Our risk-based audit approach is adapted in order to meet the specific client circumstances through the selection and combination of audit procedures which best fits the specific business sector. In this way, we manage to maximize our efficiency and effectiveness. We evaluate our clients’ business environment including their internal accounting and control systems. Up-to-date software tools are used as a means of improving accuracy and efficiency of our testing. Depending on client size, we concentrate on more detailed control testing (large clients) and increased transaction testing (small clients) accordingly. As independent business advisors, we are able to deliver constructive advice…

Tax forms an integral part of the corporate environment irrespective of whether you are a sole trader individual or a large, medium or small sized company. It is therefore vital for businesses to align their tax strategies with their overall business needs, while meeting their compliance obligations whenever they arise. Our Firm is able to help you structure your business in a tax-efficient manner, both locally and globally. We advise clients on effective corporate tax planning in order to reduce their tax liability in ways that are effective and practicable. Some of the tools used in this respect are:  Establishing…

We provide a range of services to ensure that our clients meet all compliance requirements in the increasingly complex business and regulatory environment businesses currently operate. Our services include: Corporate tax compliance services Personal tax compliance services VAT compliance services Bookkeeping Payroll outsourcing IFRS support

Internal audit and risk management are useful business tools since they assist in preventing or minimising the chances of incurring unnecessary costs, potential loss of resources and, most importantly, credibility to the market. This in turn affects all stakeholders in the business – shareholders, board members, employees and customers. The existence and implementation of Corporate Governance is therefore of great importance. Corporate Governance mainly aims in: Increasing shareholder value Encompassing stakeholders’ legal interests Controlling financial, business and operational risk Reducing the cost of capital Hence, via Corporate Governance it is ensured that a company implements systems and structures that can…

Our aim is to ensure that our clients use the finance provider and means that best suit their circumstances and needs. Our broad understanding of the local economy and culture enable us to provide comprehensive financial advice and execution expertise on transactions such as mergers, acquisitions, divisions and other restructurings to a range of client sizes and types of businesses. Therefore, if you are considering acquiring a new business or merge with an existing one we can assist in establishing that the financial information you hold is as accurate and complete as possible through the provision of financial and tax due diligence helping…

We offer tailor made solutions allowing our clients to set up and manage regulated funds anywhere in the EU and assist them in launching their own EU Fund Management Company or Alternative Investment Fund Management Company in Cyprus (see also CIF section). How can we assist? (a) Formation Services Establishment of regulated Alternative and UCITS funds anywhere in the EU Establishment of regulated fund management companies and alternative investment fund management companies and advising throughout the licensing procedure Assisting in the drafting of the necessary procedures manuals to comply with the relevant laws and regulations Advising to ensure compliance with…

Cyprus adopted the new EU wide Markets in Financial Instruments Directive (MiFID) legislation into Cyprus Law with the Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007). Companies that are not classified as banks but wish to offer investment services can now apply for a license to the Cyprus Securities and Exchange Commission (CySEC), which is the appointed regulating and supervising authority under this Law. Similarly, banks can apply for a license to the Central Bank of Cyprus which is the corresponding authority. With Cyprus being a member of the EU and the MiFID legislation, a CIF…

Cyprus is widely used by international businesses in order to maximise after tax returns, increase their effectiveness and optimise use of capital and financial resources. We can assist clients in incorporating a company not only in Cyprus but also in a number of other jurisdictions including the BVI, Belize, Seychelles, Dubai, Singapore, Malta, Luxemburg, Panama and Mauritius. We can also assist in the provision of fiduciary, compliance and other relevant services such as the appointment of: Professional directors Nominee shareholders Corporate secretary Registered office We can also provide a full range of compliance and outsourcing services including: Opening and monitoring…