Accounting and Financial Management

We use professional computerized accounting software for recording and keeping proper accounting records, extracting various reports and preparing financial statements. Services in this field include:

  • Book-keeping in any major currency
  • Preparation and maintenance of wages records
  • Issuance of sales invoices
  • Preparation of Financial and cash flow statements based on IFRS
  • Forensic accounting services
  • Provision of accountancy software
  • Provision of advice in accounting matters
  • Preparation of bank reconciliations

We use professional computerized payroll software for recording and keeping proper payroll records. Services in this field include:

  • Preparation and maintenance of wages records
  • Calculation and submission of social insurance contributions to the Department of Social Insurance
  • Issuance of monthly and yearly payslips and related reports
  • Assistance in paying social insurance and related costs to the local authorities

Given the complex VAT aspects of transactions between companies within the European Union and other transactions, specialised VAT advice and guidance is necessary. Services in this field include:

  • Registering companies for VAT in Cyprus or other EU member states
  • Completion and submission of VAT returns
  • Advising clients on VAT matters and dealing with investigations and inquiries
  • VIES Registration and submission (where applicable)

Feasibility studies are conducted in order to determine whether the business idea is a viable option in terms of workability and profitability. This is done through calculations, analysis, research projects and estimated projections and it is usually done prior to the business plan. A business plan follows next when the decision to go ahead has been made.  This stage is made up from strategies and tactics to be adopted and implemented in order to achieve your company’s goals.

We take responsibility in providing you with a reliable feasibility plan and advise you on your business plan along the way. We also take the hassle off you and prepare all the paperwork needed to apply for a bank loan, based on your business idea and we can be present at bank meetings should you require it. We are there for you at every step of the process!

We have experts with vast experience in “Start-up” companies in order to make sure that you start up on a strong basis.


Contact us at the Elias Christofi & Co. Limited office or submit a business inquiry online.