{"id":1302,"date":"2013-04-07T16:28:54","date_gmt":"2013-04-07T16:28:54","guid":{"rendered":"http:\/\/www.kriesi.at\/themes\/enfold\/?page_id=1302"},"modified":"2021-08-27T15:40:44","modified_gmt":"2021-08-27T12:40:44","slug":"services","status":"publish","type":"page","link":"https:\/\/www.gdpanayiotides.com\/index.php\/pages\/services\/","title":{"rendered":"Services"},"content":{"rendered":"<div id='layer_slider_1'  class='avia-layerslider main_color avia-shadow  avia-builder-el-0  el_before_av_one_full  avia-builder-el-first  container_wrap sidebar_right'  style='height: 151px;'  ><\/div><div id='after_layer_slider_1'  class='main_color av_default_container_wrap container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-1302'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" id=\"style-css-av-1u9scm-9e86f80249f6fecb812ad72cc661b8d1\">\n#top .flex_column.av-1u9scm-9e86f80249f6fecb812ad72cc661b8d1{\nborder-radius:0px;\n-webkit-border-radius:0px;\n-moz-border-radius:0px;\npadding:0px;\n}\n<\/style>\n<div class='flex_column av-1u9scm-9e86f80249f6fecb812ad72cc661b8d1 av_one_full  avia-builder-el-1  el_after_av_layerslider  el_before_av_promobox  avia-builder-el-first  first flex_column_div av-zero-column-padding '   ><div  class=\"tabcontainer   sidebar_tab sidebar_tab_left border_tabs  avia-builder-el-2  avia-builder-el-no-sibling \" role=\"tablist\">\n\n<section class=\"av_tab_section\"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div aria-controls=\"tab-id-1-content\" role=\"tab\" tabindex=\"0\" data-fake-id=\"#tab-id-1\" class=\"tab active_tab\"  itemprop=\"headline\" ><H4>Taxation<\/H4><\/div>\n<div id=\"tab-id-1-content\" class=\"tab_content active_tab_content\" aria-hidden=\"false\">\n<div class=\"tab_inner_content invers-color\"  itemprop=\"text\" >\n<h4><strong>Cyprus and International Tax Planning<\/strong><\/h4>\n<p>Careful tax planning is critical for business success. We provide proper advice to all our clients in order to ensure efficiency and compliance with regulations.<\/p>\n<p><strong>In addition, our services include:<\/strong><\/p>\n<ul>\n<li>Registration of a company with the Tax Department;<\/li>\n<li>Preparation and submission of a company\u2019s annual tax return and other relevant tax returns;<\/li>\n<li>Assisting in the preparation and filing of the provisional income tax returns;<\/li>\n<li>Obtaining tax residency certificates for Companies and Individuals;<\/li>\n<li>Preparation and submission of VAT returns;<\/li>\n<li>Assisting with the objection against incorrect tax assessments;<\/li>\n<li>Preparation of capital statements for individuals;<\/li>\n<li>Correspondence with the Tax Department (Direct and Indirect Tax);<\/li>\n<li>Obtaining tax rulings on specific matters\/transactions.<\/li>\n<\/ul>\n<div  class='avia-button-wrap avia-button-center  avia-builder-el-3  avia-builder-el-no-sibling ' >\n<style type=\"text\/css\" id=\"style-css-av-9lj9y-30d0480d2ee5565d2449552693a62061\">\n#top #wrap_all .avia-button.av-9lj9y-30d0480d2ee5565d2449552693a62061:hover{\ncolor:white;\ntransition:all 0.4s ease-in-out;\n-webkit-transition:all 0.4s ease-in-out;\n-moz-transition:all 0.4s ease-in-out;\n-ms-transition:all 0.4s ease-in-out;\n-o-transition:all 0.4s ease-in-out;\n}\n<\/style>\n<a href='https:\/\/www.gdpanayiotides.com\/index.php\/taxation\/' class='avia-color-theme-color avia-font-color-theme-color avia-button avia-button-fullwidth av-9lj9y-30d0480d2ee5565d2449552693a62061 avia-icon_select-no avia-color-theme-color ' ><span class='avia_iconbox_title' >Reed more - Cyprus Tax Incentives<\/span><span class='avia_button_background avia-button avia-button-fullwidth avia-color-theme-color-highlight'><\/span><\/a><\/div>\n\n<\/div>\n<\/div>\n<\/section>\n\n<section class=\"av_tab_section\"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div aria-controls=\"tab-id-2-content\" role=\"tab\" tabindex=\"0\" data-fake-id=\"#tab-id-2\" class=\"tab \"  itemprop=\"headline\" ><H4>Accounting<\/H4><\/div>\n<div id=\"tab-id-2-content\" class=\"tab_content \" aria-hidden=\"true\">\n<div class=\"tab_inner_content invers-color\"  itemprop=\"text\" >\n<p>Our team of professionally qualified accountants will undertake bookkeeping, payroll, VAT compliance work.