About Erdal & Co

Erdal & Co is a leading professional firm of chartered accountants established in 1973 in North Cyprus providing independent audit, accounting, tax and consultancy services. 4 partners are all members of Institute of Chartered Accountants in England and Wales (ICAEW).

Erdal & Co is licensed and authorised by the Central Bank to carry out audits of banks, by the Ministry of Finance to carry out audits of all private and public companies and by European Union to carry out grant verification.

The firm provides registration services for limited companies with the Registrar of Companies, Free Port and Zone companies, International Business Company (IBC), International Banking Units (IBU), Public Limited Companies, Banks and Insurance companies. Due diligence, Financial Valuation Reports and EU Grant Expenditure Verification Services are also provided.

The firm with its young and dynamic personnel provides reliable, ethical, consistent and value added services. The knowhow of Erdal & Co keeps the firm in a leader position in North Cyprus.

The client profile includes Banks, Insurance companies and local and international corporations as well as non profit making organisations.

In line with corporate social responsibility principles, Erdal & Co assumes responsibility in contributing to the society as a whole. Erdal & Co actively contributes on professional, social and environmental issues.



Our mission is to give audit, accounting, tax and advisory services, acting with integrity, objectivity and responsibility to create added value so our clients and exceed their expectations by using our experience know-how.


Our vision is to maintain our prominent, respected, and preferred position in the country and regions we serve.We are enhancing our position to provide a clearly differentiated choice for all of our stakeholders, by investing in people, technology, innovation, and infrastructure. We take an active role in making our own sector stronger, more transparent and reliable.


Our values determine our behaviour to our clients and to each other, enable us to provide efficient and effective service as a team and to create a strong corporate culture. These values are:

  • Integrity
  • Independence
  • Professional competence and due care
  • Confidentiality
  • Professional Behaviour

Partners and Managers

Hüseyin Erdal

Graduate of the English School Nicosia Cyprus. Won the “Chartered Accountant” scholarship of Turkish Communal Chamber and became an articled clerk in Peat Marwich Mitchell & Co London. In 1968, having completed his professional training and exams, became a member of the Institute of Chartered Accountants in England and Wales.

Firuz Fehmi

Studied Business Studies (Honours) in University of Westminster London. After graduation became a trainee chartered accountant again in London and qualified in 1981. Returned to Cyprus in 1982 and after military service joined Erdal & Co. As one of the partners of Erdal & Co, also serves on the Board of Directors, and is the president of, The Association of Certified Public Accountants of North Cyprus.

Eral Erdal

Having graduated from Turkish Maarif College (Nicosia) in 1993 he proceeded to study BSc Accounting & Finance and Economics degree at Oxford Brookes University. He graduated with First Class Honours in 1997.From 1997 to 2002 he worked as trainee chartered accountant for Coopers & Lybrand and CTM Partnership in England as prerequisite to obtain the chartered accountancy title.During this period he successfully completed all the exams of the Institute of Chartered Accountants in England Wales and qualified as a Chartered Accountant in 2002.

Damla Fehmi

Graduated from The American College (Kyrenia) in 2004 where she had full scholarships throughout the years due to successful performance.She then proceeded to study BSc Economics degree at Queen Mary, University of London. She graduated with First Class Honours in July 2008.From the fall 2008, she worked as a trainee chartered accountant in Crowe Clark Whitehill LLP where she completed all the requirements including all the exams of Institute of Chartered Accountants in England and Wales (ICAEW) and qualified as Chartered Accountant in 2012.