Empowering Global Businesses: Launch of Comprehensive Tax Advisory Services in Cyprus
Nov 13, 2023
Limassol, November – In response to the evolving global economic landscape and the increasing trend of cross-border business activities, we are pleased to announce the introduction of our comprehensive Tax Advisory services in Cyprus. This unveiling represents a significant development for businesses seeking expert guidance in navigating the complexities of international taxation.
The current global business environment is undergoing a transformative shift, characterized by heightened cross-border activities, increased capital mobility, and the dismantling of trade barriers. Recognizing the growing demand for efficient tax consultants, we present our team of expert Cyprus Tax Advisors. More than mere service providers, we position ourselves as strategic partners dedicated to aiding businesses in ensuring tax regulation compliance, risk mitigation, and optimizing tax positions for sustainable growth. Our services extend beyond traditional tax advisory, covering meticulous tax return preparation, resolution of complex tax issues, thorough tax return audits, and seamless facilitation of tax payments.
At the core of our Cyprus Tax Planning and Consultancy Service lies its adaptability to the dynamic international business landscape. Entrepreneurs and investors are increasingly establishing international business companies, strategically positioning their participations globally, and engaging in trading activities in jurisdictions with favorable business environments. Cyprus, with its efficient financial, tax, legal, and banking systems, coupled with low operating costs, emerges as an ideal hub for such ventures. Our Cyprus Tax Consultants comprehend the unique challenges and opportunities linked to cross-border activities, providing tailored solutions to navigate this intricate terrain.
In an era where agility and thorough understanding of international trade transactions are paramount, our professional Cyprus Tax Consultant team stands as an epitome of expertise. We are committed to furnishing clients with the knowledge and insight required not only to survive but to thrive in this dynamic setting. Through our advisory services, businesses can capitalize on friendly business environments, efficient financial systems, and high-quality professional services strategically positioned near their international markets.
Moreover, our comprehensive suite of services extends to company formation, guiding businesses through the intricacies of establishing a robust corporate presence in Cyprus. Our expertise in corporate accounting ensures meticulous financial management, offering transparency and accuracy necessary for informed decision-making. Additionally, our immigration services facilitate seamless transitions for businesses and individuals navigating the complexities of relocating to Cyprus, ensuring compliance with immigration regulations.
As opportunities for cross-border activities increase, so do associated risks and regulations. Our Cyprus Tax Advisors are poised to address these challenges, providing high-quality and competent advisory services that empower businesses to make informed decisions. Whether ensuring compliance with the latest tax regulations, navigating the intricacies of international tax structures, or proactively identifying opportunities for tax optimization, our team is equipped to provide personalized solutions aligning with the unique needs of each client.
In conclusion, our Tax Advisory services in Cyprus aim to be a cornerstone for businesses looking to unlock their full potential in the global marketplace. With a steadfast commitment to excellence, our Cyprus Tax Consultants are dedicated to providing businesses with the tools and expertise they need to thrive in an ever-changing international business landscape.
https://www.youtube.com/watch?v=6ABZj_lZdus
About Globalserve
Globalserve Consultants, a licensed accounting and corporate provider firm, operates under the regulatory oversight of the Institute of Certified Public Accountants of Cyprus (ICPAC) with license number E495/F/2013. Established in 1994, the firm has solidified its position as a prominent entity within the sector in Cyprus. Its core activities encompass international tax advisory services and the formation and management of international business companies, spanning various jurisdictions including Cyprus, UAE, UK, Malta, the Netherlands, Hong Kong, Singapore, Switzerland, Luxembourg, Bulgaria, and other international business centers. With a robust presence, Globalserve Consultants oversees the incorporation of these entities in more than 30 international business hubs.
Empower Your Business Strategy with Globalserve Consultants' Cutting-Edge Business Consultancy Services
Aug 08, 2023
Nicosia, Cyprus – Globalserve Consultants, a distinguished leader in international business solutions, is pleased to unveil its highly anticipated Business Consultancy Services. With an unswerving commitment to providing expert guidance and crafting tailor-made solutions, Globalserve Consultants is positioned to empower businesses seeking to optimize tax structures, facilitate seamless company formations, and navigate intricate immigration services.
The imperative for a resilient and adaptable strategy has surged as the global business landscape evolves. Recognizing contemporary enterprises' multifaceted challenges and opportunities, Globalserve Consultants proudly presents its comprehensive Business Consultancy Services. This holistic suite encompasses a spectrum of vital business requirements, encompassing international tax advisory, efficient company formation, streamlined immigration protocols, and comprehensive corporate and legal support.
Key Highlights of Globalserve Consultants' Business Consultancy Services:
Efficient Tax Structures: Drawing from specialized prowess in forming international business entities, particularly honing in on Cyprus Limited Liability Companies as optimal EU intermediaries or holding entities, Globalserve Consultants is steadfastly devoted to architecting tax structures impeccably aligned with each client's business aspirations. Leveraging extensive industry insight and years of domain expertise, the firm's adept professionals meticulously engineer tax strategies geared to foster growth, ensure compliance, and achieve competitive advantage.Comprehensive Immigration Services: Traversing the intricate landscape of immigration protocols within Cyprus can be daunting. However, with Globalserve Consultants as your guiding ally, this process seamlessly metamorphoses into an efficient journey. Whether residency or employment-related, the firm's proficient experts adroitly oversee services spanning the procurement of yellow slips, meticulous management of BCS processes, acquisition of pink slips, and attaining diverse licenses. This unparalleled immigration support expedites the assimilation of professionals into the fabric of Cyprus' business sphere. Holistic Corporate & Legal Services: The commitment to unwavering client support underscores Globalserve Consultants' comprehensive approach across an extensive gamut of corporate and legal requisites. From precision-driven company incorporation and administration to the establishment of resilient banking liaisons, the creation of trusts and foundations, the orchestration of seamless mergers and acquisitions, and comprehensive accounting and reporting, the firm's accomplished team ensures that enterprises are endowed with indispensable tools ensuring legal compliance, impeccable corporate governance, and administrative prowess.
