Oneteam Advisors

Oneteam Advisors Limited is a Firm of Corporate Service Providers and offers a wide range of Corporate and Business services for international clients.

The Firm is licensed by the Institute of Certified Public Accountants of Cyprus (ICPAC).

Corporate Services

Cyprus Company

Looking to establish your company in Cyprus with a process that’s clear, compliant, and tailored to your needs? Our team provides legal and corporate advisory services to ensure every stage, from name clearance to governance structure, is guided with precision.

Fiduciary Services

Our corporate services department will offer you our professional fiduciary services.

Cyprus International Trust Services

Our corporate services professionals will assist you to set up your International Trust in accordance with Cyprus international Trust Law and provide assistance concerning the management of trust companies and offer trustee services and trust tax planning.

Administration Services

Our corporate services professional team will ensure that your Cyprus Company is fully compliant in accordance with the applicable laws and obligations. Our corporate team can undertake the administration of your Cyprus Company and offer you the following services:

Obtain corporate certificates and Memorandum and Articles of Association from the Registrar of Companies
Certification and apostille of company certificates/incorporation and other documents
Preparation of the required forms and documents for the Registrar of Companies to:
change of Directors/Secretary/Registered Offce/change of company name
Preparation of the required forms and Resolutions to change the company Articles of Association
Preparation of the required forms and documents for the transfer of shares including Instrument of Transfer of Shares
Share pledges and other company charges
Changes of the Authorised and issued capital including allotments with premium
Preparation of Minutes of Board of Directors and Shareholders meetings including Annual General Meeting
Preparation and filing of Annual Returns and Financial Statements to the Registrar of Companies
Issue/Prepare specific Powers of Attorney
Advising clients on any other corporate issues such as share and other security acquisitions;
Maintenance of statutory records and registers and common seal of the Cyprus Company
Reviewing and signing of contracts/agreements and other documents
Translation of documents
Handling of correspondence with Tax office/VAT office and other local Authorities
Arranging for legal opinions or other legal work where necessary

Voluntary Liquidation Services

A Cyprus Company can be closed down either by way of strike off by the Registrar of Companies or by a members’ voluntary liquidation. The main difference between strike off and liquidation is that if the Company is struck-off it may be restored following a relevant application to the court through a Cyprus Lawyer within 20 years from the moment of strike off, whilst this cannot be done if the Company is liquidated. The procedure to be followed for striking off the company is also much simpler and straightforward than the one to be followed for liquidation.

Business Services

Accounting Outsourcing

Our Business Services and outsourcing team provides a wide range of services helping our clients to meet compliance requirements in a cost effective manner. Delegating complex work to our expert team ensures you are compliant and you can concentrate on the main business matters.

Whether you are seeking assistance with basic accounting and bookkeeping or looking to outsource the entire accounting function, our trained staff will ensure that proper accounting records are maintained and up-to-date reporting is available to your organization. Our services include the following:

Posting of transactions
Preparation of trial balance
Maintenance of computerized accounting records
Bank reconciliations
Debtors and creditors reconciliations
Preparation and submission of quarterly vat return
Preparation of monthly payroll and paying tax and social insurance contributions
Preparation and submission of employee tax returns
Management accounts

Payroll Outsourcing

Our experienced payroll team provides cost effective and comprehensive payroll management services in complete confidentiality, leaving you free to concentrate on other important matters of your company. Our comprehensive payroll management service includes:

Processing of monthly payrolls
Calculation of all aspects of PAYE Tax and Social Insurance contributions
Payment of monthly Tax and Social Insurance contributions
Preparation of pay slips
Electronic payment of salaries to the employee’s bank account
Preparation and submission of tax forms
Relocation and immigration services

Value Added Tax Outsourcing

Our VAT tax professionals can assist you with your VAT compliance obligations and provide you with VAT solutions and optimize VAT recovery.

The current threshold in Cyprus for registering for VAT for a trading business is €15,600.

Our comprehensive VAT outsourcing services include:

Registering with the VAT authorities in Cyprus and obtaining an EU VAT Number
Preparation and filing of VAT, INTRASTAT and VIES returns
Payment of VAT and making VAT refund applications
Dealing with VAT department queries and inspections
VAT treatment of specific transactions
VAT advisory services when providing services or goods within the EU

Personal Tax Compliance

All individuals who are earning income within the Cyprus Republic and exceed the tax free threshold of Euro 19,500 are obliged to submit personal tax forms.

Employees are required to do so for every tax year on the 30th of April of the following year and self-employed individuals at the 30th of June.

Our personal tax compliance services include:

Preparation and filling of personal income tax returns (IR1)
Preparation and filling Employer tax return (IR7)
Preparation and filling Defence Returns (Rents, Interest)
Assistance with all personal compliance matters with the Cyprus Tax Authorities
Application and acquiring the Tax Residence Certificate
Application for a tax clearance and examination of tax liabilities or tax refunds
Preparation and submission of Temporary Tax Returns
Assistance with the preparation and filling of PAYE computations
Checking, reviewing and/or objecting to assessments issued by the Cyprus Tax Authorities
Assistance with the preparation and filling a Capital Statements
Assistance with Property Tax and Capital Gains Tax

Corporate Banking Services

Our experienced banking department provides a full range of banking services for Cyprus Companies including advice and support for bank account opening and maintenance, issuing of debit cards, and undertaking the execution of your daily bank transactions.

Our banking services include the following:

liaise with the banking institution of your choice in Cyprus for the opening and administration of the bank account of your Company
completion and submission of bank forms
provide to the bank certified company documents, passport copies, utility bills and CVs of the company officers
arranging for a video call of the beneficial owner with the bank officers to explain the business of the company and answer any questions
arrange for the company to lease a physical office and a telephone line as a proof of physical presence in Cyprus
appointment of a trusted local director as a bank signatory always acting upon the instructions of the UBO
creation of online bank payment instructions to be approved by the Directors of the Company for execution.
liaise with bank officers on Know-Your-Client procedures and AML matters and provide them with everything they will need to update the bank KYC company file
assist and arrange for meetings with bank officers if necessary

Corporate Tax Compliance

All tax resident companies in Cyprus are required to file an Income Tax Return for every tax year by the 31 December of the following year.

Compliance and handling your taxes on a timely basis is important to avoid tax implications and significant tax penalties. Our corporate tax compliance services include:

Preparation and filling Company tax return (IR4)
Preparation and filling Employer tax return (IR7)
Preparation and filling Defence Returns (Rents, Interest, Dividends)
Preparation and flling of declarations of Dividends and Dividend Distribution
Assistance with all corporate compliance matters with the Cyprus Tax Authorities
Application and acquiring the Tax Residence Certificate
Application for a tax clearance and examination of tax liabilities or tax refunds
Preparation and submission of Temporary Tax Returns
Assistance with the preparation and filling of PAYE computations

Legal Services

We work closely with our associated law firms, offering a wide range of specialized legal services in the following areas:

Legal Advice for all aspects of Cyprus Law and issue of Legal Opinions
Legal Due Diligence of transactions
Legal Drafting and review of documents
Drafting of Memorandum & Article of Association of Cyprus companies to meet shareholder requirements
Cross border mergers and acquisitions
Voluntarily liquidations
Capital reductions
Purchase and sale contracts
Reinstatement of the Companies
Reduction of share capital
Registration of Trade Marks (National, European and International applications) and procedures regarding the protection of copyrights