PHS Hadjizacharias & Co Ltd, is an independent professional firm in Cyprus, providing International Business Services in the fields of corporate management and administration, audit and taxation, business and financial advisory services to clients worldwide.
We would like to remind all our clients that according to the Cyprus Company Law and Income Tax Law provisions all Cyprus companies have the obligation to prepare and submit audited financial statements and tax returns to the authorities in Cyprus.
We give you five tips of how you can make your business even more profitable. In order to cut your expenses and improve your profits, your company has to be supported by a team of qualified tax experts that will reduce its liabilities up to 75%..
Setting up a business in a foreign country is normally risky; that’s why a lot of people are discouraged in doing it. However, Cyprus is one the few countries that actually attract both the risk-takers and businessmen who tend to stay on the safe side
Paying taxes can be bothersome; however, it is a responsibility every working citizen must shoulder.
Cyprus is considered to have the most favorable tax system for corporate businesses. With a corporate tax of only 12.5%, it has now the lowest rate in the EU.