"Globalserve articulated, "The cornerstone of our ethos is our unwavering commitment to proffer businesses a meticulously customized suite of services finely tuned to their distinct prerequisites. Globalserve Consultants' Business Consultancy Services are deeply rooted in a legacy spanning decades, characterized by innovation, and informed by industry-leading proficiency. As a steadfast ally, we bolster businesses aspiring for strategic expansion within the swiftly evolving global panorama."
Bolstering its commitment to excellence, Globalserve Consultants extends its exceptional services through a network of representative offices in Cyprus, Greece, and the UAE. This outreach radiates across Europe, encompassing the CIS countries, the Eastern Mediterranean, and the Gulf region. The firm's dedication to conformity with international regulatory frameworks and diligent anticipation of client needs is vividly underscored by its prestigious affiliations with reputable organizations, including ICPAC, CCCI, STEP, and IFA.
For an exhaustive understanding of how Globalserve Consultants is poised to reshape business strategies, optimize tax structures, and deftly facilitate seamless international operations, kindly explore gstaxconsultants.com. Alternatively, connect with the dedicated team via email at marketing@globalserve.com.cy or +357 25 817181 for direct engagement.
https://www.youtube.com/watch?v=JJ_5OPDGcBA&t=1s
About Globalserve Consultants: Globalserve Consultants, a licensed accounting and corporate provider firm regulated by ICPAC in Cyprus, proudly embodies a distinguished heritage since 1994. Pioneering a comprehensive spectrum of international tax advisory services, fortified by unparalleled expertise in company formation and strategic management solutions, Globalserve Consultants stands as a beacon within the industry. Guided by an unwavering commitment to excellence and a flair for innovation, the firm orchestrates transformative solutions that steer client enterprises toward resounding success.
Globalserve Consultants LTD Offers Tax Advisory Help With Amendments to Article 8(23A) of the Income Tax Law in Cyprus
Jul 24, 2023
Limassol, Cyprus: Globalserve Consultants LTD, a leading licensed accounting and corporate provider firm in Cyprus, is pleased to announce its comprehensive tax advisory services to assist individuals and businesses with the recent amendments to Article 8(23A) of Cyprus's Income Tax Law (ITL).
The Cyprus Parliament recently voted to introduce significant amendments to Article 8(23A) of the Income Tax Law, and these changes were officially published in the Cyprus Gazette on 30 June 2023. The amendments are applicable retroactively from 1 January 2022 and encompass the following key provisions:
Extended Residency Requirement: The 50% exemption on income tax is now granted to individuals who were not residents of Cyprus for 15 consecutive years (instead of 10 years as previously the case) before any employment in Cyprus. This means eligible individuals can enjoy the tax exemption after 15 years of non-residency in Cyprus before starting employment there.
Change of Employer Eligibility: The 50% exemption on income tax is now granted to individuals even if they change their employer. Previously, the exemption was only applicable to the first employment in Cyprus, and changing employers would result in the termination of the exemption.
Extended Exemption Period: The 50% exemption on income tax is now granted for 17 consecutive years starting from the tax year of employment in Cyprus. This exemption will remain in effect until Article 8(23A) 's provisions are abolished or the 17-year period is completed, whichever occurs earlier.
Transitional Provisions:
It is important to note that these amendments also apply to the transitional provisions introduced in Article 8(23A). Individuals whose employment commenced before 1 January 2022 and who were not Cyprus tax residents during any of the 15 years preceding their employment in Cyprus may be eligible to transition into the provisions of the new Article 8(23A) for the 50% exemption. This eligibility is applicable during any tax year in which their remuneration exceeds the amount of €55,000, starting from the year 2022 until the completion of 17 consecutive years from the year of their employment. To qualify, individuals must meet one of the following conditions:
They were eligible for the 50% exemption under Article 8(23) of the Income Tax Law.They were first employed in Cyprus during 2016-2021, with remuneration exceeding €55,000 annually.
They commenced their first employment in Cyprus during the period 2016-2021 with remuneration not exceeding the amount of €55,000 per annum and within six months from the date of publication of the new Law in the Cyprus Government Gazette (26 July 2022), their remuneration exceeded the amount of €55,000.
Contact Information:
For inquiries or assistance related to the amendments to Article 8(23A) of the Income Tax Law in Cyprus, please contact:
Globalserve Consultants LTD Phone: +357 25 817181 Address: Globalserve Business Centre, Vasili Michaelidi 9, Limassol 3026, Cyprus
About Globalserve Consultants LTD:
Globalserve Consultants LTD is a licensed accounting and corporate provider firm in Cyprus, regulated by ICPAC, with license number E495/F/2013. With over 25 years of experience, Globalserve offers a wide range of professional services, including tax and financial advisory, incorporation and administration of companies, banking services, M&A transactions, accounting, and more. The company is a member of prestigious organizations such as ICPAC, CCCI, STEP, and IFA, ensuring compliance with international regulations and providing expert solutions tailored to client's needs worldwide.
For more information about Globalserve Consultants LTD, please visit www.gstaxconsultants.com.
https://www.youtube.com/watch?v=3Ovl8PKvVkM&t=18s
Please note that the information provided in this press release is based on the amendments to Article 8(23A) of the Income Tax Law in Cyprus up to publication date. Tax regulations may be subject to further changes, and individuals and businesses are advised to seek professional advice for their specific circumstances.