<br \/>\nOur services include:<\/p>\n<ul>\n<li>Maintenance of the general ledger<\/li>\n<li>Maintenance of proper books and records<\/li>\n<li>Monthly processing of Payroll Wages and contributions<\/li>\n<li>Quarterly Preparation of VAT Returns<\/li>\n<li>Reconciliation and analysis of bank accounts<\/li>\n<li>Preparation of management accounts<\/li>\n<li>Preparation of annual financial statements and consolidated accounts for group companies<\/li>\n<li>Preparation and submission of provisional tax declarations<\/li>\n<li>Payment of Taxes<\/li>\n<li>Preparation of Employer\u2019s Annual Returns (I.R.7s);<\/li>\n<\/ul>\n\n<\/div>\n<\/div>\n<\/section>\n\n<section class=\"av_tab_section\"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div aria-controls=\"tab-id-3-content\" role=\"tab\" tabindex=\"0\" data-fake-id=\"#tab-id-3\" class=\"tab \"  itemprop=\"headline\" ><H4>Audit <\/H4><\/div>\n<div id=\"tab-id-3-content\" class=\"tab_content \" aria-hidden=\"true\">\n<div class=\"tab_inner_content invers-color\"  itemprop=\"text\" >\n<p>Every Cyprus company is obligated to prepare annual audited accounts and submit its annual tax return to the Tax Department. Our services go beyond the statutory obligation by adding value and offering high quality service.<\/p>\n<p><strong>Our firm undertakes the following:<\/strong><\/p>\n<ul>\n<li>Statutory audit in accordance with International Standards on Auditing (ISA\u2019s) and the Cyprus Companies Law<\/li>\n<li>Preparation of stand alone and consolidated financial statements in accordance with International Financial Reporting Standards (IFRS&#8217;s)<\/li>\n<\/ul>\n\n<\/div>\n<\/div>\n<\/section>\n\n<section class=\"av_tab_section\"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div aria-controls=\"tab-id-4-content\" role=\"tab\" tabindex=\"0\" data-fake-id=\"#tab-id-4\" class=\"tab \"  itemprop=\"headline\" ><H4>Cyprus Company Formation<\/H4><\/div>\n<div id=\"tab-id-4-content\" class=\"tab_content \" aria-hidden=\"true\">\n<div class=\"tab_inner_content invers-color\"  itemprop=\"text\" >\n<p>We offer our clients the opportunity to register a Company in Cyprus which can have a Cyprus bank account.<\/p>\n<h4>Process of Cyprus company registration<\/h4>\n<p><strong>1)<\/strong> The documents that are required for each shareholder\/ officer of the Cyprus Company are:<\/p>\n<ul>\n<li>Copy of passport \/ ID<\/li>\n<li>Copy of a recent utility bill as a prove of place of permanent residence e.g. electricity bill, telephone bill etc<\/li>\n<li>Curriculum Vitae<\/li>\n<\/ul>\n<p><strong>2)<\/strong> Name approval from the Cyprus Company\u2019s Registrar (2-3 days)<\/p>\n<p><strong>3)<\/strong> Incorporation documents to be submitted to the Cyprus Company\u2019s registrar to complete the incorporation procedure (5-10 days)<\/p>\n<hr \/>\n<h4>Bank account Opening<\/h4>\n<p>At G D Panayiotides &#038; Co we can assist you opening a bank account with a Cyprus bank through our established relationships with the 3 largest banking institutions of Cyprus. Furthermore, we can assist you with the bank account opening procedure in various other countries or provide you with the documents required for you to open in the country of your preference.<\/p>\n<hr \/>\n<h4>Cyprus Company benefits and other advantages<\/h4>\n<ul>\n<li>Cyprus Registered company subject to low tax of 12,5%<\/li>\n<li>Cyprus Royalty box to tax intellectual property, including software development, at an effective tax rate of 2,5%<\/li>\n<li>Member of the EU since 2004, tax regime in full compliance with EU and OECD. Since 2004 Cyprus registered company is not an offshore company but a normal European company<\/li>\n<li>Cyprus is an established, reputable jurisdiction with an increasing appeal to large multinational companies like Amazon but also to small private companies<\/li>\n<li>Investment friendly and high-quality professional services<\/li>\n<li>Extensive list of Double Tax Treaties<\/li>\n<li>EU Directive on dividends, interest and royalties<\/li>\n<li>Cyprus Company tax on Dividends at 0%<\/li>\n<li>Notional interest Deduction to further reduce effective corporation tax rates<\/li>\n<li>Cyprus registered companies with 0% on disposal of shares and other securities<\/li>\n<li>Cyprus registered companies with 0% withholding taxes on payments of dividends, interest and royalties<\/li>\n<li>Unilateral credit for any taxes paid abroad on the same income<\/li>\n<li>Cyprus registered companies can deduct all business expenses such as payroll, travelling, entertainment, rent etc.