Business Support2019-04-13T07:26:41+00:00

Business Support Services

At Evangelou Loizou & Associates Ltd we provide you with a variety of supporting services that will help you navigate your business in today’s complex and constantly changing business environment with success.

We have a reputation for providing high quality but cost-effective financial and accounting outsourcing solutions, technical support services and a range of affordable business support services for small and mid-sized businesses across many industries.

Growing competition and increased customer expectations have made a marketer’s job tougher than ever before. At the same time, the customer has well and truly gone global – buying and selling products & services all over the world. Through our focus on quick issue resolution, strong customer relationships and higher retention, we enable our clients to expand operations, reach more customers, and launch new products & services faster, with sustained customer satisfaction.

Accounting Services

Maintenance of computerized accounting records

Preparation of monthly / quarterly management accounts

Preparation of annual financial statements in accordance with IFRS (International Financial reporting Standards)

Preparation of debtors’ statements of account

Reconciliation and analysis of bank accounts

Reconciliation of creditors’ balances with the creditors’ statements of account

Preparation of budgets and cash flow statements

Preparation of annual tax computations

Payroll & Personnel Services

Monthly calculation of the payroll which includes gross salaries, other benefits and allowances, sick leaves, overtimes, prepayments etc

Detailed calculations of the Social insurance contributions

Exact calculation of the monthly tax (PAYE) that each employee may have to pay

Support with the registration of the company as an employer with the Social Insurance Services

Support with the application to the Social Insurance Services with matters of hiring, letting go and other changes in the personnel of the company

Support with the application of MEU1 of non-Cypriot European employees with the Civil registry and Migration Department for the obtainment of the Registration certificate

Support of third country Nationals with different permits from the Migration Department that are needed to work in Cyprus

Timely update on changes with the regulations that might affect the company ( Employers GuideSocial Insurance in Cyprus )

Update and support services with regards to different employment subsidy schemes that might be announced by the relevant authorities ( Department of LabourHuman Resource Development Authority of Cyprus )

Tax Compliance Services

Registration of your Cyprus Company with Tax Department

Preparation, submission and maintenance of quarterly VAT returns, and monthly VIESreturns

Help with tax investigations

Support with the application for obtaining Tax Residency Certificate, Double Taxation, and Tax Clearance certificates from the Tax authorities

Preparation of annual tax computations, submission of tax declarations and payment of taxes

Take care of all correspondence with the Cyprus Tax Authorities

Immediate update of any changes in tax legislation

Contact us for a professional advice tailored to your needs


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