Accounting

and Bookkeeping Services

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Our Accounting and Bookkeeping services are individually tailored to the specific needs of our clients. We provide a full range of Accounting services both to local and international companies. Our experienced and qualified professionals aim to provide all the financial reports required to our clients to better understand the performance of their business.

Our Accounting services include amongst others:

  • Bookkeeping , including daily reporting
  • Preparation of management accounts - monthly, or as needed
  • Invoice preparation and processing of payments
  • Liaising with local auditors and arranging for audited financial statement
  • Dormant companies - draft financial statements of ROC
  • Compiling and submission of VAT returns
  • Completing Intrastat forms
  • Liaison with local VAT authorities
  • Vies forms
  • Establishing bank accounts
  • Administration of fund transfers
  • Assisting clients in their dealing with local banks
  • Payroll and  Social Insurance
  • Escrow services
  • Other corporate and secretarial services
  • Other periodic expenses 

The annual audited financial statements shall be performed by an independent and licensed audit firm. We can provide to our clients with a number of licensed audit firms we usually work with or our clients can indicate us the licensed audit firm of their choice. 

Highly experienced and professionalPrivate & Confidential

FULL FLEDGED LEGAL SUPPORT

Soteris Pittas & Co LLC, a parent company, the law firm that specialises in wide areas of legal practice.

Its dynamic, experienced and highly responsive team of advocates and legal consultants offers advice on various legal aspects and provides clients with comprehensive legal advice and services in general commercial matters.

LEGAL ADVISE AND SERVICES

Including drafting of commercial contracts, mergers and acquisitions, corporate governance, strategic legal advice, registration and administration of Cyprus companies, establishment and administration of international trusts, incorporation of funds (open and closed), as well as collective investment schemes and legal due diligence..

LINKS & ASSOCIATIONS

The firm has close links and strong associations with reputable audit firms, private equity managers, and fiduciaries in Cyprus and the former CIS countries.

PARTNERS & ASSOCIATES

The firm’s partners and associates have more than twenty years of vital industry experience, and over the years have gained considerable exposure in both contentious and non-contentious aspects of Company Law, Corporate Commercial Law; Admiralty and Shipping Law; Insurance and Reinsurance; Mergers & Acquisitions; Commercial Litigation; International Arbitration; Dispute Resolution; Agency and Distributorship; Asset Protection; Commercial Law; International Taxation; Trusts & Estates.

CORPORATE SERVICES WORLDWIDE

Magnumserve has links and can assist in all corporate and related services in over 15 jurisdictions like UK, Ukraine, Bermuda, Gibraltar, Belize, UAE, Swisstzerland, , Hong Kong, Singapore, Seychelles, Panama, Mauritius, BVI, Marshall Islands, USA, Luxembourg, Liechtenstein etc,.

LOCAL KNOW-HOW

Specialised services, local know-how and continuous support are offered from professionals who possess deep knowledge of the local corporate environment and relevant legislations.

MAIN SERVICES

The main services offered worldwide are company formation worldwide, redomiciliation of companies, representation, management and administration, bank account opening.

NOMINEE SERVICES

We provide nominee shareholder(s) both individual and corporate in order to secure required confidentiality; and nominee director(s) both individual and corporate, Cyprus residents in order to take advantage of the Cyprus network of double tax treaties

REGISTERED OFFICE

We provide more than a dozen addresses for the purposes of the registered office of a company, as well as highly professional secretarial services.

ACCOUNTING AND BOOKKEEPING

Our accounting and bookkeeping services are individually tailored to the specific needs of our clients. We provide a full range of Accounting services both to local and international companies.

INTERNATIONAL FINANCIAL CENTRE

Cyprus is situated at the crossroads of Europe, Africa and Asia. The excellent infrastructure, the strategic geographic location, the highlyskilled human capital, the strong pro-business attitude and the com - prehensive treaty network with all the major countries of the world, have established Cyprus as an ideal reputable International Financial Centre.

EU MEMBER STATE

The accession of Cyprus to the EU resulted in the reformation of its tax system and its legislation in order to become EU and OECD compatible. Cyprus is not anymore a tax heaven but rather a tax incentive country. Cyprus’ corporate tax rate is the lowest in the EU, the tax regime secures many exceptions and the island’s more than 50 double taxation treaties remain in force and continue to provide ample opportunities for international tax planning whilst also minimizing legally overall taxes for business and individuals.

RECENT TAX REFORM

The recent tax reform has made Cyprus one of the most progressive international businesses, financial and commercial centres in Europe. European enlargement and the accession of Cyprus open up a new gate to investors. Cyprus is now firmly established as the ideal gateway for EU inbound and outbound investment. This supplements the traditional relationship which Cyprus had with Central and Eastern European countries as well as with Russia, Ukraine, China and India. The opportunities that will open up in the new environment will strengthen further the reputation of Cyprus as an ideal International Financial Centre.

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A commitment to Excellence leaded by real expertise

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Magnumserve Group of Companies was founded on the principles of providing a new platform for the international financial industry by offering a full spectrum of consulting and administrative services.

A Chrysanthou Mylona 10, 3030 - Limassol, Cyprus E info@magnumserve.comT +357 25028460

PRIVACY POLICY

Our privacy policy explains how we respect the privacy of our website users. It defines what information we gather, how we use it and how we keep it secure. Soteris Pittas & Co LLC is committed to ensuring that your privacy is protected.

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+357 25028460 Chrysanthou Mylona 10, 3030 - Limassol, Cyprus