Globalserve Consultants Help Employers Navigate Maximum Insurable Amount Increase in 2023
May 02, 2023
Limassol, Cyprus: With the announcement of the Social Insurance Services of Cyprus that the annual maximum insurable amount for 2023 is increased to €60.060 from €58.080, employers must adjust their payroll systems to accommodate this change. Globalserve Consultants, a licensed accounting and corporate provider firm in Cyprus, can help employers ensure the accuracy of their payroll and social insurance contributions with this increase.
Recently passed reforms demand employers to modify their payroll systems for the new maximum insurable amount. Fortunately, Globalserve Consultants understand these transitions and are experts in streamlining a smooth and efficient payroll process. They recognize how critical it is to ensure that compliance safeguards both employers' interests and employees' rights regarding social insurance benefits.
Both monthly and weekly paid employees in Cyprus are affected by this change. Since the new legislation directly impacts these people, Globalserve Consultants embrace the responsibility of helping employers keep up with the changing legal landscape. Compliance with the law is key to the success of any business, and Globalserve Consultants have a well-earned reputation for their compliance expertise in Cyprus.
As part of the organization’s services, Globalserve Consultants will assist employers in calculating the exact amount of insurable earnings for each employee and advise on how to pay the increased contributions due. Without compromising accuracy in data management and payroll services, Globalserve Consultants is dedicated to resolving any changes and providing the most up-to-date advice on compliance with new regulations.
Employers who choose to work with Globalserve Consultants will reap the benefits of the organization's wide-ranging services, such as payroll processing, setting up and managing social insurance accounts, monthly calculations, preparation and distribution of annual IR63 to employees, and more. Furthermore, the organization offers various other services, such as tax and financial advice, corporate governance, and accounting services, that are tailored to the specific needs of each employer.
As a firm with tremendous experience and skill, Globalserve Consultants guarantees that employers stay compliant and protect the rights of their employees as they transition to the new maximum insurable amount increase in 2023. With credible advice from an experienced company like Globalserve Consultants, employers can advance confidently into this transformation phase.
About Globalserve Consultants
https://www.youtube.com/watch?v=w-Yz7pnsZmc
Globalserve Consultants is a licensed accounting and corporate provider firm in Cyprus. For over 20 years, the company has provided a wide range of services to the business community and established a well-earned reputation for excellence and professionalism. To learn more about Globalserve Consultants’ services, please visit the website at https://www.gstaxconsultants.com/.
Global Consultants Remind Cyprus Companies of their Obligation to File Audited Financial Statements until 2022
Apr 03, 2023
Limassol, Cyprus: Cyprus businesses, both active and dormant, must prepare and submit audited financial statements until the year 2022 or risk incurring penalties and fines—even closure. GlobalServe Consultants are premier accounting professionals in Cyprus who can help businesses stay compliant by preparing and submitting their financial statements on time.
Audited financial statement preparation is a critical aspect of any business operation. It is a reflection of the company’s performance and well-being that must be reviewed by an independent auditor in order to accurately assess the financial position of the company. One such auditor is GlobalServe Consultants, an esteemed group of accounting professionals in Cyprus with over 20 years of experience preparing and filing audited financial statements for businesses of all sizes.
The professionals at GlobalServe Consultants understand the importance of filing these financial statements on time and are urging Cyprus companies to submit their documents to both the Registrar of Companies and the Tax Authorities by 2022 in order to stay compliant and avoid any potential penalties or fines. By leveraging the team’s decades of expertise, businesses can rest assured that their financial statements will be prepared accurately and in accordance with Cyprus law.
For maintaining proper accounting books and records, supporting documents and information must be provided to GlobalServe Consultants. These include, but are not limited to, bank account statements, closing stocks, and invoices. Once the audit is completed, GlobalServe Consultants will submit the financial statement on behalf of the client and provide proof that the documents have been submitted correctly.
Furthermore, GlobalServe Consultants provide more than just financial statement preparation services; they also offer VAT and other tax filing services, as well as consultancy services tailored to their client’s unique business needs. Their knowledgeable staff can help businesses ensure that all their paperwork is filed accurately in order to avoid any potential delays or confusion on the part of the government.
Representing the best in professional accounting services, GlobalServe Consultants are trusted advisors to their clients. With an experienced team of professionals and their commitment to excellent service, GlobalServe Consultants can help businesses ensure that all their financial documents are filed correctly and on time—allowing them to focus on running the day-to-day operations of their business.
About GlobalServe Consultants
https://www.youtube.com/watch?v=w-Yz7pnsZmc
GlobalServe Consultants is a licensed accounting and corporate provider firm based in Limassol, Cyprus. With more than 20 years of experience, the firm provides a wide range of services, including audit and compliance, financial statement preparation and filing, VAT registration and filing services, and business consultancy services. For more information, visit their website at https://www.gstaxconsultants.com/.
Globalserve Consultants: Driving Successful Outcomes for Accounting and Corporate Solutions
Mar 06, 2023
Limassol, Cyprus: When the pandemic started to take hold of the world, business owners around the world faced an uncertain future. Companies had to adapt quickly and Globalserve Consultants, a leading provider of accounting and corporate solutions in Cyprus has been driving successful outcomes for its clients for over a decade. With a focus on delivering high-quality, tailored services, the company has become a trusted advisor to businesses of all sizes, helping them to achieve their financial and operational goals.
Since its inauguration in 1994, Globalserve has become an internationally-respected leader in financial management and international taxation. Testimony to the calibre of the firm's services is its membership in some of the most influential professional bodies for these sectors - such as the ICPAC, CCCI, STEP, and IFA. Even more impressive is Globalserve's presence in major international conferences, too, is a testament to its reputation as one of the go-to companies for specialist advice in those fields.
