
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 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
In regards to transfer pricing, we offer guidance on pricing policies, compliance requirements, preparation of the required documentation, benchmarking analyses, assistance during audits and disputes as well as planning and strategy. We help create and implement strategies that comply with regulatory requirements, reduce risks, and enhance tax positions.
Our transfer pricing services include:
Intra-group services pricing: guidance on the pricing of services between entities within the same group
Financial transactions: advise on the transfer pricing implications on intercompany loans, cash pooling and guarantees
Restructurings: guidance on the transfer pricing implications including the transfer of functions, risks, and assets among group entities
Intellectual property valuations: assessment of the intellectual property value
Tax disputes: support during tax disputes, including guidance in obtaining Advance Pricing Agreements (APAs) and Mutual Agreement Procedure (MAP) agreements
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
Deal Services
Our team of professionals is dedicated to guiding you through every step of an envisaged transaction; from origination to execution, as well as, post-deal management. Whether you are looking to raise capital, conduct mergers and acquisitions, restructure, divestiture or create strategic partnerships, we offer strategic advice and operational support to position you for long-term growth and sustainability.
At Meraclis, Herodotou & Co. Ltd we leverage our deep industry knowledge to deliver tailored solutions that address the challenges you might be facing.
Our services include:
Deal strategy
Financial Modelling and Valuations
Setting up and managing of data room
Transaction due diligence
Post-deal integration management