Gold Magazine November - December 2013, Issue 32 | Page 57

company’s payroll is fundamental to
business, Payroll services compose
of undertakings such as gathering
information and completing all necessary forms, processing monthly payroll, preparation and dispatch of any
reports upon an employer’s request,
preparation and dispatch of monthly
computerised payslips, payment of
employees, payment of PAYE taxes,
social insurance contributions, medical fund premiums and provident fund
to appropriate governmental authorities, assisting in the application for
obtaining work and residence permits
for principals and expatriate personnel, legalisation and certification of
documents, preparing and filing of
annual returns.
The final area in which Cyproman
has developed extensive expertise
is in Fund Administration services,
which are offered through its whollyowned subsidiary Cyprofund Administration Services Ltd. They entail the
maintenance of the register of investors, arranging for the issue, transfer,
allotment, conversion, subscriptions
and redemptions in accordance with
the Offering Memorandum and Articles of Association of a company/
fund and under the su W'f