Globalserve Consultants provides a comprehensive suite of services for businesses of all sizes, allowing clients to take advantage of the company's expertise no matter what stage of growth they are at. From start-ups to established corporations, Globalserve specializes in giving clients access to accounting, financial reporting and preparation, auditing, and management consulting tools that can improve their operations. With such an extensive array of services, the company is better able to meet the needs and goals of its customers than other consultancies.
With a long list of satisfied clients, Globalserve Consultants has become a trusted name in the industry for providing personalized solutions that meet the unique needs of each business. Their team of talented professionals are well-versed in the complexities of international taxation and financial management, enabling them to provide innovative strategies that maximize cost savings and returns on investments rapidly.
In today's rapidly changing business environment, it is more important than ever for companies to have access to the right resources and expertise to stay ahead of the competition. With its commitment to delivering high-quality results and innovative solutions, Globalserve is well-positioned to help businesses succeed in the years to come.
About Globalserve Consultants:
Globalserve Consultants is a leading provider of accounting and corporate solutions in Cyprus, with over 25 years of experience in the industry. The company offers a comprehensive suite of services designed to meet the specific needs of its clients. Globalserve is committed to providing personalized solutions that exceed customer expectations, as well as staying abreast of the latest industry trends and best practices. For more information about the company, please visit www.gstaxconsultants.com.
https://www.youtube.com/watch?v=3Ovl8PKvVkM&t=18s
Globalserve Consultants Offers Services for Cyprus Trust and Trust Formation
Feb 07, 2023
Globalserve Consultants Ltd, a company based in Cyprus, is offering trust and trust formation services in Cyprus. A spokesperson for Globalserve says, “Our firm offers trust services, which include dealing with the Cyprus Trusts Beneficial Owners Registry (CyTBOR).” The Cyprus Securities and Exchange Commission (CySEC), in accordance with Article 61C(4)(a) of the Prevention and Suppression of Money Laundering Terrorist Financing Law of 2007, has established and maintains a Beneficial Ownership Register of Express Trusts and Similar Legal Arrangements (the Register), where information on express trusts, similar legal arrangements, and their beneficial owners is submitted. The CySEC has also developed a system known as the CyTBOR through which this Register is kept. Globalserve helps clients with the disclosure, registration, management, maintenance, and updating of information on the CyTBOR.
The trust formation and trustee services offered by Globalserve can help international businesses in having a complete Cyprus tax structure, which enables protection of assets and the straightforward and legal transfer of wealth to the successors based on the desires of the settlor without tax implications. In addition, they can also offer confidentiality and protect the continuation of the group’s operations by ensuring it is not disrupted or affected by the death of absence of the settlor. Their trust service is assured to be compliant with the trust law of Cyprus for the efficient planning of trust deeds and property for the beneficiaries of the settlor.
A spokesperson explains why business owners would want to register their trust fund in Cyprus, “Cypriot funds are able to combine transparency along with tax benefits for investors. The fund industry has experienced a significant growth during the past few years in Cyprus, establishing the island as one of the major fund jurisdictions in the EU. Cypriot professionals have developed their skills over the fund sector and are able to provide first class services to those interested in entering the fund industry. Along with the above factors, Cyprus can provide a number of significant benefits to the investors, making the country an attractive business destination. If you need more information, we urge you to get in touch with us on the phone or through email.”
There are various benefits provided by the establishment of a Cyprus trust fund. These include: lower set up and operational costs; harmonization with modern fund legislation; modern and transparent legal and regulatory framework; transparency and protection for investors; provision of quality services and support; and flexibility through various fund structures.
There are various tax benefits in Cyprus for the fund itself. There are tax exemptions from: capital gains tax from the sale of corporate titles and other financial instruments; capital gains tax from the sale of immovable property located outside of Cyprus; and dividends received. Cyprus also offers a low corporate tax at 12.5 percent and has double tax treaties with 60 countries. There is also notional interest deduction on new equity and interest received is taxed under corporation at 12.5 percent and not under special defence contribution at 30 percent. For foreign investors, there are also tax benefits, such as: no tax on redemption of unit by the unitholders; no withholding tax on dividends received from the fund; and no capital gains tax on disposal of units by unitholders, as long as there is no Cyprus real estate.
Established in 1994, Globalserve Consultants is a licensed corporate and accounting company, regulated by ICPAC in Cyprus. They provide a holistic range of accounting, legal, banking, tax, corporate and financial advisory services for international companies, businesses operating worldwide, and international investors. Their headquarters can be found in the island of Cyprus but they can also serve countries all over the globe through their partners. They are a member of the CCCI, ICPAC, IFA, and STEP, and they frequently take part in international conferences in international taxation and financial management.
https://www.youtube.com/watch?v=3Ovl8PKvVkM&t=18s
Those who want to know more about the Cyprus trust and trust formation services can visit the Globalserve Consultants website or contact them through the telephone or via email.
Globalserve Consultants Ltd Offers Corporate Banking Services In Cyprus
Jan 30, 2023
Globalserve Consultants, based in Cyprus, would like to reach out to companies that are looking for help with any and all matters relating to corporate banking. The firm helps clients open bank accounts in Cyprus, and their assistance extends well past this initial service. They work with international companies, individuals and more, simplifying the process of doing business for all their clients. The firm operates both in Cyprus and other countries. See more here: Corporate Banking Services Cyprus.
