tax advisory

Our team recognizes the pivotal role of strategic tax planning in fostering fiscal success, and through our network of experts, we are committed to formulating bespoke tax strategies that align with your individual or business objectives. From optimizing tax to navigating intricate tax codes, we ensure comprehensive coverage. Partner with us to craft a strategy that addresses your immediate needs and lays the groundwork for sustained financial prosperity.

How we can help with tax planning:
– Preliminary tax consultation and advice even before you set your entity
– Preparation of tax reports and obtaining preliminary tax rulings
– Transfer pricing consultation
– Transfer pricing report where this is required
– Personal tax consultation
– Cross-border transaction tax review

Accounting & Audit

From fundamental bookkeeping and payroll services to intricate financial reporting preparation, our comprehensive accounting services cater to a spectrum of client needs. We pride ourselves on offering tailored solutions to those with specific requirements. Our primary objective is to manage the intricacies of your business, ensuring that deadlines are met, reporting is meticulously accurate, and financial information is readily available when you need it. By handling these crucial details, we empower you to concentrate on business growth with the confidence that your financial matters are in capable hands.

How we can help with finance:
– Bookkeeping
– Preparation of management accounts and financial statements in accordance with applicable IFRSs and local laws
– Advising on the correct application of IFRS
– Advice on anticipated transactions and their impact on the financial Statements
– Invoicing
– Liaising with external independent auditors for the annual statutory audit
– Full Payroll services, including registration to the Social Insurances, preparation of payroll reports, payment of contributions and taxes, and ongoing consultation on payroll related matters
– Audit Conducting internal and external audits to ensure the accuracy and reliability of financial information

VAT

VAT has increased its dominance as a national revenue raiser and continues to transform in response to EU VAT Legislation.

It is essential for all businesses to be aware of the impact that the VAT Legislation has on their affairs and proactively assess their VAT exposure. Our specialised Indirect Tax team has extensive experience in dealing with complex issues faced by businesses domestically and globally and is here to assist in structuring a wide range of transactions, while also providing innovative and effective VAT planning advice.

Our team may support you with:
– VAT advisory services
– VAT Advice on all aspects of the Cyprus and EU VAT Law
– VAT Opinions and Rulings
– Advice on the use of special VAT Schemes
– Partial exemption methods
– Assessment of VAT exposure and planning
– Negotiating with the VAT Authorities on your behalf
– VAT compliance services
– VAT registration
– VIES Registration
– Preparation of VAT returns and other compliance work
– VAT grouping
– Transfer of business on a going concern
– VAT refunds for overseas businesses
– Refunds of VAT incurred overseas (EU and non-EU) by Cyprus companies
– Preparation and submission of Intrastat and VIES forms
– VAT Deregistration

Company Incorporation

We assist our clients with the provision of company secretarial services from the birth of their business.

We guide them through every stage of their company’s life cycle, ensuring good corporate governance and compliance with domestic law. Being one of the oldest players in the market, we have established an unparalleled depth of knowledge that few firms can match. Our team of corporate lawyers offers solid and pragmatic legal advice on a full spectrum of corporate transactions to clients from a wide range of industries.

Our team specialises in:
– Company formation in multiple jurisdictions
– Opening of bank accounts
– Company management and secretarial

Intellectual Property (IP) Tax Regime

The Intellectual Property (IP) Tax Regime in Cyprus, updated in January 2017, aligns with the OECD’s BEPS project, offering significant tax benefits for qualifying IP assets. With transitional provisions in place, businesses can enjoy up to 80% tax deduction on qualifying IP profits.

How we can help with IP Tax Regime:
– Consultation on IP Tax Benefits
– Transitional Arrangements
– Qualifying Asset Assessment
– Tax Compliance
– Tax Deduction Optimization
– Record Keeping

Transfer Pricing

Effective 1 January 2022, Cyprus implemented detailed Transfer Pricing (TP) legislation aligned with OECD guidelines. This legislation affects Cyprus tax residents and permanent establishments of non-resident entities involved in transactions with related parties.

How we can help with Transfer Pricing:
– Compliance Support
– Related Party Analysis
– Documentation Preparation
– APA Applications
– Deadline Management
– Penalty Mitigation

Real Estates

We advise and represent local and foreign clients on all legal issues relating to the acquisition, sale, leasing, renting of immovable property in Cyprus, as well as with the attainment of relevant permissions and licenses and any other dealings with real estate located in Cyprus.

Indicative services include but are not limited to:
– Drafting of sale & purchase agreements, rental agreements, assignment agreements and lease assignments
– Carrying out of due diligence on immovable properties to be acquired
– Negotiations with land developers, landlords, vendors and bankers of the vendors
– Liaising with the Land Registry department and attendance on behalf of our clients to deposit all types of immovable property agreements and to effect transfers of title

Immigration

We continuously assist clients successfully with their relocation requirements by:
– Obtaining of permanent residence permits, either through the fast track method or through the regular procedure
– Obtaining of temporary residence permits under the categories of employment or visitor and long-term residence permits
– Applications for citizenship, by naturalization or through the Cyprus Investment Programme
– Assistance with Schengen Visa Applications