Services

Elsavco is dedicated in delivering quality and professional services to our clients so as to enable them to run their businesses more effectively and efficiently. Our aim is to also earn the confidence, respect and trust of both our clients and the community.

Our focus is to work with you rather than for you, assisting you in business development and entrepreneurial growth.

Our range of services include:

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Audit and Assurance services:
  • Financial statement audits

  • Special purpose audits

  • Assurance services

  • Impact analysis of new standards

  • Financial services accounting advisory

  • Audit of offshore jurisdiction companies

Accounting and book-keeping services:
  • Maintenance of proper books and records

  • Preparation of interim/annual management accounts

  • Preparation and submission of VAT/VIES/Intrastat returns

  • Preparation of budgets, projected cash flows, etc.

  • Cyprus corporate tax and income tax compliance

  • Cyprus corporate tax and income tax advisory

  • VAT compliance and advisory

  • Restructurings and reorganizations

  • Tax due diligence

  • Registration with the Inland Revenue Department

  • Capital statements

  • Capital gains tax planning

  • Tax clearance certificates

  • Tax residency advisory and certificates

  • Tax rulings

  • Assistance in calculations of temporary/provisional taxes

  • Assistance with inquiries from the Inland Revenue

  • Preparation and submission of employer's tax returns (IR7)

  • Appeals against tax assessments and representation of clients before the Cyprus tax authorities

Tax Compliance and Advisory services:
Business Advisory services:
  • Preparation of business plans

  • Preparation of feasibility studies

  • Preparation of budgets and cash flows (actual and projected) including variance analysis

  • Financial due diligence

  • Advisory for start-ups

Personal payroll services
  • Application and registration of employees and employers with the inland revenue and social insurance departments

  • Social Insurance-related paperwork submission

  • Preparation and submission of personal income tax returns (IR1)

  • Calculation of employees pay as you earn (PAYE) and other statutory contributions

  • Assitance in obtaining permanent resident permit for EU citizens (Yellow Slip) and work permits for non-EU citizens in Cyprus.

  • Expatriate and migrant planning