Our Services

Discover our modern services and practices catered specifically to meet the dynamic demands of today's ever-evolving market and to propel your business towards growth and success

Audit and Assurance Services

Our objective is to provide clients with more than just a statutory audit. We have the knowledge and skills to deliver constructive advice on a wide range of matters. Our broad scope of business expertise and focus on clients’ business in particular, are the key success points when future plans have to be formulated and presented.

Our audit and assurance services cover:

  • Financial statutory audit in accordance with International Standards on Auditing (ISAs) and we report in accordance with the International Financial Reporting Standards (IFRSs) 

  • Specific purpose audits

  • Investigations

  • Corporate reporting and regulatory advice

  • Corporate structures and technical accounting advice

  • Compliance with current and new regulations

  • General business advice including raising finance and due diligence services

Tax Services

We assist international and local clients with intelligent strategies for the effective corporate tax planning to reduce their tax liability in ways that are effective and practical. Legal structures, tax concessions and double tax treaties are some of the tools we use for the potential benefit of our clients.

Our tax services include:

  • International tax structuring

  • Tax planning

  • Personal, corporate tax and VAT compliance

  • Group relief provisions

  • Access to EU Directives

Accounting Services

We offer a wide range of support services to businesses that cover their operational, legal and fiscal requirements.

One of the main concerns of prospective clients in setting up a business entity is how to efficiently and cost effectively administer and control its accounting functions.

We can help by providing the following services:

  • Bookkeeping

  • Reconciling the bank balances monthly with the bank statements

  • Periodic financial statements and reports for management purposes

  • Preparing financial reports by product and /or segment

  • Preparing budgets and producing reports monitoring actual performance against budget

  • Preparing ageing analysis of debtors and debtors statements

Corporate and Fiduciary Services

Our firm through its associates provides full company administration services as well as corporate support services, which include advice on establishment and administration of local and international business companies of any type.

Administration Services

An international entity needs strong support for its day-to-day business operations as well as for its compliance with statutory and regulatory matters.

Our firm can assist with:

  • Advising and assisting in the selection and formation of the appropriate business entity

  • Handling minutes of directors' and shareholders' meetings

  • Handling corporate changes

  • Handling statutory filing requirements

  • Maintaining statutory records

In cases where you do not wish to operate fully fledged offices in Cyprus our dedicated team of experienced company administrators offers you full day-to-day administrative services ensuring the smooth, efficient and cost effective operation of the company.

Our services include:

  • Arranging the opening and operation of bank accounts

  • Monitoring and reporting bank account movements

  • Arranging the issuance of documentary letters of credit, bank guarantees and bills of exchange

  • Issuing of sales invoices and monitoring debtor collections

  • Providing telephone, e-mail and facsimile services

  • Providing secretarial support

  • Drafting and executing agreements

  • Dealing with Central Bank and other local authority issues

Incorporation and Fiduciary Services

We can assist you with incorporating new companies in Cyprus as well as arranging and coordinating the incorporation of companies in other jurisdictions. Due to the nature of international business it is expedient to be in a position to transact business on site and consequently arrangements can be handled for the appointment of highly reputable and trustworthy persons for performing the fiduciary services.

Our services include:

  • Assisting in the incorporation process

  • Drafting Memorandum and Articles of Association

  • Obtaining all necessary permits for registration

  • Registering branches of overseas companies

  • Arranging the provision of registered office facility

  • Arranging the provision of trustee shareholders

  • Arranging the appointment of local directors and company secretary

Funds Services

Many Banks, financial services companies, fund managers, investment firms and high net worth individuals choose to base the registration and management of their funds in low tax jurisdictions. This option offers significant advantages for the minimisation of taxes as well as confidentiality and anonymity for the fund managers as well as for the investors.

At Meraclis, Herodotou & Co. Ltd we offer assistance to set up and further manage such vehicles in an accelerated and simplified process.

Our services include:

  • Assistance through the application process with the Cyprus Securities and Exchange Commission (CySec) of Cyprus

  • Fund administration services including bookkeeping, fund valuations and due diligence

  • Audit of the statutory annual financial statements in accordance with the International Financial Reporting Standards (IFRS)

  • Compliant reporting and other regulatory reporting, such as review of half-yearly reports as required by the regulatory authorities

  • Tax due diligence services, as well as preparation and submission of tax reports to the relevant Tax Authorities

  • International tax planning taking advantage of the European acquis provisions

Insolvency Services

Our firm through its associates is fully qualified to assist you with any insolvency requirements under the Cyprus Insolvency Legal Framework.

Our services include:

  • Appointment of liquidator for company’s members’ voluntary liquidation and creditors’ voluntary liquidation

  • Receivership of companies in financial distress