Gold Magazine June - July 2013, Issue 27 | Page 28

8 3 COVER STORY G. JOSEPHAKIS AUDIT LTD Founded in 1996, this firm of accountants, tax consultants and business advisors carries out statutory financial audits, internal audits and investigations and offers computerised accounting services, tax services for individuals and companies, financial and management consulting and other corporate services. Its stated vision is to provide the highest standard and quality of professional services and to 1 7 =44 continue to grow, without losing the close and personal relationship it has with its clients. Number of Employees: 6 Managing Director: George Josephakis Number of Partners: 1 Head Office: 2, Dinokratous St., Office 302, Amaral 25, 1070 Nicosia Tel: [phone] Fax: [phone] Website: www.gjosephakis.com e-mail: [email protected] =45 IOANNOU & DAMIANOU LTD add value and safeguard its clients’ interests. In November 2010, the firm was awarded the prestigious ACCA Quality Checked Award, confirming the firm’s commitment to quality. Number of Employees: 5 Managing Directors: Maria element in a successful business relationship. Number of Employees: 5 Managing Director: Yiannakis Ioannou Number of Partners: 2 Head Office: Suite 4A, 4, Georgios Seferis St., Ayii Omologites, 1076, Nicosia Tel: [phone] Fax: [phone] Website: www.advantax.com.cy e-mail: [email protected] =45 Pastellopoulou Number of Partners: 2 Head Office: 39, Themistocles Dervis St., Office 504, 1066 Nicosia Tel: [phone] Fax: [phone] e-mail: [email protected] A.A. XENOPHONTOS & ASSOCIATES LTD Located in Latsia, Nicosia, the firm was named Full Service Accountancy Firm of the Year in Cyprus by Global Accountancy Experts in 2013, and by business magazine Corporate INTL in 2012. The firm offers a wide range of services, including accounting, auditing, tax planning and compliance, financial studies (feasibility/ viability studies, business plans), payroll services, VAT, trusteeship/nominee services and company formation, trust formation, company liquidation and strike off services. Number of Employees: 3 50 Managing Director: Andreas Xenophontos Number of Partners: 1 Head office: 79, G. Kranidioti Ave., 2nd Floor, Office 204, 2231 Latsia, Nicosia Tel: [phone] Fax: [phone] Website: www.xenophontos-associates.com e-mail: [email protected] Adonis Theocharides: The accounting profession in Cyprus will continue to be considered as world class due to its high-calibre qualified workforce, excellent infrastructure and developed professional/legal system. While the corporation tax rate has increased from 10% to 12.5%, it is still among the lowest in EU. The Cyprus tax regime continues to provide for full exemption on dividends (incoming and outgoing) while the new IP regime, which provides for 80% exemption on profits from the exploitation of intellectual property rights, remains intact. Zero withholding taxes on payments to non-residents still apply, as do the exemptions on capital gains on the disposal of shares, other securities and immovable property situated outside Cyprus.The introduction of a financial transactions tax has been avoided. It is widely anticipated that changes now being put in place will have a positive effect on Cyprus’ competitiveness and it will thus continue to be an attractive jurisdiction for international tax planning. The Best-Run Businesses Run SAPTM 26 Gold THE INTERNATIONAL INVESTMENT, FINANCE & PROFESSIONAL SERVICES MAGAZINE OF CYPRUS The main services provided by the firm, established in 1990, include audit, taxation, business consulting and financial advisory. It also offers a host of specialised services to a wide range of corporations, partnerships, non-profit organisations and individuals, and is well-known for its expertise in the business issues and tax laws that impact its clients and for its constructive and insightful feedback on the financial performance, position and specific circumstances of each company. Number of Employees: 5 Managing Directors: Costas Yiassemides FCCA Number of Partners: 2 Head Office: 14 Costi Palama Street, 2121 Aglandjia, Nicosia Tel: [phone] Fax: [phone] Website: www.yiassemides.com e-mail: [email protected] 5 This leading firm of Chartered Certified Accountants, Auditors and Business Advisors offers a wide range of services to local and international clients. Services include accounting and audit, business advisory, taxation and IT services. Through innovation and forward thinking, the firm responds to the individual needs of its clients, bringing an open mind as well as unparalleled experience to each job ensuring client satisfaction, an essential PASTELLOPOULOU, KARLETTIDES LTD A firm committed to quality and customer care, specialises in the provision of accounting, auditing, tax and consultancy services. The firm’s aim is to provide clients with the highest quality level and, at the same time, maintain its professional and business ethics in order to YIASSEMIDES & CO =45 TOP 50 ACCOUNTING, AUDIT, TAX & ADVISORY FIRMS IN CYPRUS .39 HTT AUDIT No Adonis Theocharides is a Partner, HTT Audit Ltd