Tax Planning
Taxation is a complex matter and tax planning is very important in order to achieve your business and personal objectives. There is a way through the complexity with the help of our highly experienced Associate Tax Advisors, who can help you maximize your profit returns by minimizing your tax burden. At the same time you will spend less time for your tax compliance and reporting obligations.
Tailor-made taxation advice is provided for each particular case to individuals, investors, businesses, companies, and trustees internationally. Our Associate Experts will always identify tax-efficient ways to achieve your business goals and help you to fulfil Fast and Efficient all your obligations by claiming all tax reliefs to which your business is entitled.
Tax Consultancy
Our Associate Tax Advisors can provide tax consulting to avoid tax missteps, reduce tax liabilities and help you maximize your assets, while minimizing taxes. We give specialized advises on a Case to Case basis for the specific needs of your particular type of business. We give special value to the personal relationship with our respectful clients by helping them build value and manage the impact of tax taken on their business. Tax efficiency is important to a business and with us you will be secure, as we approach tax issues from all angles finding the best solutions for your particular needs.
We can provide the following services:
- Business Set up
- Reduce Tax Costs
- Reduce time spend on tax compliance
- Help to focus on your business adding value activities
- Expand overseas
- Raise funds
- Realise the maximum potential from your existing business
- Purchase and/or disposal of a business entity
- Make an investment abroad or domestic
Substance
Substance becomes an important element in tax planning. We can assist setting up your company in a manner in which the substance requirements are met. We can offer office spaces telecommunications lines and personnel to meet your needs and comply with regulations.
Call us Now for Free Consultation on the following topics:
- Today’s Substance Requirements
- Substance would determine the company’s tax residency
- What actions/measures indicate substance
- Types of Substance required
- Holding companies
Bank Account Opening
Through our team, we provide bank account opening timely and efficiently. In addition to that our Associate Fiduciary Services department can manage the bank accounts on your behalf with strictly confidential procedures and handle all the administrative procedures from the opening of the account to the day to day basis. We can also advice on CRS and FATCA compliance.
Accounting
With the help of our associate partners, with more than 40 years’ experience in accounting and auditing, we can take care of your bookkeeping and accounting needs.
Recording process is done according to International Financial Reporting Standards (IFRS), International Accounting Standards (ISAs) and at the same time meets your requirements for producing valuable financial information that will help you in your business and day to day decision making.
Bookkeeping and accounting services include:
Bookkeeping
Preparation of Annual Accounts
Maintaining VAT records
Invoicing services
Registration with VAT, VIES, INTRASTAT, EOR
Budgeting and Variance Analysis
Preparation of Statutory Financial Statements
Preparation of Financial Statements under IFRS
Taking on short-term projects to relieve your team of administrative overload
Preparation of provisional Tax payments
Preparation of Management Accounts
Preparation and submission of VAT returns
Preparation and submission of VIES return
Preparation of Tax returns
The Ip Box Regime In Cyprus
The new provisions of the IP Box regime apply for assets which are developed after 1 July 2016. The rules provide 80% of the qualifying profits generated from qualifying IP’s will be deductible as expenses and thus 20% will be subject to income tax of 12.5%, this brings the maximum effective rate of tax at 2.5%.Any person who claims benefit under the above regime should maintain proper books and records in accordance to Cyprus Laws. Trade Marks are not included in the list of Qualifying IP and therefore nor eligible for benefits under the new IP Box regime.
Through our associate experts, we can advise on registration of an IP in Cyprus and to the tax treatment of the Income. Also, we can offer expert tax advice for in cases of non-qualifying assets under the new IP BOX regulations If you need Consultation on the following:
- Qualifying intangible asset
- Qualifying expenditure
- Up-lift expenditure
- Overall expenditure
- Overall income