Financial Services

Comprehensive Financial Services in Cyprus

Cyprus is a highly attractive jurisdiction for both corporate and private clients, thanks to its strategic location, favourable tax regime, and well-regulated financial environment. Our firm, in association with our in-house experienced accountants and partner auditing firms, offers an extensive range of financial services, designed to cater to the diverse needs of our clients, including accounting, auditing, tax planning, financial advisory, and wealth management.

I. Accounting Services

Bookkeeping

Our firm provides accurate and efficient bookkeeping services, ensuring that our clients’ financial records are up-to-date and organised. We handle all aspects of bookkeeping, including accounts payable and receivable, bank reconciliations, general ledger maintenance, and payroll management.

Financial Statement Preparation

We assist clients in the preparation of financial statements, including profit and loss statements, balance sheets, and cash flow statements. Our team ensures that financial statements are prepared in accordance with local regulations and International Financial Reporting Standards (IFRS).

Management Accounting

Our firm offers management accounting services to help clients monitor and improve their business performance. We prepare budget analysis, cost analysis, and financial forecasts to provide insights into the financial health of a business, enabling clients to make informed decisions.

II. Auditing Services

Statutory Audits

Our experienced auditors conduct statutory audits in compliance with local regulations and International Standards on Auditing (ISA). We ensure that clients’ financial statements are a fair and accurate representation of their financial position and performance, providing stakeholders with confidence in the company’s financial reporting.

Internal Audits

We perform internal audits to assess the effectiveness of a company’s internal control systems and identify potential areas for improvement. Our internal audits are designed to help clients mitigate risks, enhance operational efficiency, and ensure compliance with applicable laws and regulations.

Special Purpose Audits

Our firm conducts special purpose audits tailored to clients’ specific needs, such as grant audits, due diligence audits, and fraud investigations. We provide thorough, objective assessments to help clients address complex financial issues and make informed decisions.

III. Tax Planning

Corporate Tax Planning

Our team of tax experts provides corporate tax planning services to help clients minimise tax liabilities and ensure compliance with local and international tax laws. We devise tax-efficient structures and strategies tailored to clients’ specific business needs.

Personal Tax Planning

We offer personal tax planning services for individuals, helping clients optimise their tax positions and comply with local tax regulations. Our team advises on various tax matters, such as income tax, capital gains tax, and inheritance tax, ensuring clients benefit from available tax reliefs and exemptions.

IV. Financial Advisory Services

Mergers and Acquisitions

Our financial advisory team supports clients in mergers and acquisitions, providing end-to-end assistance from due diligence and valuation to negotiation and deal completion. We work closely with clients to identify potential risks and opportunities, ensuring a smooth transaction process.

Business Valuations

We conduct business valuations for various purposes, such as mergers and acquisitions, buy-sell agreements, and shareholder disputes. Our team uses a range of valuation methods to determine the fair market value of a business, providing clients with an accurate and objective assessment.

Financial Restructuring

Our firm assists clients in financial restructuring to improve their financial stability and performance. We analyse clients’ financial positions, develop tailored restructuring plans, and negotiate with creditors to achieve the best possible outcomes.

V. Wealth Management

Asset Protection

We help clients protect their wealth through various asset protection strategies, such as the establishment of trusts and foundations. Our team provides customised advice on the most suitable structures for clients’ needs, ensuring that their assets are safeguarded from potential risks. We also advise on international asset protection strategies, taking advantage of various jurisdictions to provide clients with the most robust protection possible.

Investment Planning

Our firm offers investment planning services to help clients grow their wealth and achieve their financial goals. We assess clients’ risk tolerance, investment objectives, and time horizon to develop customized investment portfolios. Our team keeps abreast of market trends and investment opportunities, providing clients with regular updates and recommendations to optimize their portfolios.

Estate Planning

We provide comprehensive estate planning services to help clients plan for the distribution of their assets upon death. Our team works closely with clients to develop customised estate plans that minimise tax liabilities, protect family wealth, and ensure a smooth transfer of assets to beneficiaries. We advise on various aspects of estate planning, including wills, trusts, and inheritance tax planning.

Retirement Planning

Our firm assists clients with retirement planning, ensuring they are well-prepared for a comfortable and financially secure retirement. We analyse clients’ financial situations, retirement goals, and risk tolerance to create tailored retirement plans that include savings strategies, investment recommendations, and pension planning.

At Chambers & Co, we are committed to providing top-notch services tailored to the unique needs of both corporate and private clients. Our team of experts has extensive experience in various areas of finance, enabling us to provide comprehensive solutions to our clients’ most complex financial challenges. Whether you require assistance with accounting, auditing, tax planning, financial advisory, or wealth management, our firm is well-equipped to guide you through the process and help you achieve your financial goals.

See how our lawyers can help you.

Tel : +357 25025036

·  Mon – Fri 09:00-17:00

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