“In recent years, the financial system of Cyprus has introduced a lot of changes, making it easier for foreign investors to access the Cyprus market and benefit from local tax policy and other advantages offered by the Cyprus Financial system,” says Globalserve Consultants. “The Cyprus banks are experienced commercial banks which, unlike other international banks, welcome commercial banking and are efficient and experienced in the execution of commercial transactions. The most important advantage of opening a bank account in Cyprus is that the owner of the company does not need to travel to Cyprus for a personal appointment with the bank, and all documents can be submitted to the bank through our bank department. At the same time, investors can open bank account in any currency with cards and IBAN numbers without restrictions — they can enjoy high quality and fast electronic banking with 24/7 online banking services as well as SWIFT and SEPA international transfers.”
There are a number of reasons why a business might be interested in starting operations abroad, especially in Cyprus. Starting up a business fund in Cyprus offers investors access to a number of unique opportunities and advantages that other markets cannot match.
https://www.youtube.com/watch?v=3Ovl8PKvVkM&t=18s
It should be noted that the past few years have seen Cyprus become one of the top fund jurisdictions in the European Union. To keep up with this development, Cypriot professionals have developed their skills in order to ensure that they are able to provide first class service to anyone looking to enter the industry. The cost of setting up and operating in Cyprus is also significantly lower, making it an excellent place to set up a fund compared to other EU countries. The island also has a modern and transparent regulatory framework that is not excessively stringent.
Globalserve Consultants also provides a full range of company formation services in Cyprus. This includes company registration, incorporation and management of international companies. Their aim is to help offshore clients set up, meet their targets and meet all their business challenges. Successful business people become successful by thinking ahead and making the best decisions based on research, experience and entrepreneurial instinct. Cyprus has become an important business centre in Europe, and doing business on the island is now a worthwhile investment. Globalserve invites offshore clients to get in touch in order to learn more about investing in Cyprus. Contact the team here: Get In Touch With Us.
Regarding Cyprus’ position as an investment destination, Globalserve says, “There are several factors that make Cyprus such an inviting proposition. For those looking to Cyprus company formation from English speaking countries, the fact that English is widely spoken — and used within legal documentation — is a distinct advantage. At the same time, Russian is also found in the professional and the retail sector as well as in the financial and tourist sector. There are also some highly lucrative tax incentives for those building their business ventures in Cyprus, not least of which is the incredibly low rate of corporation tax, the most generous level of corporation tax in all of the European Union at just 12.5% as well the tax exemptions to capital gains and dividends received. Cyprus also maintains many double tax treaties, which naturally brings even more tax benefits to businesses. Additionally, Cyprus has an excellent legal system based on the Common Law System of UK and experienced, efficient commercial banking.”
For more information on Globalserve Consultants, visit their site here: Our Firm. They are one of the top corporate banking and company formation and management firms in the country, and they are always happy to help offshore clients set up and operate in Cyprus.
Consultancy Service Helps Companies Set Up Shop In Cyprus
Jan 17, 2023
Global Serve Consultants would like to reach out to companies that may be looking to start doing business in Cyprus. Global Service Consultants helps corporate entities and companies in various European countries expand into new markets, focusing on businesses in Cyprus in particular. The consultancy service has helped a number of businesses set up all over Europe, and their experience in this area makes them an excellent choice for those looking to enter new markets. GlobalServe can help with company registration, incorporation and management of international companies, among many other areas.
Successful business people become successful by thinking ahead, looking to the future, seeing opportunities and making the very best decisions based on research and their sharp entrepreneurial instincts. Many in this group find that their research and entrepreneurial instincts are leading them to Cyprus, an island which is rapidly becoming one of the major business centres in Europe. The island has seen a great deal of investment, and a number of companies have opened on the island in recent years.
Global Serve Consultants says, “There are several factors that make Cyprus such an inviting proposition. For those exploring Cyprus company formation from English speaking countries, the fact that English is widely spoken, and used within legal documentation, is a distinct advantage. At the same time, Russian is also found in professional and the retail sector as well as in financial and tourist sector. There are also some highly lucrative tax incentives for those building their business ventures in Cyprus, not least of which is the incredibly low rate of corporation tax, the most generous level of corporation tax in all of the European Union at just 12.5%, as well the tax exemptions to capital gains and dividends received. Cyprus also maintains many double tax treaties, which of course brings even more tax benefits to businesses. Additionally, Cyprus has an excellent legal system based on the Common Law System of UK and experienced, efficient commercial banking.”
Setting up a company in Cyprus is easier than one might imagine, especially with the help of a consultant like Global Serve. Global Serve has access to experts in Cypriot law, investments and all other aspects of company formation. Their team of highly skilled, experienced individuals are always on hand to provide advice regarding any and all aspects of opening and running a business in Cyprus. Global Serve’s knowledge and experience, combined with an extensive island-wide network guarantee that any company looking to start operations in Cyprus gets up and running quickly and smoothly. The company consultancy helps with applications, legal documentation and anything else their clients might need help with along the way.
“Our team is a dynamic group of high calibre, multilingual, accountants, lawyers, business and tax consultants who are committed to provide prompt, competent and high quality service, driven by our customer oriented strategy,” Global Serve says. “Their skills, knowledge and long experience in a wide range of businesses and regions, combined with their commitment and dedication and their immediate response, are the key factors which are appreciated by our clients.”
There are a number of reasons why companies choose to work with Global Serve. 24 years of experience, over 2000 happy clients, 100 high calibre professionals and over 30 international business centres are just some of the factors that set Global Serve apart from other consultancy services. Global Serve is one of the leading firms in their field and has been in business since the mid 90s. helping with international tax advisory services, the formation and management of international business companies in several countries and so on. They proudly offer a holistic range of services, all aimed at making the art of doing business internationally many times easier for every one of their clients.
