Professional & reliable accounting services in Nicosia
We provide excellent quality and fairly priced services to small & medium size businesses of Cyprus.
Focus on growing your business, and relax while we handle everything accounting related, from start to end.
Design of computerised accounting systems
Cost-effective outsourced bookkeeping for small businesses, with reliable accountants and experienced senior reviewers
Budgeting and cash flow forecasting
Payroll & Social Insurance services
Registration/deregistration of employees with the social insurance department
Preparation of payroll
Assistance with all kinds of payroll and social insurance payments for small/medium companies and self employed
VAT and other Tax services
We are experienced Cyprus tax consultants, with extensive knowledge of all aspects of Cyprus tax. We can deal with any Cyprus tax issue an individual or a company is facing, from start to finish.
Through our many years of experience we have refined our work methods again and again, and we are able to offer a very competitive price and highly efficient service, perfectly suitable for individuals and companies.
Tax services for individuals
Planning and advice on all types of taxes for natural persons in Cyprus
Planning and advice on Cyprus residency rules
Registration with the Cyprus tax authorities (social insurance, inland revenue, and any other required)
Submission of income tax declaration (IR 1) – straightforward process, finished in a single meeting
Liaising with the authorities for all required tax issues.
Cyprus VAT services for self-employed and small companies
VAT registration and deregistration
Preparation and submission of VAT returns (quarterly)
Assistance with VAT refund and other requests
Assistance with VAT investigations.
EU VAT (VIES) services for self-employed and small companies
Planning and general advice on Cyprus and European Union VAT tax
VIES registration and deregistration
Monthly submission of VIES forms.
Tax services for companies
Registration with the Cyprus tax authorities
Preparation and submission of all required tax forms
Planning and general advice on how to minimising corporation tax in Cyprus
Liaising with the authorities for all required tax issues
Assistance with tax investigations
Annual IR63 preparation and submission
Advise on all tax implications from liquidation of a Cyprus company.
Outsource you Accounting
We are frequently asked by clients – especially small and medium businesses – to advise on the benefits of hiring an accountant inhouse (either full or part time) compared to outsourcing the accounting function.
A lot of business owners seem convinced that as their business grows, the accounting should be performed inhouse, or ‘’close to the operations of the business’’, as we often hear. The reality is that many business owners are simply more comfortable when they can physically see and talk to their accountant.
For the sake of objectivity, it is important to state at this point that we are accounting services providers, and we therefore do have an incentive to advise in favour of outsourcing bookkeeping.
However, the reason we are in the business of offering outsourced accounting services in the first place, is because we genuinely believe this is the most effective solution for the accounting needs of a small or medium enterprise.
Are you interested in starting a new business in Cyprus, but you are not sure where to begin? We can assist you in the new venture, every step of the way.
What we can do for you:
Compare various business structures (for example, self-employed or company) to identify the best option for you
Clarify the tax and other implications of starting a new business in Cyprus
Assist in relocating an existing business to Cyprus
Estimate how much the administration/accounting/audit of your new business will cost
Provide general advice on a range of issues faced when starting a new business in Cyprus
Through our legal partners, we can offer company incorporation & administration services, making VaSt a one-stop-shop for all your new business needs:
Cyprus company formation (incorporation)
Provision of company secretary, registered office, nominee directors, and nominee shareholders services
Opening of bank accounts
Business name registration
Cyprus company formation.
Audit services in Cyprus for small & medium companies
Are you looking for a reliable and efficient Cyprus audit firm that you can trust, to build a strong and honest long-term partnership? You are in the right place.
Our audit partners has decades of audit experience, across a wide range of industries. Through this experience, we can offer you a combination of price & quality which is simply perfect for a small or medium company. All our services are tailored to the needs of each and every client, without exceptions.
Traditional & modern sectors audits
In addition to traditional sectors, the rapid rise of technology resulted in a lot of Cyprus-based companies operating in new and exciting industries. Our people are involved with companies operating in a wide range of sectors – if you are operating in a niche/specialised sector, and you are unsure whether we can help you, contact us. We are happy to discuss your business needs.
And it’s all just one phone call away: