Michalis Avraam & Partners Ltd - Cyprus Profile

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    Michalis Avraam & Partners Ltd

    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:

    • Company formation in Cyprus and all major tax jurisdictions
    • Corporate administration and secretarial
    • Bank administration
    • Legal consultancy
    • International tax planning
    • Trust formation and administration
    • Fund registration and administration
    • Investment firm registration
    • Virtual office
    • Cyprus residence permit

     

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

    Michalis Avraam

    Michalis Avraam

    Managing Director

    Publications

    • IPOs Through Cyprus: 2016 edition

      IPOs Through Cyprus: 2016 edition

    • Investment Firms: 2016 edition

      Investment Firms: 2016 edition

    • Cyprus Tax Facts: 2016 edition

      Cyprus Tax Facts: 2016 edition

    • Cyprus Holding Company: 2016 edition

      Cyprus Holding Company: 2016 edition

    • Cyprus Effective Tax Planning Structures

      Cyprus Effective Tax Planning Structures

    • Alternative Investment Funds

      Alternative Investment Funds

    • Cyprus Residence Permit

      Cyprus Residence Permit

    • Cyprus International Trusts

      Cyprus International Trusts

    Contact Information

    Nicosia (head office)

    8 Digenis Akritas Avenue, Office 403, CY-1045 Nicosia, Cyprus

    Tel: (+357) 22 346 080
    Fax: (+357) 22 346 020
    Email

    Website

    View key contacts Hide key contacts
    • Michalis Avraam
    • Managing Director
    • Direct Tel: (+357) 22 346 080
    • Email

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