English-Speaking Accountants in Limassol
Sara StarovlahSara started her accountancy career with Deloitte and continued with the firm post qualification to take responsibility for dealing with both local and international clients in sectors including shipping, trading and retailing, manufacturing, financing and investment companies. Sara now advises individuals and companies on matters of incorporation, taxation as well as mergers and acquisitions. She is a member of the Institute of Chartered Certified Accountants (ACCA) and the Institute of Certified Public Accountants of Cyprus (ICPAC).
Our services
Accounting Services
Audit
Who is this Service for?
Audits are typically mandatory for companies of a certain number of employees or an income greater than a specified amount. However audits are sometimes required by smaller companies – for example, when a partner with a minimum stake in the company demands an audit or, perhaps more frequently, when a company is being purchased, as part of the due diligence process
What does this service consist of?
- Review of all financial documents (bank accounts, financial statements, credit and loan documents etc.) to ascertain health of the company
- Visit to the company to review installation, company assets, inventories
- Review of all employee benefits
- Competitive Assessment
- Final Report and Recommendations
Code of Reasonable Fees
Our clients can expect to receive a quotation that is at or below the recommended guideline prices by our local Professional Body.
Free Support Services Included
When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:
- Verification of the regulatory status of your lawyer.
- Fees as recommended by the Local Professional Body
- Fees specified in advance and legally guaranteed.
- Service levels agreed in advance and guaranteed.
- All professionals must hold professional indemnity insurance.
- Professionals' proficiency in English monitored.
- Continuous quality controls and reviews.
Due Diligence
Who is this Service for?
If you are considering investing in a business overseas then you will need expert assistance to obtain an analysis of the fundamental financial position of the company.What does this service consist of?
- Evaluation of the entire set of financial statements
- Provision of a comprehensive and consistent set of results
- Provision of a clear and comprehensive report which can seamlessly support the investment evaluation process
- Identification of cost-saving opportunities
Code of Reasonable Fees
Our clients can expect to receive a quotation that is at or below the recommended guideline prices by our local Professional Body.
Free Support Services Included
When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:
- Verification of the regulatory status of your lawyer.
- Fees as recommended by the Local Professional Body
- Fees specified in advance and legally guaranteed.
- Service levels agreed in advance and guaranteed.
- All professionals must hold professional indemnity insurance.
- Professionals' proficiency in English monitored.
- Continuous quality controls and reviews.
Fiscal Advice
Who is this Service for?
Prudent individuals who move abroad and/or plan to acquire assets theresuch as holiday homes, cars, boats, businesses etc. will typically consider the fiscal impact of acquiring such assets on their overall taxation levels, compliance matters and future issues such as inheritance issues. This can be a complex area and requires an advisor of many years of experience to assist.
What does this service consist of?
- Initial discussion to determine your particular circumstances, concerns, requirements
- Preparation of a report on your options and the most tax efficient course of action
- Follow-up meeting (at our offices, by phone or email) to discuss any questions arising from the report
Code of Reasonable Fees
Our clients can expect to receive a quotation that is at or below the recommended guideline prices by our local Professional Body.
Free Support Services Included
When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:
- Verification of the regulatory status of your lawyer.
- Fees as recommended by the Local Professional Body
- Fees specified in advance and legally guaranteed.
- Service levels agreed in advance and guaranteed.
- All professionals must hold professional indemnity insurance.
- Professionals' proficiency in English monitored.
- Continuous quality controls and reviews.
Payroll Services
Tax-Payroll-HR Service in Cyprus
The Advocate Abroad Tax-Payroll-HR service in Cyprus offers English-speaking business and tax experts to assist you with your ongoing (or start-up) business operations in Cyprus - whether processing new employee contracts, handling Social Security obligations payment as well as advising on the most appropriate corporate structure that will allow you to minimise tax exposure, not to mention assist you with setting-up and managing your company payroll.
Office Locations Across Cyprus
With several office locations located throughout Cyprus we are able to offer a truly nationwide service to English-speakers wherever they wish to set-up their business in Cyprus.
Regulated Experts
Our consultants are registered and regulated by the local Law Society and speak fluent English. Therefore, you can be sure that you will obtain timely answers to any queries you may have, in a language that you understand!
Fully Managed HR & Payroll Service
This service includes the following components:
- Initial Set-up according to client's requirements
- Production of Employee Payslips (printed at client site)
- Management & Payment of Employer & Employee Social Security Contributions
- Registration and Removal of Employees from Social Security system
This service costs €25 per month for the first employee and €20 per additional employee.
All prices are ex-VAT (@ 19%).
Code of Reasonable Fees
Our clients can expect to receive a quotation that is at or below the recommended guideline prices by our local Professional Body.
Free Support Services Included
When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:
- Verification of the regulatory status of your lawyer.
- Fees as recommended by the Local Professional Body
- Fees specified in advance and legally guaranteed.
- Service levels agreed in advance and guaranteed.
- All professionals must hold professional indemnity insurance.
- Professionals' proficiency in English monitored.
- Continuous quality controls and reviews.
Personal Tax Consultation
Who is this Service for?
Moving countries entails a lot of logistical planning. One aspect that does arise frequently is the taxation impact of making such an important move. Frequently, individuals notice that personal taxation rates can generally be higher in the Mediterranean countries. However, with proper advice their impact can be mitigated as much as possible
What does this service consist of?
- Initial discussion to determine your particular situation
- Preparation of a report on your tax liabilities and benefits
- Summary discussion – by phone, email - to handle follow-up questions on report
Code of Reasonable Fees
Our clients can expect to receive a quotation that is at or below the recommended guideline prices by our local Professional Body.
Free Support Services Included
When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:
- Verification of the regulatory status of your lawyer.
- Fees as recommended by the Local Professional Body
- Fees specified in advance and legally guaranteed.
- Service levels agreed in advance and guaranteed.
- All professionals must hold professional indemnity insurance.
- Professionals' proficiency in English monitored.
- Continuous quality controls and reviews.
Tax & Accounting Services
Who is this Service for?
Anyone undertaking a business activity will require a local tax and accounting service. While you will benefit from not having to worry about whether or not you are compliant with the legal requirements such as VAT returns, Corporation Tax, Income Tax etc. you can also relax in the knowledge that any communications received from the Tax Authority – often impenetrable to locals never mind foreigners – will be managed conveniently and efficiently by your accountant.
What does this service consist of?
- Financial accounting and reporting.
- Accounting for special purposes, preparation of annual accounts.
- Manage communications with the Tax Authorities.
- Complete management of the company’s accounts.
- Administrative support for accounts/ accounting records: Preparation of accounting.
Documents – cash documents, travel orders, inventory control, property records, issuing invoices, internal documents, approval process of documents, printing & copying, sorting and filing of accounting documents). - VAT returns, Corporation Tax, Income Tax, Non-resident tax, any other tax obligation with any national tax authority: National/Regionals/Local.
- Business address (whether it will be only for correspondence or you will really make your business there).
- Recommendations regarding the most appropriate fiscal arrangements to ensure taxation levels are optimised
- Resolution of tax enquiries related to your activity.
- Completion and presentation of all required tax returns.
- Company annual return (abbreviated accounts: balance sheet, profit and loss statement, annual report)
- Ongoing updates on any legislative changes affecting the area of the Company Activities
Code of Reasonable Fees
Our clients can expect to receive a quotation that is at or below the recommended guideline prices by our local Professional Body.
Free Support Services Included
When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:
- Verification of the regulatory status of your lawyer.
- Fees as recommended by the Local Professional Body
- Fees specified in advance and legally guaranteed.
- Service levels agreed in advance and guaranteed.
- All professionals must hold professional indemnity insurance.
- Professionals' proficiency in English monitored.
- Continuous quality controls and reviews.
Tax Planning
Who is this Service for?
Prudent individuals who have assets abroad such as holiday homes, cars, boats, businesses etc. should consider what will be the future taxation impact of transferring ownership of those assets to loved ones and other beneficiaries. This can be a complex area when considering taxes which are applied inter vivos – as gifts, and those donated via causa mortis, via a Will.
What does this service consist of?
- Initial discussion to determine your particular situation
- Preparation of a report on your options and the most tax efficient course of action
- Follow-up meeting (at our offices, by phone or email) to discuss any questions arising from the report
Code of Reasonable Fees
Our clients can expect to receive a quotation that is at or below the recommended guideline prices by our local Professional Body.
Free Support Services Included
When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:
- Verification of the regulatory status of your lawyer.
- Fees as recommended by the Local Professional Body
- Fees specified in advance and legally guaranteed.
- Service levels agreed in advance and guaranteed.
- All professionals must hold professional indemnity insurance.
- Professionals' proficiency in English monitored.
- Continuous quality controls and reviews.
VAT
Who is this Service for?
Understanding local VAT rules and what actions need to be taken to ensure compliance are critical for businesses involved in providing services and products to other businesses and consumers resident in foreign countries. National tax enforcement authorities tend to be zealous in relation to VAT compliance and infractions can prove extremely costly and disruptive.
What does this service consist of?
- Initial discussion to determine your particular situation
- If you have received notification of an infringement, the tax lawyer will consider your legal options and best outcomes. Upon agreement, the lawyer will then represent you before national tribunals
- If you need to understand how the local VAT rules and regulations would impact you and a proposed business plan, a report will be compiled. A follow-up meeting is generally arranged to deal with questions that arise as a result of the content of the report.
- Verification of the regulatory status of your lawyer.
- Fees as recommended by the Local Professional Body
- Fees specified in advance and legally guaranteed.
- Service levels agreed in advance and guaranteed.
- All professionals must hold professional indemnity insurance.
- Professionals' proficiency in English monitored.
- Continuous quality controls and reviews.
Code of Reasonable Fees
Our clients can expect to receive a quotation that is at or below the recommended guideline prices by our local Professional Body.
Free Support Services Included
When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:
Self-employed Set-Up Service
Who is this service for?
This is the most inexpensive way to set up a business. You will be self-employed and work within a simple structure implying little bureaucracy in which, basically, you are paid with the profits of your company. You will not be considered as an employee, and will have less social benefits than you would as a regular employee. You will be liable for any and all losses incurred by the business.
What services will you receive?
- Obtain residence permits or work permits.
- Provide information about healthcare.
- Registration with the Tax Authority and the Social Security System.
- Help you to choose the right business name.
- Choose your business activity. We can provide you with a list of recommended activities (list of trade licenses that are approved by administrative bodies).
- Business address (whether it will be only for correspondence or you will really make your business there).
Recommendations regarding the most appropriate fiscal arrangements to ensure taxation levels are optimised - Resolution of tax enquiries related to your professional activity.
- Completion and presentation of all required tax returns.
- Maintenance of all legally required records (income, expenses, invoicing, assets).
Code of Reasonable Fees
Our clients can expect to receive a quotation that is at or below the recommended guideline prices by our local Professional Body.
Free Support Services Included
When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:
- Verification of the regulatory status of your lawyer.
- Fees as recommended by the Local Professional Body
- Fees specified in advance and legally guaranteed.
- Service levels agreed in advance and guaranteed.
- All professionals must hold professional indemnity insurance.
- Professionals' proficiency in English monitored.
- Continuous quality controls and reviews.
