ACCOUNTING & COMPLIANCE SERVICES

Our experienced team of accountants provides comprehensive accounting, compliance, and regulatory reporting services, supporting your business both on a day-to-day basis and through more complex internal accounting projects.

We undertake a wide range of accounting and compliance services, including:

• Bookkeeping and maintenance of accounting records
• Preparation of management information and periodic financial reports
• Preparation of statutory financial statements
• Conversions to International Financial Reporting Standards (IFRS)
• Group consolidations
• Specialised and ad-hoc accounting projects
• Corporate statutory compliance with local registries and authorities
• Direct tax compliance and reporting
• VAT registration, compliance, and reporting
• Assistance in establishing and documenting internal accounting and compliance procedures

We offer continuous, ongoing support tailored to each client’s needs, ensuring timely assistance, responsiveness, and reliability. Our approach provides clients with the comfort of having trusted accounting professionals available whenever support is required.

ΕΛΕΓΧΟΣ ΚΑΙ ΥΠΗΡΕΣΙΕΣ ΔΙΑΣΦΑΛΙΣΗΣ

At ETCS, we take the time to truly understand your business — its operations, internal controls, and the risks arising from both your activities and the markets in which you operate. Our Audit & Assurance services go beyond compliance, delivering independent assurance combined with valuable insights that support informed decision-making and long-term sustainability.

Our proactive and purpose-driven approach helps identify emerging risks at an early stage and translates them into practical, workable solutions. Beyond statutory audits, we support management with ad-hoc management accounts, financial forecasts, trend and ratio analysis, and detailed cash flow reviews, enabling a clearer understanding of business performance.

Our assurance services help organizations mitigate risk while confidently pursuing new opportunities. We apply a diligent and professional approach to areas that involve judgement, complexity, or uncertainty, providing robust assurance even in environments that require heightened professional skepticism.

ΝΟΜΙΜΟΙ ΕΛΕΓΧΟΙ

In accordance with the Cyprus Companies Law, all entities incorporated in the Republic of Cyprus are required to prepare and submit audited financial statements annually to the Registrar of Companies.

Our statutory audit services are tailored to each client’s unique circumstances, taking into account:

• The industry and regulatory environment in which the entity operates
• The size, structure, and complexity of its operations
• Its legal form and specific compliance obligations

Our audits are performed in accordance with International Standards on Auditing (ISAs) and International Financial Reporting Standards (IFRS), while fully complying with Cyprus legislation. We focus not only on compliance, but also on delivering clear, constructive feedback that adds value to management and stakeholders.

ΕΣΩΤΕΡΙΚΟΙ ΕΛΕΓΧΟΙ

Internal audit plays a critical role in strengthening governance, risk management, and internal control frameworks. Our Internal Audit services provide independent and objective assurance that these systems are designed appropriately and operating effectively.

We help organizations achieve their strategic objectives by applying a systematic and disciplined approach to:

• Evaluating and improving risk management processes
• Assessing the effectiveness of internal controls
• Enhancing governance and operational efficiency

Our internal audit services are designed to add measurable value, support regulatory expectations, and improve overall organizational performance.

ΕΛΕΓΧΟΙ ΕΙΔΙΚΟΥ ΣΚΟΠΟΥ

We offer a broad range of Special Purpose Audit and Assurance services, tailored to specific business needs and regulatory requirements, including:

• Special investigations and advisory engagements
• Preparation and documentation of internal policies, procedures, and processes
• Design and implementation of internal audit frameworks and programs
• Review and evaluation of existing internal audit functions
• Assessment of current systems with identification of weaknesses and areas for improvement
• Preparation of internal audit reports for management and audit committees
• Αποτελεσματικότητα και αποδοτικότητα των λειτουργιών
• Assessment of operational effectiveness and efficiency
• Διασφάλιση περιουσιακών στοιχείων
• Evaluation of asset safeguarding practices

ΣΥΜΒΟΥΛΕΥΤΙΚΕΣ ΥΠΗΡΕΣΙΕΣ

Our Business Consulting services are designed to support owners, boards, and management teams at critical stages of the business lifecycle. Whether you are planning to grow through a merger or acquisition, navigating financial or operational distress, or preparing your business for sale to achieve the best possible value, we provide practical, commercially focused advice to help you achieve your financial objectives.

We work closely with clients to deliver tailored solutions, with particular focus on:

• Establishing, reviewing, and implementing merger and acquisition (M&A) strategies
• Providing ongoing support throughout the M&A process
• Conducting financial, tax, and commercial due diligence reviews and reporting
• Assisting with transaction structuring and value assessment
• Providing negotiation support and acting as liaison with banks, investors, and local authorities

Our approach combines strong technical expertise with real-world commercial insight, ensuring decisions are well-informed, risks are understood, and opportunities are maximised.

TAXATION SERVICES

We provide comprehensive taxation advisory and compliance services to both corporate and individual clients, combining in-depth technical knowledge with practical, business-oriented advice. Our goal is to deliver experienced, tailored solutions that help clients meet their statutory obligations while optimising their tax position.