Get in contact with Global Serve to learn more about opening a company in Cyprus or any of the other countries around the world where the team is active. Interested parties may also visit their website to learn more about the firm’s capabilities and how their services have benefitted other companies.
https://www.youtube.com/watch?v=JJ_5OPDGcBA&t=2s
Globalserve Consultants Provides Payroll and Social Insurance Services in Cyprus
Jan 12, 2023
Globalserve Consultants, a company based in Cyprus, is offering payroll and social insurance services to companies that have employees in Cyprus. And through its vast network of partners, it can also provide professional and quality corporate tax and accounting services across Europe, the countries of Eastern Mediterranean and the Gulf region, and in the CIS countries. The payroll processing services they can provide include: social insurance and income tax registration of the company; preparation of employment contract; monthly calculation of social insurance and payment as well as tax contributions to the authorities; social insurance and income tax registration for the new staff; payslips preparation for each person; obtaining a yellow slip for foreigners if required; monthly calculation and payment of salaries to the personal accounts of staff through e-banking; and preparation and distribution of annual payroll forms (IR63) to employees.
There are a number of Cypriot laws with regards to payroll that clients need to know about. First of all, social insurance is mandatory and covers all individuals who are gainfully employed in Cyprus. And the social insurance contributions are paid by the employee, the employer, and the state. Second, each worker is legally entitled to an yearly leave of 20 days. Third, social pension is a government pension that is available for women over the age of 63 and men over the age of 65. And the paid-out pension is based on the total contributions made by the individual. The Pay as You Earn (PAYE) system is followed and it is applicable to all wages, salaries, directors’ emolument, fringe benefits, and pensions. PAYE is applicable to all resident and non-resident workers in Cyprus. The difference is that resident employees are taxed on their worldwide income while non-resident workers are taxed on the income they are able to generate in Cyprus. The employee is obligated to pay such tax and the employer deducts it at the source each month.
The company provides tax planning and consultancy services in Cyprus to help businesses with their tax compliance, including tax advisory services, resolution of tax issues, preparation of tax returns, payment of tax, auditing of tax returns, and more. In addition, they are offering their services to businessmen and investors who are establishing international business companies as capital movements are becoming mobile and barriers to foreign investments are disappearing due to the globalization of the economy and the growth of trade activity and investments.
Globalserve Consultants also offers company formation services in Cyprus. This includes company incorporation, company registration, and management of international companies as well as tax, legal, financial, and banking support, for the purpose of helping offshore clients set up substance, meet their targets, and successfully resolve business challenges. Cyprus is becoming popular as a major business centre in Europe, which has resulted in a recent increase in investments and company formations on the island. There are many factors that make Cyprus an attractive place for establishing a company. For those who come from English speaking countries, English is widely spoken in Cyprus and English is used within legal documentation. Also, Russian can also be found in the professional and retail industries, including in the financial and tourist industries. Cyprus also has high tax incentives for those who establish their business ventures in the country, including the very low rate of corporation tax of only 12.5 percent, including the tax exemptions to the capital gains and dividends received.
Founded in 1994, Globalserve Consultants is a licensed corporate and accounting company, regulated by ICPAC in Cyprus. They offer a holistic range of accounting, tax, legal, banking, corporate and financial advisory services for international companies, international investors, and businesses operating worldwide. Their headquarters are located in the island of Cyprus but they are also able to serve various countries around the world through their partners. They are a member of the ICPAC, CCCI, STEP, IFA, and often take part in international conferences in financial management and international taxation.
When in need of services for accounting and payroll Cyprus companies and those in other countries can check out the Globalserve Consultants website or contact them on the phone or through email.
Holistic Accounting Service Available In Cyprus
Jan 12, 2023
Limassol, Cyprus based Globalserve Consultants Ltd is reaching out to share information about their Cyprus accounting service. Globalserve Consultants Ltd has proven itself as a provider of holistic consultancy services to local companies as well as international companies in over 30 jurisdictions.
A representative for Globalserve Consultants Ltd says, “There are many reasons why Cyprus can provide a number of significant benefits to the investors, and this has made the country a very attractive business destination for business owners all over the world. Whether you are a local Cypriot company or an international business owner planning on starting a business in Cypress, however, there is much you need to know about VAT and tax liabilities in Cyprus. This also extends to their associated services.”
The company is one of Limassol's leading multidisciplinary accounting firms. They boast a team of professional and qualified accountants who are able to offer business accounting services, bookkeeping services, accounting tax, preparation of financial statements, accounting financial management, VAT, company audit, accounting payroll and any other kind of tax planning and consultancy services to Cyprus companies and individuals as well as international clients.
In coordination with auditors and tax advisors, the experienced team of accountants at Globalserve Consultants Ltd can advise and assist business owners in their accounting, financial, VAT, and tax obligations, providing professional support for Cyprus, UK and other international business companies (British Virgin Islands, Belize, United Arab Emirates, Seychelles, Panama, Malta, Hong Kong and so on). The company says that the exact nature of the services that are necessary for a business in Cyprus can depend on whether the business is based locally or otherwise. They can also depend on which country the business originates from. No matter the nature of services needed, Globalserve Consultants Ltd assures that they can provide.
The company’s representative says, “When you work with us, you will be working with a dedicated and dynamic team of high caliber, multilingual, accountants, lawyers, business and tax consultants who are committed to provide prompt, competent and high quality service, driven by our customer oriented strategy. Their skills, knowledge and long experience in a wide range of businesses and regions, combined with their commitment and dedication and their immediate response are the key factors which are appreciated by our clients. Our clients are a critical part of our success, and our team is here to help you with whatever service you might need. It is our pleasure to ensure that you walk away completely satisfied.”
The quality of services provided by Globalserve Consultants has made them a popular company, with many reviews praising their excellent work and dedication. M. Miller writes in a 5-Star Google review, “Our company has been working with them for many years. They are one of the best in this country.”
