What Lis Primus Audit & Tax does

LIS Primus Audit and Tax Ltd ("Primus") is a Cyprus-based professional services firm founded in September 2015 through the merger of three legacy audit firms (including LKS Lakkotripis Chartered Accountants and NCO Ioannou Chartered Accountants). The firm operates from two offices in Limassol (headquarters) and Nicosia, employing more than 45 professionals, and is regulated by the Public Cyprus Audit Oversight Board (PCAOB), holds a practicing certificate from the Institute of Certified Public Accountants of Cyprus (ICPAC), and is approved by the Central Bank of Cyprus (CBC) to audit financial institutions under section 27H of the Business of Credit Institutions Laws.

The firm's core service offering is structured around four interconnected lines: (1) Audit & Assurance — statutory and non-statutory audits of financial statements for Cyprus companies, branches of foreign entities, partnerships, and non-profits, performed under ISA and IFRS standards with a multi-level review methodology; (2) Tax Advisory — corporate and personal tax compliance, transfer pricing, transaction tax, and tax investigation support; (3) Business Support & Outsourcing — accounting, bookkeeping, payroll, VAT/VIES filings, and Intrastat registration; and (4) Advisory — Capital Markets Nominated Advisor services for the Cyprus Stock Exchange Emerging Companies Market, Cypriot citizenship and residence permits, crypto/digital assets and blockchain advisory, and corporate restructuring/M&A.

Primus operates a sales-led, partner-driven professional services model targeting both domestic and international clients across diverse verticals including banking, professional services, software development, hospitality and leisure, real estate, shipping, investment, online gaming, and insurance. Revenue is generated through project-based fees tied to engagement scope and complexity, with no publicly disclosed pricing. The firm is privately held and management-owned by its two partners, with no external institutional investors, private equity involvement, or funding rounds disclosed in the available data.

Name

Lis Primus Audit & Tax

Legal name

LIS Primus Audit and Tax Ltd

Website

https://primus.com.cy

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

51–100 employees

Short description

LIS Primus Audit and Tax is a Cyprus-based professional services firm offering audit, tax, business support, and advisory services to local and international clients across banking, investment, real estate, shipping, and other regulated sectors, regulated by PCAOB, ICPAC, and CBC.

Ownership category

akta.pro rank

Product category

Audit and Tax Advisory Services

NAICS

Offices of Certified Public Accountants (541211), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (5412)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Audit & Assurance Services (BPAHABAA)

akta.pro secondary industries

Tax Advisory & Compliance (BPAHABAB), Financial Reporting & Technical Accounting Advisory (GAAP/IFRS) (BPAHABAF)

Keywords

• Audit and assurance
• Tax advisory services
• Statutory audit
• Business support outsourcing
• Financial reporting compliance

Headquarters

HQ city

Limassol

HQ country

Cyprus

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Audit and Assurance Services: Core service line offering statutory audit of financial statements for Cyprus companies, branches of foreign entities, Cyprus partnerships, and non-profit organisations. Also includes non-statutory audit services such as agreed-upon procedures, interim reporting, due diligence, and internal audit.
2. Tax Advisory Services: Cyprus corporate and personal tax compliance and advisory, transfer pricing compliance and advisory, remuneration and reward planning, reorganisation and transaction tax, assistance in tax investigations, and indirect tax compliance and advisory.
3. Business Support and Outsourcing: Accounting/bookkeeping, preparation of statutory financial statements, management accounts, VAT and VIES forms, Intrastat registration, payroll services including employer registration, payslip preparation, social insurance calculations, and payroll payments.
4. Advisory Services: Capital Markets nominated advisor for ECM of Cyprus Stock Exchange, Cypriot citizenship and permanent residence permit advisory, crypto/digital assets and blockchain advisory, corporate restructuring including liquidations and M&A.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Lis Primus Audit & Tax is a Cyprus-based professional services firm providing audit and assurance, tax advisory, business support and outsourcing, and advisory services to corporate and individual clients. The firm conducts statutory audits under International Standards on Auditing (ISA), prepares financial statements under International Financial Reporting Standards (IFRS), and delivers tax compliance, transfer pricing, payroll, bookkeeping, capital markets, and corporate restructuring engagements. It is regulated by the Public Cyprus Audit Oversight Board (PCAOB), holds an ICPAC practicing certificate, and is approved as a financial institutions auditor by the Central Bank of Cyprus.

Product overview

Lis Primus Audit & Tax is an established audit firm based in Cyprus offering a portfolio of professional services focused on audit and tax. The firm operates four interconnected service lines: Audit & Assurance Services (its major service line covering statutory and non-statutory audits), Tax Advisory Services (corporate and personal tax compliance, transfer pricing, and advisory), Business Support and Outsourcing (accounting, bookkeeping, payroll, and VAT services), and Advisory Services (capital markets, citizenship programs, crypto/blockchain, and M&A). The firm serves diverse sectors including banking, professional services, software development, hospitality, real estate, shipping, and online gaming.

Differentiator

Problem solved

Functional benefit

Products and services

• Audit & Assurance Services

Named customers10 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• PwC Cyprus: Big 4 professional services firm with a Cyprus practice serving banking, shipping, investment, and large corporate clients — the same verticals Primus targets. Represents the upper bound of competitive intensity in the Cyprus audit market.
• KPMG Cyprus: Big 4 audit and advisory firm with a full Cyprus practice covering audit, tax, and consulting. Competes with Primus on banking, large corporate, and multinational audits, but at materially larger scale and broader service breadth.
• Deloitte Cyprus: Big 4 firm providing audit, tax, consulting, and financial advisory across Cyprus. Targets the same large multinational, banking, and capital markets clients as Primus, though with significantly deeper resources and global network reach.
• EY Cyprus: Big 4 firm with a full-service Cyprus practice covering audit, tax, transactions, and advisory. Competes with Primus for large and regulated-entity engagements but offers a wider global network and cross-border delivery capability.

Direct peers

• Baker Tilly Cyprus: International mid-tier audit and advisory firm with a Cyprus presence serving similar corporate and regulated-entity clients. Competes head-to-head with Primus for statutory audits and business advisory mandates.
• RSM Cyprus: Mid-tier global audit and advisory network active in Cyprus, providing statutory audit, tax, and consulting to corporates of similar size to Primus's clients. Competes directly on cross-border group audits and SME advisory work.
• Mazars Cyprus: International audit, tax, and advisory network operating in Cyprus with a comparable mid-tier positioning. Targets overlapping banking, investment, and corporate audit clients, making it a close substitute for Primus's core services.
• Grant Thornton Cyprus: Global mid-tier accounting network in Cyprus providing audit, tax, and advisory services to banking, investment, and shipping clients. Overlaps directly with Primus on size, service portfolio, and target segments.
• BDO Cyprus: Mid-tier international audit, tax, and advisory network operating in Cyprus with a comparable client mix across regulated entities and corporates. Directly competes with Primus for statutory audits and tax mandates in the same local market.
• Moore Cyprus (Moore Global): International accounting network with a Cyprus office offering audit, tax, and advisory services comparable in scale and scope to Primus. Serves similar regulated and corporate clients in the Cyprus market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lis-primus-audit-tax

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Lis Primus Audit & Tax