Accounting

Our experienced accounting and technical staff along with associates can perform day to day support in the preparation of accounting records in accordance with the relevant regulatory body requirements as well as international finical reporting standards.

Accounting services include:

  • Maintenance of the general ledger.
  • Reconciliation and analysis of bank accounts
  • Preparation of management accounts and other reports
  • Conversion of overseas GAAP accounting records to IFRS accounting records

Audit & Assurance 

We add value to our clients reporting by providing independent audit and assurance services designed to enhance the reliability and accuracy of the information presented in the Financial Statements.

Credibility and reliability is added to the audited Financial Statements when reviewed by users including investors, creditors, financial institutions and other stakeholders, including the Cyprus authorities. 

The Audit & Assurance Services include the following:

  • Assistance in the preparation of Financial Statements in accordance with international Financial Reporting Standards (IFRSs)
  • Issuance of Audit reports in accordance with International Standards on Auditing (ISA)
  • Assistance in the preparation of Consolidated Financial Statements in accordance with IFRSs
  • Evaluation of internal controls and procedures and reporting on any deficiencies

 

Taxation

Taking into consideration the tax regime for companies and individuals which is currently in place in Cyprus, in combination with the wide network of Double Tax Treaties available in Cyprus as well as the EU directives, we provide valuable advices and guidance on various tax matters and assistance in effective tax planning.

Personal & Corporate Tax Services 

We are able to provide the following:

  • Registration with the Cyprus Tax Authorities
  • Preparation and submission of tax computations and returns 
  • Obtain Tax Residency Certificates and Double Tax Treaty Certificates 
  • Liaise with the Cyprus Tax Authorities on any matters or disputes which may arise.

International Tax Planning

Through our network of tax specialists we can assist our clients to expand in new jurisdictions and through effective tax planning minimise their tax burden.

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.

 

Value Added Tax (VAT)

Our primary objectives is to keep our clients up to date with the legislative and judicial developments both on local and European level, providing clients:

  • Registration and reregistration of local and international Companies with the Cyprus VAT Register
  • Registration of company to European Union Inter community trade (VIES registration)
  • Assistance on completion and submission of quarterly VAT returns
  • Review of business agreements and specific transactions advising on possible VAT compliance arising.

 

Advisory

In our company , we believe that that through advice and guidance, business and Organisation can achieve improvements in their operations and maximise their wealth. Our consultants provide practical solutions and supports, by spotting weaknesses and suggesting improvement actions and capitalising on strengths.

Financial Advisory:

  • Valuations
  • Due Diligence
  • Operational and Financial Restructuring 
  • Transaction Structuring

Internal Audit

  • Internal Audit outsourcing 
  • Evaluation of Internal Control System
  • Preparation of Internal Audit and Procedures’ Manual 
  • Risk management
  • Corporate Governance
  • Regulatory and Compliance