Bookkeeping

ServiceFee (€)
  1. Company House Levy.

Annual Fee payable by 30th June the year after incorporation.

€350
Dormant company: bookkeeping & audit fees:
  1. Book Keeping Fees.

Fee conditional on whether the company has Bank Accounts, Bank Charges, Bank Transactions / Charges, number of shareholders, subsidiaries (Holding) etc.

€250 – €500
  1. Audit
€300 + VAT
Active Company: bookkeeping & audit Fees:
  1. Book Keeping Set Up Fee.
€250 + VAT
  1. Book Keeping Fees.
Determined by: number of transactions, amount of sales turnover and time spent
  1. Audit.
From €1,500
VAT & VIES:
  1. VAT Registration.
€150
  1. VAT Declarations – dormant company.
€200 per annum
  1. VAT Declarations – active company.
€480
  1. VIES Registration.
€150
  1. VIES Declarations.
Complimentary
  1. VAT Deregistration.
€150
Additional services:
  1. Preparation and Submission of Personal Income Tax Form.
€50
  1. Preparation and Submission of IR 7 form for companies.
€50
  1. Preparation of monthly Payroll for companies.
Determined by: number of employees of company – €50 per employee on a monthly basis

Documents needed from clients for bookkeeping:

Part A

Applicable for all jurisdictions for newly incorporated companies:

  1. Detailed description of the company’s activities.
  2. Bank statements for the financial year for all accounts that are under the company’s name.
  3. Sales Invoices issued from the company during the financial year.
  4. Purchases invoices received from the suppliers of the company during the financial year.
  5. Any expense receipts issued under the company’s name.
  6. Any agreements and contracts signed by the company during the financial year.

Part B

Documents needed from companies that were transferred from another agent:

Cyprus jurisdiction:

  1. All the above documents mentioned in Part A.
  2. A set of the financial statements from the previous financial year that were submitted to Cyprus Company House.
  3. A copy of the submitted and stamped IR4.
  4. A copy of the submitted HE 32.

Take the next step, we are here to help.

Register a Cyprus company.
Open a Cyprus bank account.

  Resources:

Panama Law 52: Updated legislation for all legal entities

Panama Law 52: Updated legislation for all legal entities

Last month the Government in Panama officially approved Law Number 52; legislation which creates the regulatory framework for the implementation regarding automatically exchanging tax information, in a further attempt to comply with global regulations for tax transparency, and to be fully in line with all supervisory and compliance matters.

Important 2016 reporting deadlines for BVI Financial Institutions

Important 2016 reporting deadlines for BVI Financial Institutions

Officials from the British Virgin Islands have come together to clarify various filing deadlines as per the automatic exchange of information systems in a press release.

Thinking of relocating your business to Singapore? Let us help you!

Thinking of relocating your business to Singapore? Let us help you!

Singapore has quickly become one of the world's most prosperous countries with strong international trading links and per capita GDP equal to that of the leading nations in Western Europe, making it an ideal destination and potential location for Business Owners to relocate and start a new business and lifestyle.

How to register a branch in Cyprus

How to register a branch in Cyprus

Overseas companies may register a branch in Cyprus, according to the Companies Law, Chapter 113, regulated by section 347. A branch will not essentially consider as being a new legal entity in Cyprus.

To Brexit or not to Brexit?

To Brexit or not to Brexit?

To Brexit or not to Brexit - this has been the question of the year for Britain and with the referendum taking place imminently, just two options remain: leave the EU or stay in. Why has this been such a difficult decision to decide upon?

Selecting a Management Information System

Selecting a Management Information System

A management information system or MIS is used to assist in the analyses and formulation of business strategy, as well as facilitating operational objectives. Selection of an MIS can help increase understanding and control in an organisation and can be scaled to suit the complexity of most modern businesses. If the right MIS is selected and it is implemented correctly it can provide a competitive advantage for the organisations utilising it.

Windows 10 update: having issues with the installation?

Windows 10 update: having issues with the installation?

By now you have probably about Windows 10, the latest operating system developed by Microsoft.

Accounting support for a Cyprus company located in Russia

Accounting support for a Cyprus company located in Russia

When expanding your business overseas, not only do you have to comply with International Financial Reporting Standards (IFRS) and accounting standards, thought must also be given to the specific jurisdictions own rules and regulations.