ACCOUNTING & VAT

Our team of  accountants will undertake your accounting compliance and regulatory reporting obligations as well as any internal accounting projects you may have:

• Bookkeeping
• Preparation of management information
• Preparation of financial statements
• Conversions to IFRS
• Consolidations
• Specialized accounting projects
• Corporate statutory compliance with local registries
• Direct tax
• VAT compliance
• Assisting in the establishment of internal compliance procedures

We offer you continuous ongoing support which every client needs to have 24/7.

AUDIT & ASSURANCE

We work hard to understand the operations, the internal controls and risks of your business and your market. Our independent assurance and insight go yonder the audit opinion, giving you a greater understanding of your organization. Our stimulating purpose will help you identify rising risks and thrive workable applicable solutions.

Our assurance service will enable your organization to mitigate its risks and invest on new business opportunities. We take a diligent approach to the areas of your business that can be difficult to quantify or measure. We deal with compound situations and provide assurance where there is skepticism and suspicion

STATUTORY AUDITS

According to Cyprus’ Companies Law, all entities incorporated in the Republic of Cyprus have an annual obligation to submit to the Registrar of Companies its audited financial statements. Our audit approach is tailored to each client’s circumstances such as:

• The industry field in which they operate,
• Their size and functions,
• Their legal status.

It draws upon our technical know-how and experience on International Standards of Auditing, International Financial Reporting Standards and legislation.

INTERNAL AUDITS

The role of internal audit is to provide independent assurance that an organization’s risk management, governance and internal control processes are operating effectively. It is designed to help an organization accomplish its strategic objectives by bringing a systematic, disciplined approach by evaluating and improving the effectiveness of risk management, control, and governance processes.

SPECIAL PURPOSE AUDITS

We can provide the following at your request:

• Special investigations and/or consultation
• Preparation and documentation of internal procedures and processes in accordance with client needs and in accordance with regulations.
• Design and implementation of internal audit programs
• Investigation of internal audit functions
• Audit the current system and highlight areas of improvement
• Preparation of internal audit reports for management use and for company internal audit committees
• Evaluation of the systems in relation to organizations’ risk exposure
• Effectiveness and efficiency of operations
• Reliability and integrity of financial and operational information
• Safeguarding of assets
• Compliance with laws, regulations and contracts

BUSINESS CONSULTING

Whether you are looking to grow your business through the merger or acquisition process, seeking advice for your distressed business or looking to receive the best possible selling price, we can help you reach your financial objectives, focusing on:

• Establishing, reviewing, implementing and supporting strategies for mergers and acquisitions
• Due diligence reviews and reporting
• Negotiation support and liaison with local authorities and banks

TAXATION

We are able to advise and assist you and your organization in all the following fields:

• Cyprus Tax planning and compliance
• Capital Statements analysis and preparation
• Cyprus Double Tax treaties
• Corporate Tax Residency in Cyprus
• International Tax planning

We aim to deliver comprehensive, experienced, tailored-made solutions to assist you and your organization to meet your needs and statutory obligations.

CORPORATE TAX SERVICES

• Tax Returns and Computations

Through our firm’s Tax Team, we also provide Tax Compliance services which include but are not limited to:

• • Preparation and submission of Corporate and Individual Income Tax return forms
  • Provisional Tax Assessments
  • Tax computations
  • Liaising with Tax Authorities
• Tax Opinions

Our firm has an in-depth knowledge of the tax system in Cyprus and, based on information presented to us, we can provide you with a tax opinion, which is specific to your circumstances.

• Tax Rulings

We can request and obtain an official tax ruling from the Income Tax Office, with respect to specific circumstances that are applicable to your company.

• Tax Certificates & Cyprus Tax services

Liaising with the Tax Authorities and obtaining tax clearance certificates, tax residence certificates, and double taxation certificates.

INDIVIDUAL TAX SERVICES

• Tax Services for individuals

We provide our clients with the taxation expertise and knowledge that they deserve throughout the year.

• Tax Returns and Computations

We offer to our clients:

• • Assistance in preparation of their tax returns
  • Submission of the required tax return to the Inland Revenue
  • Advice and preparation of capital statements
  • Personal tax planning
  • Liaising with the local tax authorities.
• Capital Statements

Our tax specialists assist clients with:

• • Advice and preparation of capital statements
  • Submission of the capital statements to the Inland Revenue
  • Liaising with the local tax authorities
• Tax Certificates

Liaising with the Tax Authorities and obtaining tax clearance certificates, tax residence certificates, and double taxation certificates.

CORPORATE SERVICES

Our corporate team targets on providing our clients with tailored made solutions based on the requirements of their business and commits on delivering professional legal services of the highest standard across a wide spectrum of areas, such as:

• Incorporation of Cypriot companies under the Companies Law i.e. companies limited by shares or guarantee, public or private;
• Incorporation of Partnerships, Trade Names and Clubs, Societies or Institutions;
• Drafting of Memorandums and Articles of Association; Undertaking any kind of corporate procedures at the Registrar of Companies in Cyprus, including changes to Company’s corporate structure, amendments to a company’s M&AA, voluntary liquidation procedures, registration of charges, capital-raising transactions, removal and appointment of directors or other officers, convening and arranging the holding of general or board meetings etc;
• Drafting of Memorandums and Articles of Association; Undertaking any kind of corporate procedures at the Registrar of Companies in Cyprus, including changes to Company’s corporate structure, amendments to a company’s M&AA, voluntary liquidation procedures, registration of charges, capital-raising transactions, removal and appointment of directors or other officers, convening and arranging the holding of general or board meetings etc;
• Opening of bank accounts in all main Cyprus banks and foreign banks;
• Undertake the carrying out of due diligence on Cypriot companies for any purposes;
• Liquidation applications against Cypriot Companies

We offer you continuous ongoing support which every client needs to have 24/7.

TAX PLANNING

Tax planning is an essential component of any business. We offer in depth specialist tax knowledge and have the experience to provide valuable advice. We treat each business as unique and aim to offer tailored solutions which always comply with the relevant tax laws and regulations. Taking into account the dynamic environment and tax developments such as OECD-Based Erosion and Profit Shifting (BEPS) Action Plans, we aim to offer effective tax compliance, manage tax risks and optimize clients’ outcome.

Our services include:

• Use of Cypriot and other jurisdictions’ companies in multinational tax structures
• Use of Double Tax Treaty provisions on capital movement, fees collection, royalties, interest and dividends
• Obtain tax rulings from the Commissioner of Income Tax to ensure the effective use of companies within Group structures.

We offer you continuous ongoing support which every client needs to have 24/7.