Another review from I. Avdeeva says that the company provides a, “Quick and professional service! Having worked with Globalserve for more than 10 years and can confirm that this company is the best in Cyprus. I would recommend it to everyone. Mrs. Phani and her team are going to find the best solutions for your business!”
Globalserve Consultants Ltd is a licensed accounting and corporate provider firm, regulated by ICPAC in Cyprus with license number E495/F/2013. It is one of the leading firms in this sector in Cyprus and has been in business since 1994. They engage in international tax advisory services, formation and management of international business companies (including Cyprus, UAE, UK, Maltese, Dutch, Hong Kong, Singapore, Swiss, Luxemburg, Bulgarian the classical offshore and other International Business Companies), and they are incorporated in more than 30 international business centers.
Those who want to learn more about Globalserve Consultants Ltd and wide their range of services or are simply looking for VAT and accounting services in Cyprus and other international businesses should visit their official website for more information. Globalserve Consultants Ltd encourages interested parties to get in touch with their office via phone or email for any questions, concerns or clarifications. Globalserve Consultants Ltd also maintains a social media presence on Facebook and LinkedIn.
Limassol Company Has Established a Reputation for Being a Top Cyprus Tax Planning and Consultancy Service
Dec 12, 2022
Limassol, Cyprus-based Globalserve Consultants Ltd is a company that provides a wide variety of business and other financial consultancy services. The company has established such a reputation for doing quality work that they are often the first choice for Cypriots and ex-pats when it comes to the consultancy services it offers. This includes accounting, tax, legal, investment, banking, and corporate financial advisory services along with many other services that are important to the international business community.
A representative of the company says, “We at Globalserve Consultants are a licensed accounting and corporate provider firm, regulated by ICPAC in Cyprus. Our company is recognized as one of the leading firms in this sector in Cyprus ever since the business was established in 1994. The Globalserve team is actively engaged in international tax consultant services and the formation and management of international business companies. This includes Cyprus, UAE, UK, Maltese, Dutch, Hong Kong, Singapore, Swiss, Luxemburg, and Bulgarian-based companies.”
The company representative went on talk about why professional tax consultancy services are so important for businesses operating in Cyprus; especially those that are conducting business internationally. While individual businesses may have a competent accounting team working for them, they often don’t know all the lesser-known and hard-to-understand tax rules, regulations, and exemptions that apply to businesses in the nation and even more so for businesses operating internationally. He says this is where Globalserve Consultants can play a huge role for any Cyprus or international-based business that requests their help. The growing trend for the globalization of economies, mobile capital movements, and the lessening of barriers to foreign investment has created the need for experienced and sound tax planning advice. He added this is because along with the increased opportunities that cross-border business activities offer, this also brings with it many more tax regulations that need to be followed and increased risk. The businesses that request their assistance stand a better chance of being fully compliant with local and international tax laws and therefore can operate with much less worry.
Globalserve Consultants representative also wanted to point out that they do much more than just offer sound local and international tax planning and advice. This includes the wide range of other financial and accounting services that they can help businesses and individuals with. A list that includes the incorporation and administration of companies, banking services including the opening and operation of bank accounts, and the formation of trusts and foundations. He stated that they also handle M & A transactions, mergers, re-domiciliations, VAT affairs, payroll & social insurance services, and the preparation of financial statements. It was also acknowledged that the demand for their Cyprus-based financial and tax services has steadily increased for several reasons. Most of this has to do with the wide use of English in the country, Cyprus’ modern and transparent legal and regulatory framework, and the lower setup and operational costs in the country when compared to the largest EU fund hubs such as Luxenberg and Ireland.
https://www.youtube.com/watch?v=w-Yz7pnsZmc
Those that have used Globalserve’s tax planning and consultancy services often leave very complimentary reviews regarding the assistance they have received. Irina Avdeeva proclaimed, “Quick and professional service! By working with Globalserve for more than 10 years I can confirm that this company is the best in Cyprus. I would recommend it to everyone. Mrs. Phani and her team are definitely going to find you the best tax solutions for your business!” Xenia Lasonos stated, “You are the best team in Cyprus at what you do. Thanks for the quick and professional service. congratulations Globalserve!” Businesses of all sizes that would like more information on the tax consultancy and other Cyprus and international financial services this company offers can refer to the Globalserve Consultant’s website. As a bonus, Globalserve Consultants Ltd has also become a leading company when it comes to helping with Cyprus immigration service regulations and compliance. Something that has taken on more significance as the country continues to trend toward being a top relocation destination for many Expats.
Get To Know Globalserve Consultants - A Proven Leader in Cyprus Company Formation
Nov 14, 2022
Limassol, Cyprus: When it comes to company formation, there are several different factors to consider. No two countries are the same, and each has its own benefits and drawbacks when starting a business. For entrepreneurs who want to get ahead of the competition, thinking outside the box is essential – and that's why Cyprus company formation should be on international businessmen’s radar. Globalserve Consultants is a leading firm specializing in Cyprus company formation for over two decades, and they know the ins and outs of this challenging process.
Cyprus is an excellent place to do business for many reasons. The local infrastructure makes it easy and efficient, while the low taxes help keep costs down. Furthermore, as a member of the European Union, businesses have a larger potential customer base. But company formation is not without its challenges, especially if owners are thinking about launching one in a country where they are unfamiliar with the language or the legal and taxation system.
The legal system of Cyprus is based on the Common Law of the UK, with some modifications to take into account the unique circumstances of the island. Globalserve Consultants firm has a deep understanding of Cyprus’ legal system. Their team of multilingual professionals can help business owners navigate the process of company formation without any stressful surprises.
Choosing the right business structure will have a significant impact on the way a business is taxed, and it can also affect its liability in case of legal problems. Taking into account the specific goals and needs of their client's businesses, the team at Globalserve Consultants can help them choose the proper structure for their companies.
