OUR SERVICES
Prosperity & Partnership through Cooperative Opportunities
At GMAP our team of specialists offer a wide variety of services to help you and your business succeed. Below you will find a list of the many services we have to offer, however you can contact our team to see what tailored solutions we can provide for you. You can find more information in “Start-Up Zone”, “Non-Domicile Tax” and “Foreign investment” sections of this website. Contact our team today to find out more about our services and how we can help you and your business achieve your financial goals. We look forward to working with you.
Below you can find out more about some of the services we offer within the main areas of our practice including:
Tax & Legal Service
Corporate Service
Audit & Assurance
Investment Funds, Investment Firms & Forex companies
Business Advisory
Immigration & Companies of Foreign Interest
Tax & Legal Service
Business Tax:
Compliance service
Financial and tax accounting - income taxes
Tax controversy services
Tax advisory services
Tax due diligence
Post merger integration consulting
Private company services:
Income tax planning for private companies and their owners
Owners of private companies and family wealth planning
Tax and estate planning
Family office services
Legal Services:
Formation and Administration of Companies and Trusts
Acquisition and Divestiture
Legal Due Diligence with regard to Acquisition and Divestiture
Statutory Compliance
Tax Accounting & Reporting:
Preparation and Submission of Corporate Tax returns
Personal Tax planning
Preparation and Submission of Personal income Tax returns
Employee Tax returns
Provisional Tax assessments
Issuance of Corporate Tax Clearance Certificate
Indirect Taxes:
VAT Accounting & reporting
VAT Compliance & management consulting
Corporate Service
Formation and Administration of Companies and Trusts:
Formation of Companies, Partnerships and Trusts in Cyprus and other jurisdictions, tailored to the needs of the client.
Preparation and legalisation of official documents.
Preparation of the Minutes of Directors and Shareholder’s meetings.
Maintenance of statutory Company records.
Undertaking Company searches at the office of the Registrar of Companies.
Completion and submission of Company returns and other forms and notifications to the Registrar of Companies (Annual Returns, changes in Share Capital, Directors or Shareholders etc.)
Accounting and Payroll Services:
Maintenance of computerised accounting records.
Calculation and disbursement of monthly payroll and payment of related taxes and other deductions and contributions to both the Inland Revenue and the Department of Social Security.
Preparation and submission of quarterly VAT returns.
Liaising with the Inland Revenue, the Department of Social Security and the VAT Authorities.
Development and preparation of monthly, quarterly and yearly management accounts and other management reports.
Preparation of budgets and reports to monitor actual performance relative to budget.
Preparation of interim financial statements within International Financial Reporting Standards (IFRS).
Preparation of annual statutory financial statements within International Financial Reporting Standards (IFRS).
Contracts, Administration and Other:
Assistance in meeting bank officers, advocates and other professionals and provision of board room facilities for such meetings.
Preparation of documentation for opening and operating bank accounts with any of the local or international banks operating in Cyprus and abroad.
Preparation of documentation for operating bank accounts through Internet Banking facilities.
Monitoring and reporting bank account movements.
Arranging the issuance of documentary letters of credit, bank guarantees and bills of exchange.
Assistance in the application of obtaining work and residence permits in Cyprus.
Drafting of contracts of employment.
Arranging the payment of monthly social insurance contributions and tax deducted from employees’ salaries.
Preparation of sales invoices, arranging their dispatch and monitoring debtor collections.
Providing secretarial support.
Preparation of documentation for payment of dividends.
Dealing with the Central Bank and other local authority issues.
Assistance in the application of opening an office in Cyprus.
Acting as receivers, liquidators and undertaking the winding up of a company.
Acting as Escrow Agents.
Tax & Compliance:
Preparation and submission of Corporate Tax returns
Preparation and submission of Individual Income Tax returns
Employee Tax Returns
Provisional Tax Assessments
Issuance of Tax Clearance
Compliance systems planning and Audit
Audit & Assurance
Financial Audit:
Statutory audit of financial statements
Non-statutory audit and other attest opinions.
Audit of International Financial Reporting Standards (IFRS) financial statements.
Control System Assurance:
Control System Assurance is designed to:
Identify and assess enterprise technology structures, internal control systems and policies.
Analyse and report if risk management procedures and business processes are being practised as designed.
Implement checks for business processes, IT applications and their underlying systems.
With the additional scope to:
Perform risk analysis to identify key risk areas.
Identify the key business activities and related control activities designed to address the risks identified.
Test the design and the operational effectiveness of the controls (to ensure the integrity, protection and availability of information).
Conduct risk analysis of the control environment to enhance its design.
Financial Due Diligence with regard to Acquisitions and Divestitures:
GMAP professionals provide acquisitions and divestitures Due Diligence reviews within Mergers & Acquisitions transactions.
For our purchasing clients, we ensure that they fully understand what they are actually buying, what the relative associated risks are, and that they are paying a fair commercial consideration.
Our sales clients receive a high level of professional representation, correctly addressing the key issues to potential buyers in order to achieve the best possible commercial sale.
GMAP professionals can support our clients within the negotiating process or can perform negotiations on their behalf.
Within such Due Diligence procedures, we involve both financial professionals as well as tax and legal experts to correctly address tax-related and legal risks.
Forensic & Disputes:
Our Forensic & Dispute professionals can assist businesses in addressing the threat of fraud or commercial disputes to achieve set objectives.
Our professionals are able to perform financial Due Diligence reviews and valuations regarding disputed matters, are able to investigate complex accounting issues involving irregularities, errors and corporate fraud.
Investment Funds, Investment Firms & Forex companies
Investment company services:
Formation of Registered Alternative Investment Funds (RAIF)
Formation of Alternative Investment Funds (AIF)
Formation of Cypriot Investment Firm (CIF)
Administration reporting of CySec (Cyprus Securities and Exchange Commission) registered companies and funds
Operation and investment advisors to RAIF
Financial Audits of AIFs, RAIFs, and CIFs
Business Advisory
Start-Up Advisory:
Business Planning & advice
Financing, Loans & Venture Capital preparations
Regulatory licensing application and planning
Company formation
Bank account opening
Corporate tax planning
Individual tax planning
Intellectual property & Tax exemption planning
Trademark registration
Patent registration
Employee planning, contract reviews and payroll
Growth & financial insights
Management Accounts
Real Estate transactions:
Providing clients with pre-approved Real Estate projects for investment.
Sourcing investment opportunities tailored to client requirements.
Performing and providing Due Diligence for projects to minimise risks and therefore offer total peace of mind.
Immigration & Companies of Foreign Interest
Immigration services
Business & visitor Visa applications
Individual & family Visas and Residence Permits
Work Permits
Foreign worker employment contracts
Formation & registration of companies of Foreign Interest
Residence permits to passports (Naturalization)
Passport applications & Cyprus Investment Scheme
Prosperity & Partnership through Cooperative Opportunities
Contact our team today to find out more about our services and how we can help you and your business achieve your financial goals. We look forward to working with you.
