Our Services
Transfer pricing (TP) reports & studies
The TP studies are essential for ensuring that intercompany transactions comply with the local and international tax laws, which dictates the prices that should be charged between related parties. The TP studies typically assess factors such as the functions performed, assets used, and risks assumed by each party involved in the transaction, by mitigating the risk of tax audits, avoid penalties, and ensure the fair distribution of income across jurisdictions, while also adhering to guidelines set by organizations like the OECD (Organisation for Economic Co-operation and Development).
Our experienced team has all the relevant qualifications and extensive knowledge to be in the position to analyse and prepare any kind of transfer pricing study, according to international standards developed by the OECD and the Cyprus tax law. Specifically, our transfer pricing professionals can assist you in developing transfer pricing policies that optimise your business’s value, while ensuring full compliance with the applicable transfer pricing legislation.
Our software and database for the provision of such TP reports is considered the leader in the market, in an effort to fully support all our client’s needs and providing reliable and accurate results.
Direct tax advisory & compliance
- Arranging and obtaining tax residency certificates for individuals and companies in Cyprus
- Arranging and obtaining of non-domicile certificates for individuals
- Arranging and obtaining tax clearance certificates and representing the company with the tax authorities by discussing directly and finding the best possible solution
- Personal tax computation and tax returns
- Preparation of tax computations and company tax returns
- Assistance in preparing tax calculations for financial statements
- Registration with Income Tax Authorities (TIN number)
- Special defense contribution calculations and exemption certificates
- Capital Gains tax
- Communication with the Tax Authorities and full support in dispute resolutions/objections
- Preparation and submission of tax ruling requests
- Any other tax matter on an ad hoc basis
Indirect tax (VAT) advisory & compliance
- Registration with VAT authorities (VAT number)
- Completion of quarterly returns
- VAT review
- Communications with VAT Authorities, preparation and submission of VAT ruling requests, support in dispute resolutions
International tax advisory & compliance
Our team can advise and assist in implementation of the following international direct and indirect tax matters:
- Cross border transactions
- Cross-border mergers and acquisitions and re-domiciliation’s
- Group reorganizations
- Income and capital gains tax
- Tax due diligence
- International VAT advice
Corporate administration services
Depending on your needs, we can assist you with the following services:
- Company incorporation
- Company administration
- Nominee and representation services
- Opening bank accounts with the biggest banks of Cyprus in an efficient way
- Translations of Russian and Ukrainian languages to English or Greek language can be arranged. Meetings with Russian and Ukrainian speaking persons can be done with the presence of a translator – if needed.
- Liquidations and strike off
Audit & assurance services
Our team and with our partners we provide the following services:
- Statutory and non-statutory audits in accordance with International Standards of Auditing (ISAs)
- Management reporting
- Due diligence reporting
- Internal audit
- Assistance in preparation of financial statements in accordance with International Financial Reporting Standards (IFRSs)
- Agreed upon procedures and limited review opinions
Accounting & bookkeeping services
- Bookkeeping of company transactions
- Preparation of financial statements and financial reports
- Budget and cash flow preparation
Payroll service
- Payroll calculation
- Monthly calculation and payment of social insurance and tax contributions to the authorities
- Preparation of employees’ payslips
- Preparation and distribution of annual payroll forms (IR63)
- Preparation and submission of the annual payroll form (IR7) for the company to the authorities
Immigration services
Our team and with our business partners who is a dedicated team experienced in immigration matters can fully support and advise the clients on their residency permit requirements and provide full assistance in the collection of documents and application process until the issuance of the requested residency permit.
We can provide support on the following:
- Employment Permits (both temporary and permanent)
- Temporary Residence Permit
- Permanent Residency Permit (via Investment route or otherwise)