The firm also offers a full range of services to help businesses get started on the right foot. This includes assistance with getting the necessary permits and licenses, opening a bank account, and even finding office space. In other words, they can take care of everything so clients can focus on running their businesses.
Time is money when one is starting a business. Thus working with a firm like Globalserve Consultants can make all the difference. With a team of experienced professionals dedicated to helping companies succeed, they can take care of all the details so that businessmen can focus on what's important – growing their operations. So far, Globalserve has helped countless entrepreneurs successfully navigate the process of Cyprus company formation.
About Globalserve Consultants:
https://www.youtube.com/watch?v=JJ_5OPDGcBA&t=1s
Globalserve Consultants is a leading licensed accounting and corporate provider firm specializing in Cyprus company formation for over two decades. They also offer international tax advisory services and management of global companies in Cyprus, UAE, UK, Malta, The Netherlands, Hong Kong, Singapore, Switzerland, Luxemburg, Bulgaria, and more countries.
Globalserve Consultants: The Leader in Tax Advisory & Company Formation Services in Cyprus
Sep 20, 2022
Limassol, Cyprus: As businesses expand their operations into new markets, they are increasingly faced with the challenges of complying with an ever-changing and complex web of international tax laws. To facilitate the process, Globalserve Consultants provides tax and financial advisory services to help companies navigate the complex global corporate and taxation landscape.
Today’s business transactions have been more intricate. The international business environment has become more complicated with the advent of new technologies, the rise of e-commerce and the digitalization of businesses. This has given way to new business models and strategies, which in turn has made it difficult for companies to keep up with the changes in legislation.
The importance of having a good understanding of the tax regulations in each country is crucial for businesses to ensure they are compliant with the law. Globalserve Consultants is a leading trusted partner in Cyprus for all things taxation and finance, providing expert advice and guidance to businesses to ensure they are compliant with the latest legislation.
Comprehensive services offered by the company include preparing tax returns, solving tax issues, auditing tax returns, paying taxes and more. Through their large network of contacts, they are able to obtain the latest information on tax changes and developments which allows them to provide timely advice to their clients across the globe.
Minimizing the tax burden of businesses is a key objective of Globalserve Consultants. The company takes a proactive approach to identify opportunities and strategies that can help businesses save on their taxes. By structuring businesses in the most efficient way, they are able to minimize their clients’ taxes paid and maximize their returns.
The company also provides corporate financial advisory services. This includes assisting businesses in raising capital, preparing financial statements, forecasting cash flow and more. Their team of financial experts work closely with businesses to understand their specific needs and goals in order to provide tailored solutions that will help them achieve their desired results.
Cyprus, EU, non-EU and offshore companies can choose to partner with Globeserve Consultants. With more than 20 years of experience in tax planning and consultancy, they are the ideal partner to help businesses navigate the complex world of international taxation and accounting.
About Globalserve Consultants:
https://www.youtube.com/watch?v=3Ovl8PKvVkM
Globalserve Consultants is a leading provider of advisory services in Cyprus and abroad. Its main activities involve international tax planning, corporate and trust services, formation of Trusts and Foundations, registration and management of Cyprus companies, as well as companies from a variety of over 25 jurisdictions. tax advisory. The company has had a presence in more than 25 countries since 1994. For more information, visit their website at https://www.gstaxconsultants.com/.
Globalserve Consultants - Engaged in Setting up Businesses Across the Globe
Sep 01, 2022
Limassol, Cyprus: As globalization increases and businesses look to expand their reach into other countries, they are often met with differing laws and regulations across borders. This can make it difficult for companies to navigate the complex web of red tape put in place by different governments around the world. Globalserve Consultants, a licensed accounting and corporate provider firm in Cyprus, steps in to offer a solution for businesses seeking to set up shop in a foreign country.
Engaged in business activities across the globe since 1994, the company has a wealth of experience in assisting clients with the establishment of their businesses in Cyprus and beyond. Being incorporated in more than 30 international business centres, the company has a strong international presence and can offer comprehensive services to clients looking to set up companies in multiple jurisdictions.
Complex cross-border transactions are made simple with the help of Globalserve Consultants. The company has been able to provide valuable advice and support in all areas of business from taxation and accounting to financial planning and corporate structuring. As well as, immigration assistance, trust and trustee services, and bank account opening with the professional support of the company’s team of experts.
Confidence is key when deciding to expand one's business into new territory. With this in mind, Globalserve Consultants only employs high-calibre professionals who are experts in their respective fields. Speaking in multi-languages, the team at Globalserve can offer bespoke services that are tailored to the specific needs of each client. This personalised approach has led to the company becoming a trusted partner for businesses looking to set up or expand their operations inside or outside of Cyprus.
Being a member of several prestigious organizations including the ICPAC, CCCI, STEP, and IFA, and participating in numerous international conferences; Globalserve Consultants is committed to remaining at the forefront of innovation within the industry. Their clients have come to rely on their expertise for critical projects around the world which has solidified them as a premier global player.
With an extensive network of partners and associates and being affiliated with the legal firm Kyriakos Antoniou and Associates LLC, one of the oldest and largest law firms in Cyprus, Globalserve Consultants is able to offer a complete package of services to clients looking to set up businesses across the globe.
About Globalserve Consultants:
https://www.youtube.com/watch?v=w-Yz7pnsZmc
Globalserve Consultants is a leading provider of accounting, corporate, and taxation services. With over two decades of experience in the industry, the company has a wealth of knowledge in assisting clients with the establishment of their businesses in Cyprus and beyond. For more information about Globalserve Consultants, please visit their website at https://www.gstaxconsultants.com/.