Michalis Avraam & Partners Ltd is a public practice firm of accountants and business consultants, specialising in the provision of audit, tax and business advisory services. The firm was established in 1996 and is based in Nicosia, Cyprus.

Our Mission

Our primary aim is to provide you with high-quality services, strive to achieve results that exceed your expectations adding maximum value to your business.

Each client has a dedicated manager whose principal responsibility is to ensure that services provided are of the highest standard with tailored solutions to all your needs.

Audit Services

Preparation of Company and Consolidated financial statements in accordance with International Financial Reporting Standards (IFRSs)
Statutory audit in accordance with International Standards on Auditing (ISAs)
Evaluation and design of Internal Control Systems
Compliance and special purpose audits
Due diligence assignments
Design and implementation of cash control

Tax Services

Direct Taxes

Registration with the Inland Revenue Department
Preparation and submission of tax returns to the Inland Revenue Department
Assistance with tax appeals and tax investigations
International tax advice and planning on both personal and corporate taxation
Tax advice regarding the inclusion of Cyprus in corporate structures
Information and advice about the benefits enjoyed by International Businesses and foreign individuals through the utilisation of:
- Double Tax Treaty network between Cyprus and EU / non-EU countries
- EU Directives
- Cyprus tax legislation

Indirect Taxes – Value Added Tax (VAT)

Registration with the VAT authorities
Assistance in investigations, enquiries and refund requests
Liaising with Cyprus VAT authorities on behalf of clients
Consultation on VAT compliance requirements arising from client’s existing business or VAT implications that may arise as a result of potential future transactions

Advisory Services

Our philosophy is that we grow hand in hand with our clients and we pay particular attention to the needs of start-up businesses. We implement solutions which deliver real benefits and provide our clients with the management skills which are necessary to operate and compete in a rapidly changing and competitive business environment.

Feasibility studies
Business strategy and planning
Cost management
Company and project valuations
Mergers and acquisitions
Investigations
Business dispute resolutions

Insolvency & Restructuring Services

Our office is considered to be the foremost provider of insolvency-related business services on the island. Our reputation was established over years of experience in managing complex bankruptcy matters involving distressed situations and restructurings. In recent years we have been assigned some of the biggest corporate receiverships and liquidations that arose in Cyprus.

We may advise on a number of solutions available to companies which are either viable businesses undergoing financial distress, businesses that have no prospect of turning around from their current financial difficulties or solvent businesses that voluntarily resolved to be wound-up.

Business Rescue and Restructuring
Company Arrangement and Reconstruction
Receivership
Compulsory Liquidation
Creditors Voluntary Liquidation
Members Voluntary Liquidation

Associates

International Associates:

Our firm has an extensive network of business associates and may call on the expertise of tax, legal and finance professionals worldwide, as and when needed in our efforts to satisfy our clients' needs.

Offcy Consulting Services Ltd:

Is our Cyprus based independent business associate firm providing accounting and business consultancy services.

The team at Offcy Consulting Services Ltd is comprised of professionals from various backgrounds, including accountants, lawyers, business consultants and tax advisors, able to provide an integrated range of services tailored to the needs of clients.

Services offered:

Accounting and VAT/VIES reporting
Legal consultancy
Tax compliance services
Virtual office
Cyprus residence permit

For more information visit their website at www.offcyconsultants.com

First Mediation Services:

Is our Cyprus based independent business partner offering mediation services to individuals and corporations.

Mediation services can be provided to parties referring disputes to the qualified mediator that are difficult to resolve or may be stuck in a lengthy legal process. In such cases a quick resolution and out of court settlement of the dispute will be in the best interest of all parties involved.

The mediator can assist clients to resolve:

Business disputes
Contract related disputes
Real estate disputes
Construction defect cases
Employment and other labour disputes
Personal injury and other insurance related claims
Marriage and divorce related disputes
Community cultural and political disputes

For more information visit their website at www.firstmediation.net.

Mevsoc Consultants Ltd:

Is our Cyprus based independent business partner offering business consultancy and fiduciary services.

The team at Mevsoc Consultants Ltd is comprised of professionals from various backgrounds, including accountants, lawyers, business consultants and tax advisors, able to provide an integrated range of services tailored to the needs of clients.

Services offered: