KPMG has been operating in Cyprus since 1948, providing a wide spectrum of audit, tax and advisory services to local and multinational entities. KPMG in Cyprus currently has 44 Board Members and employs more than 800 professionals in six offices across the island (Nicosia, Limassol, Larnaka, Pafos, Paralimni, Polis Chrysochous). It is a member of KPMG International Limited, a global organisation of independent professional services firms providing Audit, Tax and Advisory services.
KPMG firms operate in 143 countries and territories with more than 265,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.
KPMG classifies its service offering into three core functions (Audit, Tax and Advisory), each of which includes a wide range of specialised services, aiming at providing clients with customised solutions that best suit their needs. For each of these core functions, KPMG has dedicated departments with highly skilled professionals, headed by partners possessing extensive experience. Clients look to KPMG for a consistent standard of service based on high-order professional capabilities, industry insight, local knowledge and expertise.
In 2019, sectors such as Digital Innovation, Data & Analytics, Cyber Security and Fintech will help the profession grow further. In addition, new service offerings such as wealth management, funds and fund management and licensing will continue to grow, says Christos Vasiliou, Managing Director of KPMG in Cyprus.Read Christos Vasiliou's full insight
The way consumption unfolds, gives an important indication for an economy’s health level and at the same time it reveals the consumer trends over spending. However, it should be noted that the data published takes also into account the 'imported consumption' - generated by foreign visitors - and therefore further analysis is required as to whether and in what extend the dispositions of the domestic market are reflected through these data.Read full article
The current status in the European Banking System is characterized by an alarming heterogeneity in regards to the category of Non-Performing Loans (NPLs). It is evident that high NPL stocks are reducing the resources that can be allocated to new financing by shrinking lending and consequently draining the economy out of necessary liquidity and working capital.Read full article
Being creatures of habit, one would assume that customers would prefer to remain loyal to the brands they have been using, instead of switching to competitive brands. According to Nielsen, 78% of consumers are not loyal to any particular brand. Considering that customer loyalty has long been recognised as the magic ingredient in the recipe for business success, this figure could lead us to question whether loyalty really exists in the digital era.Read full article
Two of the most popular and internationally recognized ISO standards have been revised and reissued in September 2015. The new ISO 9001 Quality Management Systems and ISO 14001 Environmental Management System standards are featuring important changes and adopt a new and interesting perspective.Read full article
KPMG in Cyprus successfully organized the Pancyprian family business conference on Wednesday 23rd September 2015, at the Hilton Park Hotel in Nicosia. The purpose of the conference was to inform and enable family businesses sector in the setting up, development and succession of their business to the next generations.Read full article
Digital innovation is dominating the agenda of technology leaders, but many companies are struggling to manage it, according to the Harvey Nash 2015 CIO Survey in association with KPMG. The pace of digital and the race to innovate has left many organisations lacking an enterprise-wide digital strategy and desperately seeking to acquire the right skills. Despite efforts to close the skills gap, this year skills concerns are running one third higher than in 2013. The demand for big data analytic skills has leapt to the number one most-needed skill, skyrocketing to almost six times higher than the next-most-scarce skill, change management.Read full article
KPMG Center 11, 16th June 1943 Street, 3022, Limassol
Tel: (+357) 25 869 000
Fax: (+357) 25 363 842
Millenium Lion House, 1 G. Aradippioti Street, 6016, Larnaca
Tel: (+357) 24 200 000
Fax: (+357) 24 200 200
Tziovani Bldg, 2 Soteras Street (2nd floor) 5286, Paralimni
Tel: (+357) 23 82 0080
Fax: (+357) 23 820 084
Paphos Atheneon Building, 51 Griva Dhigheni Avenue, 8047 Paphos, Cyprus P.O. Box: 60288, 8101 Paphos, Cyprus
Tel: (+357) 26 943 050
Fax: (+357) 26 943 062
Polis Chrysochous Akamas Gate Complex, 19 Vasileos Stasikou Avenue, 8820 Polis Chrysochou, Cyprus P.O. Box: 66014, 8830 Polis Chrysochous, Cyprus
Tel: (+357) 26 322 098
Fax: (+357) 26 322 722