provides real-time transcription with Cypriot dialect recognition, automatic meeting minutes generation, executive summaries, key discussion points, action items, and multiple export options (Cypriot Greek, Standard Greek, and English).
• EU AI Act & ISO 42001 GRC Services Governance, Risk, and Compliance (GRC) services that support organisations in deploying artificial intelligence responsibly and securely, ensuring alignment with emerging EU AI Act regulatory requirements and the ISO 42001 standard.
• Assurance Services Audit and assurance services for financial statements of organisations across various industries, including funds, fund managers, insurance companies, investment firms, and listed entities.
• Tax Services Direct tax and indirect tax (VAT) advisory and compliance services for local and international clients across various industries.
• Business Consulting Operational, financial, project, and human resource management consulting including business and digital transformation for private and public sector organisations.
• Digital Risk Services Digital risk services spanning Privacy and Data Protection, Governance Risk and Compliance (GRC), ISO 27001/27701 advisory, SOC 1/2/3 reporting, Incident Response, Offensive Security Services, Cyber Health Check, Dark Web Threat Intelligence, and Digital Forensics and Electronic Discovery.
• Risk Advisory Quantitative and qualitative risk advisory services including climate and environmental risk stress testing, ECB/EBA guidance compliance, and ESG risk quantification frameworks for financial institutions.
• Sustainability Services Sustainability and ESG advisory including CSR strategy development, CSR reporting, EPR systems consultancy, DRS system design, Corporate Sustainability Reporting Directive (CSRD) compliance, and sustainability strategy.
• Outsourcing Services Corporate, advisory, and bookkeeping services, company secretarial, and payroll outsourcing for local and international clients.
• People, Relocation and Family Office Services Human resources advisory, relocation and immigration services for corporate clients, family office services for high net worth individuals, and business relocation support for setting up presence in Cyprus.
• Insolvency and Asset Recovery Insolvency practitioner services including receiverships and liquidations, crisis stabilisation and turnaround, operational and financial restructuring, and accelerated M&A.
• Advisory Specialist advisory services across multiple disciplines including transaction advisory, financial due diligence, valuations, and internal audit.

Named customers4 records

Segments9 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• Research and Innovation Foundation (Cyprus)coreStrategic or Co-development PartnerFunded the AI Listener (cAIprus Minutes) project under the Enterprises Capacity Building in New Product Development Programme and through the Recovery and Resilience Facility of the NextGenerationEU instrument. Project NPD-CAPBLD/0825/0013.
• European Union (NextGenerationEU)coreStrategic or Co-development PartnerRecovery and Resilience Facility funding supporting the development of AI-powered transcription technology for the Cypriot dialect.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• BDO Cyprus: Mid-tier international accounting network member in Cyprus offering audit, tax, and advisory. Comparable mid-market positioning to Grant Thornton Cyprus, competing for similar non-Big-Four enterprise and SME mandates.
• Deloitte Cyprus: Big Four firm in Cyprus providing audit, consulting, financial advisory, risk management, and tax services. Directly comparable in service breadth, client segments, and reliance on multinational network capabilities.
• EY Cyprus: Big Four firm in Cyprus offering assurance, tax, consulting, and advisory. The Business Consulting Partner at Grant Thornton Cyprus previously served as Associate Partner at EY Cyprus, evidencing direct talent and client overlap.
• KPMG Cyprus: Big Four firm in Cyprus with audit, tax, and advisory services serving financial services, public sector, and corporate clients — same primary verticals and enterprise sales motion as Grant Thornton Cyprus.
• RSM Cyprus: Mid-tier international audit and advisory network member in Cyprus serving SMEs, mid-market, and financial-services clients with comparable assurance, tax, and consulting offerings.
• PwC Cyprus: Big Four audit, tax, and advisory firm in Cyprus. Direct competitor across assurance, tax, advisory, and digital-risk services to enterprise and financial-services clients in the same local market.
• Baker Tilly Cyprus: Global mid-tier accounting network with Cyprus operations. Comparable in service-line breadth (audit, tax, advisory) and target client profile (mid-market enterprises and HNWIs).
• Crowe Cyprus: Top-10 global accounting network with Cyprus member firm providing audit, tax, and advisory services. Direct competitor in the same mid-market and financial-services segments.
• HLB Cyprus: International accounting network with Cyprus operations, offering audit, tax, and advisory to mid-market and SME clients. Comparable service mix and geographic positioning to Grant Thornton Cyprus.
• Mazars Cyprus: International audit, tax, and advisory firm with presence in Cyprus. Competes head-to-head with Grant Thornton Cyprus for mid-market and financial-services assurance mandates in the same geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/grantthorntoncy
• YouTubeyoutube.com/channel/UCw5UjPAcpPfuiINf8Y3UP0g
• Facebookfacebook.com/GrantThorntonCyprus
• LinkedInlinkedin.com/company/grantthorntoncy

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Grant Thornton Cyprus