Our taxation services include advice and assistance in the following areas:

• Κυπριακός φορολογικός προγραμματισμός και νομική συμμόρφωση
• Preparation and analysis of capital statements
• Application and interpretation of Cyprus Double Tax Treaties
• Εταιρική φορολογική κατοικία στην Κύπρο
• International tax planning and structuring

ΦΟΡΟΛΟΓΙΚΕΣ ΥΠΗΡΕΣΙΕΣ ΕΤΑΙΡΕΙΩΝ

Our Corporate Tax Services are designed to support companies throughout the full tax compliance cycle, while also addressing more complex advisory needs.

Φορολογικές δηλώσεις και υπολογισμοί

Through our dedicated Tax Team, we provide corporate and individual tax compliance services, including but not limited to:

• Προετοιμασία και υποβολή εντύπων εταιρικής και προσωπικής δήλωσης φόρου εισοδήματος
• Preparation of provisional tax assessments
• Tax computations and supporting schedules
• Liaising with the Cyprus Tax Department
• Preparation of tax opinions

Φορολογικές απόψεις

Based on the information provided and our thorough understanding of the Cyprus tax framework, we issue tax opinions tailored to the specific facts and circumstances of each client.

Φορολογικοί κανόνες

Where certainty is required, we assist clients in requesting and obtaining official tax rulings from the Cyprus Tax Department in respect of specific transactions or structures.

Φορολογικά πιστοποιητικά & φορολογικές υπηρεσίες Κύπρουss

We liaise with the Tax Authorities to obtain all necessary tax certificates, including:

• Tax clearance certificates
• Tax residence certificates
• Double taxation relief certificates

Φορολογικές υπηρεσίες για ιδιώτες

We offer comprehensive tax services to individuals, providing year-round support and guidance tailored to personal circumstances.

Φορολογικές δηλώσεις και υπολογισμοί

Our individual tax services include:

• Assistance with the preparation of personal income tax returns
• Submission of tax returns to the Inland Revenue Department
• Συμβουλές και σύνταξη κεφαλαιουχικών καταστάσεων
• Προσωπικό φορολογικό σχεδιασμό
  
• Συνεργασία με τις τοπικές φορολογικές αρχές
  

Κεφαλαιουχικές Καταστάσεις

Our tax specialists assist individuals with:

• Συμβουλές και σύνταξη κεφαλαιουχικών καταστάσεων
• Υποβολή των κεφαλαιουχικών καταστάσεων στο Φόρο Εισοδήματος
  
• Ongoing communication with local tax authorities

Φορολογικά πιστοποιητικά

We assist individuals in obtaining the necessary tax certificates by liaising directly with the Tax Authorities, including:

• Tax clearance certificates
• Tax residence certificates
• Double taxation certificates

Our approach ensures clarity, compliance, and confidence, allowing clients to focus on their personal and business priorities while we manage their tax obligations.

ΕΤΑΙΡΙΚΕΣ ΥΠΗΡΕΣΙΕΣ

Our Corporate Services team focuses on providing tailored solutions that align with each client’s business objectives and operational requirements. We are committed to delivering professional corporate and company secretarial services of the highest standard, covering a broad spectrum of corporate matters under Cyprus law.

Our corporate services include, but are not limited to:

• Incorporation of Cypriot companies under the Companies Law, including companies limited by shares or by guarantee, whether private or public
• Incorporation and registration of partnerships, trade names, clubs, societies, and institutions
• Drafting and amendment of Memorandum and Articles of Association
• Handling all types of corporate procedures with the Cyprus Registrar of Companies, including:
  • Changes to corporate structure
  • Amendments to Memorandum and Articles of Association
  • Voluntary liquidation procedures
  • Registration of charges
  • Capital-raising transactions
  • Appointment and removal of directors, company secretaries, and other officers
  • Convening, arranging, and documenting general meetings and board meetings

For the above services, ETCS acts as the immediate liaison between the Client and the network of our legal associates

• Opening of bank accounts with all major Cyprus banks and selected foreign banks
• Conducting due diligence reviews on Cypriot companies for transactional, compliance, or internal purposes
• Preparation and support of liquidation applications against Cypriot companies

We provide continuous, ongoing support to our clients, ensuring responsiveness, reliability, and professional assistance whenever required. Our integrated approach allows clients to rely on a single trusted advisor for their ongoing corporate and compliance needs.

TAX PLANNING & ADVISORY SERVICES

Tax planning is an essential component of every successful business. We offer in-depth specialist tax knowledge combined with extensive practical experience to deliver clear, value-adding advice. We treat each business as unique and provide tailored solutions that fully comply with applicable tax laws and regulations.

Operating in a constantly evolving tax environment, and taking into account international developments such as the OECD Base Erosion and Profit Shifting (BEPS) Action Plans, we assist clients in achieving effective tax compliance, managing tax risks, and optimising their overall tax position.

Οι υπηρεσίες μας περιλαμβάνουν:

• Structuring and use of Cypriot and other jurisdictions’ companies within multinational tax structures
• Application of Double Tax Treaty provisions relating to capital movements, management fees, royalties, interest, and dividends
• Obtaining advance tax rulings from the Commissioner of Income Tax to ensure certainty and effective use of group structures

We also provide continuous, ongoing support, ensuring our clients have access to reliable tax advice whenever it is needed.