Financial Services

Our Financial - Team is consisted from business consultants and accountants catering for the needs of our clients’ worldwide. The wide spectrum of professional services offered in respect of International business entities include:

Audit and Accounting work

1. Preparation and audit of the financial statements of a company, and their submission to the Central Bank and Income Tax Authorities.
   
2. Preparation of the confidential Annual Return and its submission to the Central Bank.
   
3. Maintenance and update of accounting records and the preparation of management reports on request by our clients. 

Tax Planning and Tax Compliance work
Compliance with Tax legislation and the Companies Acts needs to be ensured at all times. Our firm can provide tax compliance work and planning to ensure the smooth operation of our company clientele. In this respect, we undertake the following services:

1. Preparation of the financial statements of a company as well as Income Tax computations, and their submission to the Income Tax Authorities
   
2. Preparation of personal Income Tax Returns for expatriate directors and employees and their submission to the Income Tax Authorities.

Management and Business Consulting
Management and Business consultation is provided and can range from simple day-to-day business advises to Tax Consultation & Planning, Financial Control, Management Accounts, Market Assessments, Feasibility Studies etc.

Executive Recruitment
Our firm at the request of our clients can undertake the recruitment of Professional staff.

Company Formation
Our professional staff will ensure that the registration process will be completed successfully within ten working days, given all details have been submitted to us

Provision of nominee directors, shareholders, the company secretary and registered office
Nominee directors, shareholders, Company secretaries can be appointed and a registered office provided.

Administration and Management of offshore entities
The administration (e.g. invoicing, bank transfers, faxes, payments and so on) and management of International business entities is facilitated at the request of our clients.

International Business Company Registration

The submission of a completed questionnaire (see FORM OFF001) will state your request for the registration of an international business company in Cyprus. Please read carefully the following notes when attempting to complete the questionnaire:

1. Name of the Company
Two alternatives proposed names should be provided in order of preference. The second name will be used in the case the Registrar rejects the first name. Words such as Queen, Royal etc. will not be accepted. If a reason is given for the name selection, the approval possibilities are enhanced. For immediate registration, we can use any name, which we can later change.

2. Principal Activities of the Company
By Law, the activities of the company need to be stated in the Memorandum and Articles of Association. Give a brief description in the area provided.

3. Capital Structure
The minimum issued and paid up capital for international business entities of C£1.000. For entities wishing to establish fully-fledged offices in Cyprus the minimum issued and paid up capital required amounts to C£10.000. More information on this issue may be supplied upon request.

4. Proposed Shareholders
For anonymity purposes, nominee shareholders appointed by our firm may hold the shares on behalf of the beneficial owners. Accordingly, public disclosure of the identity of shareholders will not be possible.

5. Bank References
Bank references from reputable Banks for all shareholders need to be submitted to the Central Bank of Cyprus. These should refer to their financial standing, respectability, credit worthiness, and responsibility of engagements. A specimen Bank Reference is included in the questionnaire (OFF01), which you can use for your own reference.

6. Temporary Subscribers
Temporary subscribers to the Memorandum and Articles of Association may be appointed to achieve a shorter registration period. These will later be changed.

7. Nominee Shareholders
Nominee shareholders are appointed to achieve anonymity. It may also be necessary to appoint nominees if a second shareholder is not desired.

8. Directors
In order to take full advantage of the Double Taxation Treaties, it is recommended that our firm appoint nominee directors. This will help demonstrate that the company is managed and controlled in Cyprus

If it is necessary and desired to appoint Directors from abroad, then fill in the table of paragraph 8 of the questionnaire.

9. Registered Office - Company Secretary
It is a statutory requirement for all offshore entities to have a company secretary and registered office in Cyprus, which can be used as the Business address of the company. These services are provided by our firm as briefly outlined above. If this is not desired, please provide details of other arrangements made.

Bank Accounts

Bank accounts in any currency can be opened with any bank at the client’s request. Transfers can be affected without any restrictions. The Directors may open any accounts and Authorised signatories can be appointed by you from outside Cyprus simply by sending you certain Bank Documents which will need to be filled in, signed by the Authorized signatories and certified by a recognized Bank or Official government body or the Cyprus Embassy in your country. More information on this issue may be forwarded to you on request.

In order to enjoy the advantages offered in Cyprus complete the attached questionnaire and return it to us