ZERVOS & CO with its wide experience and knowledge as well as its distinguished expertise can readily provide a variety of professional services beyond mere satisfaction at a speedy level of execution. The firm provides the following services: auditing, accounting, management consulting, taxation, corporate services, international business services, and corporate recovery and insolvency services.

ZERVOS & CO believes in providing an audit that goes beyond the statutory requirements. In this respect as independent advisors the firm delivering a constructive and value added advice is inherent in every audit effort it undertakes. The audit procedure is by itself unique and adaptable to apply to the specific needs of each client to assure maximum satisfaction.

The auditing procedure is using leading edge software tools that better accommodate the comprehensive evaluation of a client’s business, the internal accounting, and other specialized control systems. The client’s internal control structure is thoroughly assessed to determine its effectiveness and based on the findings, the firm renders its opinion on the financial statements. The client’s management can rest assure that invaluable observations made during this testing will be brought to its attention and recommendations on how to act on them if warranted.

The firm’s auditing service can offer the client the following:

• Financial statutory audit.
• Internal audits.
• Specific purpose audit.
• Investigations.

All businesses have to be informed about the accounting profession as they are directly affected from any changes or developments that take place.

ZERVOS & CO keeps a close eye on such issues and advises its clients on any changes or developments of accounting standards and practices, thus, keeping them updated. The firm has a very skilled accounting department, which caters its clients on an individual basis acknowledging that different accounting measures have a different impact on clients.

The firm offers the following services:

• Complete bookkeeping service with periodic financial reporting on site or in its premises.
• VAT bookkeeping services.
• Computerization of accounting records.
• Experience in International Accounting Standards and Generally Accepted Accounting Principles.

Change is inherently constant when it comes to taxation, and laws on the subject are becoming ever more complicated and as a result increase apparent problems for businesses and organizations.

Taxation now involves not only income tax and stamp duty, but also VAT, corporate tax, and capital gains tax. ZERVOS & CO, however, realizes that taxation matters have to be seriously appraised, and can advise and prepare clients on the subject, whether that is filling their taxes or forming a tax plan suitable for their measures. Businesses need to concern themselves with tax planning since the proper planning by ZERVOS & CO can maximize their tax benefits and advantages, while minimizing their tax liabilities, and increase their funds’ savings as well as liquidity.

ZERVOS & CO can advise its clients to plan their tax payments on due days, and, in turn, avoid concentration of tax, tax penalties and interest, and avoid unfavourable results on their working capital. Also the service includes advice on international tax implications and matters that may derive from the use of double tax treaties.

The firm’s tax personnel comprises of very qualified individuals who have a vast understanding of the tax laws and practice.

All business entities whether at the infancy or the maturity stage of their life cycle will need to have a thorough study concerning their needs and requirements and how to approach them more effectively.

ZERVOS & CO has the capability to provide this service to such companies through its consultancy department, which consists of a highly qualified and experienced team of advisors. The clients can be assured that the firm has the expertise required to help them maximize their effectiveness and profitability. The partners are actively involved in the decision making process of every consultancy assignment.

The firm can assist clients in preparing feasibility studies or consult and give advice in the following:

• Human resource management.
• Feasibility studies for activities in Cyprus and abroad.
• Cash flow and working capital management.
• Budgets and cash flow projections.
• Design of costing systems.
• Mergers and acquisitions consulting.
• Business and share valuations.
• Investment Planning.
• Initial public offering consulting for companies entering the Cyprus Stock Exchange.
• Market research.

The firm works closely with its clients on all assignments of this nature to achieve the maximum business results possible. Clients are involved in the project while the firm focuses to tackle the key business issues.

The firm has approached the corporate services issue by delegating this part of its business to other professionals with whom the firm has formed strategic alliances.

The firm works closely with these affiliates, who include some of the leading law firms in Cyprus, to provide its clients with a wide range of services and help them meet their needs. These partnerships warrant that the clients will be in full compliance with statutory legal matters.

The clients of the firm are offered advice on company related law, the formation of companies and other entities including trusts, approval of company and business names, share and trade mark registration, preparation of powers of attorney and legalization of documents.

Cyprus has become one of the leading financial and commercial International Business Companies (IBC) centres in the world as it has already attracted more than 40,000 International Business Companies. The continuous growth of IBC activity results from the combination of generous tax concessions and the existence of an extensive and ever expanding network of Double Tax treaties. Furthermore, the geographical location of Cyprus as a business hub for Europe, Africa, the Middle East and Asia along with the high European-level standard of living as well as the high quality services and communications offered are extra attributes why so many companies base their operations in Cyprus.

ZERVOS & CO has been serving International Business Companies ever since its formation, therefore, allowing its personnel to gain a tremendous amount of expertise for dealing with the requirements and needs of such companies. Advising at the initial stage, ZERVOS & CO determines the appropriate type of business to be formed. An International Business Company can be established in three forms. A limited liability company, a general or limited partnership and an international branch of foreign corporation. From there on, the firm will provide assistance with entity registration and with obtaining the approval for establishment of such entities. If the specific IBC wants a physical presence, then the firm will assist it with obtaining residence and employment permits for its expatriate personnel. The firm will also help the IBC to find appropriate office location and recruit employees. In addition, the firm will assist the IBC with its daily operations as well as with a wide range of financial and managerial advice.

If you are interested in incorporating a Cyprus International Bussiness Company please download and complete the attached form.

Financial difficulties for certain businesses are a given if we take into account the unfavourable economic conditions of recent years. Because of these difficulties, some of the companies are forced to appoint an administrator, a receiver, or a liquidator. Under such circumstances ZERVOS & CO will undertake the specific appointment and perform all the legal duties required by law on behalf of the troubled company.

Fortunately in other cases, the financial situation might not be so critical allowing the firm to apply its practical expertise and financial advisory skills to help the business in question recover from the unstable times.

Whichever the case ZERVOS & CO is equipped to undertake any kind of insolvency and recovery service.

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