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Business services and corporate advisory

Services

Successful combination of theory and practice allows us to achieve success

Services
in the UAE

  • Services in the UAE

Services in the United Arab Emirates

Together with our partner AAG Business Consulting, we are ready to provide the following services:

  • Company registration in the UAE
  • Opening bank accounts in the UAE
  • Obtaining residency visas in the UAE
  • Financial reporting and auditing in the UAE
  • Business relocation services to the UAE
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Services
in the UAE

Together with our partner AAG Business Consulting, we are ready to provide the following services:
  • Company registration in the UAE
  • Opening bank accounts in the UAE
  • Obtaining residency visas in the UAE
  • Financial reporting and auditing in the UAE
  • Business relocation services to the UAE

Registration

  • Registration services

Registration services

We provide our clients with the company registration services in many jurisdictions such as

  • Cyprus;
  • United Arab Emirates (UAE)
  • British Virgin Islands;
  • Belize;
  • Panama;
  • Seychelles;
  • UK;
  • Hong Kong.
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Registration

We provide our clients with the company registration services in many jurisdictions such as
  • Cyprus;
  • United Arab Emirates (UAE);
  • British Virgin Islands;
  • Belize;
  • Panama;
  • Seychelles;
  • UK;
  • Hong Kong.
You will find all necessary information about companies incorporation in different jurisdictions in website page Jurisdictions

Corporate and Administrative Services

  • Corporate Services
  • Administration Services
  • Provision of Nominee Services
  • Telephone & Email Services

Corporate Services

  • Preparing the minutes of the directors’ and shareholders’ meetings;
  • Preparing the Annual General Meeting of the company;
  • Preparing and filing the company’s annual return at the Registrar of Companies;
  • Issuing and safekeeping of share certificates;
  • Maintaining the statutory records of companies;
  • Arranging legalization and certification of documents;
  • Arranging translation of documents into any required language;
  • Issuance of powers of attorney;
  • Keeping the common seal of the company in safe custody.
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Corporate and Administrative Services

Corporate Services

  • Preparing Minutes of directors’ and shareholders’ meetings;
  • Preparing Annual General Meeting of a company;
  • Preparing and filing a company’s annual return at the Registrar of Companies;
  • Issuing and safekeeping of share certificates;
  • Maintaining the statutory records of companies;
  • Arranging certification and legalization of documents;
  • Arranging translation of documents into any required language;
  • Issuance of powers of attorney;
  • Keeping the common seal of a company in a safe custody.

Administrative Services

Coordination of business services such as audit, tax advicing, bookkeeping and VAT services;

Audit

Every company after its registration must keep books and file audited accounting once a year. We cooperate with Independent Auditors, who provide high-standard audit services. The reason we involve independent auditors in Cyprus is the law requirement for an auditor to control and overview accountanting to ensure the proper and truthful accounting facts are being filed. We coordinate drafting of IFRS compliant Financial Statements (FS) in both the English and Greek languages for audit and submission to the Registrar of Companies as it is required by the law. Due to independence considerations, we do not undertake the audit of companies we administer and manage. However, we will facilitate the entire process, from the appointment of an independent auditor until final sign-off and submission of the FS.

Please note there are certain risks associated with engaging a Cyprus Corporate Service Provider or Law Firm which performs audit in-house (an albeit too common occurrence).

Bookkeeping

We may maintain bookkeeping records for our clients’ companies

  • Maintenance of computerised accounting records;
  • Preparation of bank reconciliations;
  • Preparation of debtors and creditors reconciliations.

Tax Advising and VAT Services

We advise international and local clients on effective corporate tax planning to reduce their tax liability in ways that are effective and practicable. Legal structures, tax concessions, double tax treaties and appropriate agreements are some of the tools we use for the potential benefit of our clients.

We may provide advice on various VAT matters, including providing information on VAT registration, submission dates, VAT penalties, interpretation and treatment of transactions according to the VAT legislation, etc.

  • Correspondence with third parties and Governmental Authorities; We may lead a correspondence with our partners and different Governmental Authorities on behalf of our clients. We use only trustworthy courier services.
  • Carrying out negotiations on behalf of our clients;
  • Secretarial Services.

Provision of Nominee Services

It is a legal requirement for an International Business Company to have at least 1 shareholder, 1 director, a secretary and registered office. Why is important to have nominees?

Nominees can act on your behalf during the initial registration process , open bank accounts for you and other without you physically being present in Cyprus. You will be guaranteed full confidentiality (although the names of the beneficial owners will need to be disclosed for the purposes of opening the company’s bank accounts) but in practice, you will be the registered beneficial owner of this company. In all cases, beneficial owners are provided with trust deeds and instruments of transfer authorising the nominees to hold shares in trust for the undisclosed beneficiaries.

We provide high level services for our client like

  • Registered office;
  • Registered agent;
  • Nominee shareholders;
  • Nominee directors and other corporate officers to comply with the laws of the relevant jurisdiction.

Telephone & Email Services

Our communication services package includes:

  • A full address for business correspondence + Mail forwarding;
  • Telephone answering services + telephone forwarding;
  • Voice mailbox;
  • Dedicated or Shared Fax line with forwarding;
  • Domain name registration, web design and hosting;
  • Email addresses;
  • Executive email.

Accounting and Financial Services

  • Maintenance of accounting records
  • Bookkeeping
  • Preparation of financial statements
  • Registration for Tax, VAT, Social Insurance and VIES
  • Preparation and submission of Tax, VAT and VIES returns

Maintenance of accounting records

  • Maintaining of accounting records;
  • Preparation of tailor-made periodic management accounting reports;
  • Maintenance of VAT records, preparation and submission of VAT returns.
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Accounting and Financial Services

Maintenance of accounting records

  • Maintaining of accounting records;
  • Preparation of tailor-made periodic management accounting reports;
  • Maintenance of VAT records, preparation and submission of VAT returns.

Bookkeeping

We provide Bookkeeping services based on records collected by a client


Preparation of financial statements

We proved financial statements preparation in accordance with International Financial Reporting Standards


Registration for Tax, VAT, Social Insurance and VIES

We can facilitate the registration or deregistration of businesses with the TAX, VAT Offices in Cyprus, by assisting in completing and submitting the necessary applications and documents, and following up with the relevant authorities for obtaining the VAT number.


Preparation and submission of Tax, VAT and VIES returns

We will review the company’s activities and make optimal recommendations. We will prepare a tax computation which will form the basis of the annual tax return we undertake to prepare and file with the tax authorities.We assist our clients in preparation of TAX, VAT, VIES returns in accordance with the applicable regulations and submitting the same with the relevant authorities. We will provide you with the high level Cypriot and EU VAT/VIES advice and ensure that all of our clients’ companies are in fully compliance with EU and Cypriot VAT laws. We also identify and communicate to our client when it may be possible and beneficial to voluntarily register for VAT. We also undertake to prepare and file quarterly VAT returns and monthly online VIES returns.

Provision of Tax Residency Certificates

Tax Services

  • Preparation and submission of Corporate Income Tax return forms
  • Tax clearance certificates
  • Tax residency certificates

Preparation and submission of Corporate Income Tax return forms

We undertake preparation and submission of a company’s annual tax returns with tax authorities.

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Tax Services

More specifically, we can offer the following services:


Preparation and submission of Corporate Income Tax return forms

We undertake preparation and submission of a company’s annual tax returns with tax authorities.


Tax clearance certificates

In cases where this is requested, and after we make sure that all Tax filings and formalities have been complied with, we can apply for and obtain a Tax Clearance Certificate.


Tax residency certificates

We can obtain a TRC by submitting an appropriate request to tax authorities and confirming the residency status of a client’s company. We are able to obtain a TRC and all other commonly requested Tax certificates within 1-2 business days.

When necessary we can assist with VAT registration, intermediation and liaising with the authorities.

Banking services

  • List of our banking services;
  • Due diligence;
  • Banking secrecy.

List of our banking services

  • Opening bank accounts in Cyprus, as well as other countries;
  • Internet banking secured by digipass;
  • Debit and credit cards;
  • Operating accounts, deposit accounts, notice accounts;
  • Private banking services;
  • Direct debits and standing orders.
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Banking services

Via our banking partners in Cyprus and other countries, we also provide a full range of banking services, including opening bank accounts, providing online banking access, debit and credit cards for your company. Our banking partners are ready to open bank accounts without the owner’s personal visit to the bank.


List of our banking services:

  • Opening bank accounts in Cyprus, as well as other countries;
  • Internet banking secured by digipass;
  • Debit and credit cards;
  • Operating accounts, deposit accounts, notice accounts;
  • Private banking services;
  • Direct debits and standing orders.

We cooperate with PIRAEUS Bank, Hellenic Bank, Bank of Cyprus, etc.


Due diligence

When opening a corporate account for an offshore company, all high-rated banks will require detailed personal and business information from the owners and signatories of the offshore account.

In particular, banks want to know and identify the actual beneficial owner(s) of the company. All owners and officers of the IBC, as well as everyone who will be granted account signatory rights, need to be properly identified and have to provide a number of documents – such as a certified passport copy, a bank reference, a recent utility bill (no more than 3 months old) showing their residential address, a detailed business description, etc. These documentary requirements may vary in details, but their general scope remains fairly similar in all banks around the world.

Using nominee directors and shareholders is certainly helpful in respect of avoiding unnecessary public scrutiny. However, these confidentiality functions are fairly irrelevant for bank account openings. Any bank will be primarily interested in establishing the actual, real owners of the company, and will not be satisfied by merely getting the data on appointed managers or representatives.


Banking secrecy

While the banks are required to know their clients in detail, banking secrecy remains a fundamental cornerstone in all offshore financial centres. The banking secrecy regulations stipulate that such information must remain strictly confidential.

Information-sharing, reporting or any kind of release of confidential banking information to any foreign party or foreign government is strictly prohibited (unless, it is within the context of a criminal investigation). Severe financial and criminal penalties await anyone who divulges client information – this concerns both the bankers and the registered agents.