All
legal entities in Cyprus are required to prepare annual financial statements and
have them audited by independent accountants in compliance with specific legislation
or in order to satisfy the requirements of the Central Bank of Cyprus or the tax
authorities. The department's competent, internationally qualified and
trained audit staff can handle assignments of various types including statutory
audits, due diligence audits, and operational and internal control audits. The
department also handles all taxation matters varying from personal and corporate
taxation to international tax planning.
Cyprus maintains an impressive
network of double tax treaties which combined with the low tax paid by offshore
entities offer tremendous possibilities for international tax planning.
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