<\/li>\n<li>No requirement to distribute dividends<\/li>\n<li>Earnings can be re-invested in Cyprus or abroad<\/li>\n<li>Cyprus registered companies can be ideal for shareholders that want to become tax resident in Cyprus by using the Cyprus Non-domiciled scheme and enjoy 0% taxes on worldwide dividend income<\/li>\n<li>The shareholder can have a bank card to pay business expenses all over the world<\/li>\n<li>The shareholder can have a personal bank account in Cyprus with debit card<\/li>\n<li>The shareholder can handle Cyprus company\u2019s bank account through internet banking<\/li>\n<\/ul>\n<hr \/>\n<h4>Other important for Cyprus registered companies<\/h4>\n<ul>\n<li>Cyprus registered company must have at least one director and a secretary and one shareholder<\/li>\n<li>Cyprus registered company is considered tax resident of Cyprus if its management and control is from Cyprus<\/li>\n<li>Cyprus tax resident director is recommended; however, any foreign individual can manage the company through appointment to the Cyprus company\u2019s board of directors<\/li>\n<li>Cyprus registered company is recommended to maintain a proper economic substance in Cyprus<\/li>\n<li>Every Cyprus registered company must maintain proper accounting records and prepare audited accounts every year<\/li>\n<li>Every Cyprus registered company should pay \u20ac350 annual levy to the Cyprus Company\u2019s Registrar<\/li>\n<\/ul>\n<hr \/>\n<h4>How can we help<\/h4>\n<p>We would like our clients to take well informed decisions thus before we proceed with the Cyprus company formation, we provide free advice on Cyprus tax regime and benefits, substance requirements and relevant costs to set-up and run the Cyprus company. Also, through our affiliates we can offer complete services that are needed by any Cyprus registered companies.<\/p>\n<p><strong>We can assist with:<\/strong><\/p>\n<ul>\n<li>Registration of your Cyprus Company with the Cyprus Registrar of Companies<\/li>\n<li>Undertake all arrangements to create required economic substance<\/li>\n<li>Tax advice on Cyprus Tax regime and international tax planning<\/li>\n<li>Offer high quality accounting, VAT, payroll, tax and audit services<\/li>\n<li>After formation the Cyprus company we can assist with the opening of a bank account in Cyprus and abroad<\/li>\n<li>After formation of the Cyprus company we can assist you with the running of the company to ensure that the Cyprus company is in full compliance with legal and other requirements.<\/li>\n<\/ul>\n\n<\/div>\n<\/div>\n<\/section>\n\n<section class=\"av_tab_section\"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div aria-controls=\"tab-id-5-content\" role=\"tab\" tabindex=\"0\" data-fake-id=\"#tab-id-5\" class=\"tab \"  itemprop=\"headline\" ><H4>CFO Outsourced<\/H4><\/div>\n<div id=\"tab-id-5-content\" class=\"tab_content \" aria-hidden=\"true\">\n<div class=\"tab_inner_content invers-color\"  itemprop=\"text\" >\n<p>Our team of professionally qualified accountants will undertake outsourced financial services.<br \/>\nFor companies that are not able to hire an internal Financial Advisor our team can cover your company\u2019s needs in a cost efficient way.<\/p>\n<ul>\n<li>Financial performance analysis and presentation<\/li>\n<li>Preparation of cash flows<\/li>\n<li>Preparation of budgets<\/li>\n<li>Calculation of cost of production per product<\/li>\n<li>Preparation of cash flows<\/li>\n<li>Preparation of management accounts<\/li>\n<li>Reviewing the operations of an enterprise and suggesting improvements<\/li>\n<li>Advice based on findings<\/li>\n<li>Human resources and recruitment services<\/li>\n<li>Advice on mergers and acquisitions<\/li>\n<li>Business valuations<\/li>\n<li>Feasibility and special project studies<\/li>\n<\/ul>\n\n<\/div>\n<\/div>\n<\/section>\n\n<\/div><\/div><div  class='av_promobox av-ksf0wqf4-ddf0290de3271de469e7ad03075a0153 avia-button-yes  avia-builder-el-4  el_after_av_one_full  avia-builder-el-last  '><div class='avia-promocontent'><p>\nFor more information contact us!<\/p>\n<\/div><div  class='avia-button-wrap avia-button-right ' ><a href='https:\/\/www.gdpanayiotides.com\/index.php\/pages\/contact\/'  class='avia-button av-ksf0wqf4-d4b8d4f26e464c28a0f616d4a93f6c42 avia-icon_select-no avia-size-large avia-position-right avia-color-theme-color ' ><span class='avia_iconbox_title' >Contact Us<\/span><\/a><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":1122,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"","meta":{"footnotes":""},"class_list":["post-1302","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Services - G D Panayiotides &amp; 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