We are a firm of Certified Public Accountants established in 1985. Over the years we have experienced substantial growth and today have a large number of both local and international clients. Our clients are both listed companies in the Cyprus Stock Exchange as well as private companies, which have been able to benefit from the favorable tax regime in Cyprus and maximise their worldwide profits.
The founder and Managing Partner of the Firm is Mr. Michael Papadakis who qualified as a Chartered Accountant in London almost 30 years ago. He has since then acquired substantial experience in the field of auditing and international tax planning, working with clients from all over the world.
We perform our work based on International Financial Reporting Standards, International Standards on Auditing and in accordance with Cyprus Laws and Regulations.
Our internal controls and procedures ensure high quality of services and the protection of our clients’ assets and records.
Our confidentiality policy is that no client information is revealed to third parties under any circumstances, unless expressly authorised by the client.
SERVICES
Audit
Audit & Financial Reporting
Our work as professional auditors includes the examination of financial statements regarding their truth and fairness. We then prepare our reports based on our findings.
In our effort to offer our clients a value added service we try to provide them, not just with an annual audit exercise as required by law but also with advice on systems and procedures that can be improved within the company.
International Financial Reporting Standards
In Cyprus, IFRS’s have been a practice for many years now. Initially, IFRS’s were required by the Institute of Certified Public Accountants but now they are also required by local legislation.
Our office has all the required expertise to prepare Financial Statements according to International Financial Reporting Standards.
Tax
Corporate Tax
This is usually a major cost for businesses and individuals.
Our experienced staff will help you minimize that cost by proposing the best possible strategy based on your company’s requirements and the favorable Cyprus tax regime.
Our aim through our knowledge and years of experience is to minimise our clients’ tax liability and make the best of any tax saving opportunities that may arise.
VAT
We offer our clients start to finish VAT services providing
- VAT registration
- Preparing VAT returns and reclaims where needed
- Advice on VAT saving opportunities
Advisory services
We provide our clients with confidential and on the spot advice on any issues their company may be facing.
In addition to this we are always available to perform the following on behalf of our clients:
- Feasibility studies
- Company Valuations
- Due diligence engagements
- Computer services by offering assistance in installing and implementing computerised accounting systems.
TRAINING
Training can be developed and conducted in Cyprus or internationally according to clients’ preferences.
This is provided in the fields of:
- Accounting
- Auditing
- Finance
Profiles of M. Papadakis presenters can be found below: