Accounting and bookkeeping services

Accounting and booking may seem to be a simple process, however if no proper books and records are kept, adverse implications may arise for your business. If you are considering outsourcing your accounting and booking, our team can assure you that all accounting entries will be made in compliance with Cyprus Companies Law, International Financial Reporting Standards and International Standards of Auditing.

Our team can offer the following accounting and bookkeeping services:

  • Keep proper track of accounting records as to be easily accessible when required.
  • Debtors and Creditors analysis is kept and always be up to date with ageing analysis.
  • Bank Reconciliations with proper documentation.
  • Management accounts are prepared on a regular basis according to client needs.

We propose that management accounts are performed at least on a monthly basis since it is a formal mechanism for gathering, organising and communicating information about the organisation’s activities.

If you would like our team to handle your daily accounting and booking records, feel free to contact us.

Corporate and administration services

Through our corporate and administration services we aim to promote your interests.

We can deliver excellence that will assist you in making better decisions in relation to your company needs and regulations. You will learn exactly how to make your product, service or investment greater, profitable and desirable. Our support is reliable, fully in compliance with local authorities and we can tailor it according to your needs or demands.

We can also provide budget and cash flow projection. Running your business without a budget is like getting in your car and driving with no idea of where you are going or where you want to go.Your budget expresses your intentions and your course you have chosen and plotted to take your desired destination.We will assist you to state your financial expression of your target as to be real.

In addition, we can perform a proper evaluation of your current economic situationby preparing a Business Analytical Framework emphasizing on ‘‘Market Overview’’, ‘‘Market Growth’’, ‘‘Competitive Environment’’, ‘‘Value Creating Activities’’ and ‘‘Strategy’’

Payroll services

Payroll isn’t just about paying your people. Payroll calculations are complicated by ever changing local regulations. Let us handle your payroll compliance obligations and feel confident that your Tax obligations are in expert hands.

Our team can assist you with the following payroll services:

  • Preparation and calculation of your monthly payroll in Cyprus.
  • Communicate with Cyprus Tax Department.
  • Perform payments to the Cyprus Tax Department on behalf of the Client.
  • Preparing and submitting all relevant Tax forms on behalf of the Employees and Employer to the appropriate Tax Department.

Trust services

In March 2012, the Cyprus International Trusts Law was amended and introduced many features that make Cyprus trusts very popular for international Tax planning and inheritance purposes.

Our team can assist you with the following:

  • Tax planning for the establishment of a trust.
  • Assistance in transferring the assets under the trust in a Tax efficient manner.
  • Advice on the Tax compliance obligations of the trustee and the beneficiaries.

Fiduciary services

Persons or Companies providing Fiduciary Services must be able to understand the personal characteristics of the owners or beneficiaries of the assets entrusted to their care as to be able to control and manage resources in order to achieve the desirable results.

Our firm has the expertise in a variety of industries and sectors and we offer among others the following services:

  • Providing your Company with a Registered Office.
  • Performing the duties of a Director .
  • Arranging another person to act as a nominee shareholder.
  • Providing Company or Partnership Support.
  • Assisting in opening and administrating of a bank account.
  • Assisting with the formation and dissolution of a company or partnership.
  • Transfer, Sale or disposal of a Company.