Independent assurance that strengthens trust and supports better decisions.
Audit & Assurance
Building Trust and Safeguarding Financial Integrity
In today’s dynamic business environment, financial transparency is more than a regulatory obligation – it is the cornerstone of stakeholder confidence. An independent audit provides investors, lenders, regulators, and other stakeholders with assurance that your financial statements are accurate, reliable, and prepared in accordance with applicable standards.
At Auditit, our Audit & Assurance services go beyond meeting compliance requirements. We deliver independent, high-quality audits while providing valuable insights into your financial reporting, risk management, and internal control environment. Our objective is to help strengthen your organisation’s credibility, support informed decision-making, and foster sustainable growth.
What We Offer
Statutory Audits / Reviews
Independent audits or statutory reviews conducted in full compliance with the Cyprus Companies Law and applicable regulatory requirements.
IFRS Reporting
Audits and assurance engagements performed in accordance with International Financial Reporting Standards (IFRS).
ISA Methodology
A robust and consistent audit approach based on International Standards on Auditing (ISA).
Internal Control Reviews
Evaluation of internal control systems with practical recommendations to enhance governance, efficiency, and risk management.
Special Purpose Audits
Tailored audit and assurance engagements for mergers, acquisitions, due diligence, regulatory requirements, and other specific business needs.
Our Philosophy
A Trusted Business Partner
We believe an audit should be a collaborative process. Through open communication and a client-focused approach, we work closely with your team to ensure an efficient audit experience with minimal disruption to your day-to-day operations.
Insight Beyond Compliance
Our audit process is designed not only to verify financial information but also to identify opportunities for improvement, highlight emerging risks, and provide practical recommendations that add value to your business.
Integrity and Independence
Trust is built on objectivity. We maintain the highest standards of professional independence and ethical conduct, delivering audit opinions that stakeholders can rely upon with confidence.
Commitment to Quality
We are dedicated to providing thorough, accurate, and timely audit services, ensuring compliance with professional standards while supporting your long-term business objectives.
/ TAX & INCENTIVES
Strategic tax guidance and specialist incentives aligned with sustainable growth.
Tax Advisory & Compliance
Strategic Solutions for Sustainable Growth
Navigating today’s increasingly complex tax environment requires more than simply meeting filing deadlines. For businesses and individuals alike, maintaining compliance while achieving tax efficiency demands a proactive, informed, and strategic approach.
At Auditit, our services are designed to help clients optimise their tax position while remaining fully compliant with Cyprus tax legislation and international regulations. We stay ahead of legislative developments, identify planning opportunities, and provide tailored solutions that support both your immediate needs and long-term financial objectives.
Our Core Tax Services
Corporate Tax Planning
Strategic tax planning to maximise efficiency through appropriate structuring, utilisation of deductible expenses, and available incentives, including the Notional Interest Deduction (NID).
Personal Tax Advisory
Guidance on Cyprus tax residency under the 183-day or 60-day rule, as well as planning opportunities related to Non-Dom status and other personal tax benefits.
Capital Gains Tax Advisory
Advice on the tax implications of disposals of Cyprus immovable property and shares in companies that own Cyprus immovable property, ensuring compliance and efficient tax outcomes.
VAT & Indirect Tax Services
VAT registration, compliance, reporting, and advisory support for domestic and cross-border transactions.
International Tax Planning
Optimising cross-border structures and transactions by leveraging Cyprus’s extensive network of double tax treaties and international tax frameworks.
Wealth & Estate Planning
Structuring personal and family affairs to benefit from Cyprus’s favourable tax environment, including the absence of wealth, inheritance, and estate taxes.
Our Tax Advisory Philosophy
Proactive, Not Reactive
Effective tax planning begins before obligations arise. By monitoring legislative developments and identifying opportunities early, we help clients improve tax efficiency, protect wealth and make confident long-term decisions.
Integrated Tax Strategy
Tax considerations rarely exist in isolation. We take a holistic view of corporate, personal and international tax matters to develop cohesive, value-driven strategies aligned with your broader financial and business goals.
Access to Specialist Expertise
Through collaboration with leading legal, regulatory and tax professionals, we provide coordinated expertise and practical solutions tailored to complex local and international tax scenarios.
Compliance with Confidence
Robust compliance procedures and close attention to detail help ensure statutory obligations are met accurately and on time, reducing exposure to penalties, disputes and unnecessary risk.
Cyprus IP Box Regime
Reduce the Effective Tax Rate on Qualifying IP Income to as Low as 3%
For innovative businesses, intellectual property is often the most valuable asset they own. Whether you develop software, proprietary technology, patented products, or other qualifying intangible assets, the way your intellectual property is structured can have a significant impact on your overall tax efficiency.
The Cyprus IP Box Regime is widely recognised as one of Europe's most attractive tax incentives for innovation. Designed to encourage research, development, and the commercialisation of intellectual property, the regime allows qualifying businesses to benefit from a substantial tax deduction on eligible IP income, potentially reducing the effective tax rate to as low as 3%.
At Auditit, we provide specialised advisory services to help businesses assess eligibility, structure their intellectual property efficiently, and maximise the benefits available under the Cyprus IP Box framework.
How the Cyprus IP Box Regime Works
The regime provides favourable tax treatment for profits generated from qualifying intellectual property assets.
Qualifying Intellectual Property
Includes patents, copyrighted software, utility models, and certain other qualifying intangible assets.
80% Deemed Deduction
Up to 80% of qualifying profits generated from eligible IP may be treated as a tax-deductible expense.
Reduced Effective Tax Rate
The combined effect can reduce the effective tax rate on qualifying IP income to approximately 3%.
OECD-Compliant Framework
The regime follows the internationally recognised Nexus Approach, ensuring alignment with OECD and EU standards.
Innovation Incentive
Encourages the development, ownership, and exploitation of intellectual property through Cyprus-based structures.
Our IP Box Advisory Services
We provide comprehensive support throughout the entire process, from initial assessment to ongoing compliance.
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IP Eligibility Assessment
We conduct a thorough assessment of your intellectual property portfolio to determine which assets qualify under the Cyprus IP Box Regime and identify potential opportunities for optimisation.
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Corporate Structuring Advice
Our team advises on the most effective ownership and operational structures for holding, developing, and commercialising intellectual property through Cyprus.
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Nexus Analysis & Profit Calculation
The calculation of qualifying IP profits requires application of the OECD Nexus Approach. We assist in determining the eligible income, qualifying expenditure, and the resulting tax benefits available under the regime.
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Tax Planning & Optimisation
We develop tailored strategies designed to maximise the benefit of the available incentives while ensuring the structure remains commercially practical and fully compliant.
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Compliance & Reporting Support
Ongoing compliance is essential to maintaining access to the regime's benefits. We provide support with tax filings, documentation requirements, and reporting obligations.
/ CORPORATE SERVICES
Strong structures, credible substance and reliable ongoing support.
Company Formation & Corporate Administration
Your Gateway to the EU Market
Establishing a company in Cyprus offers businesses a compelling combination of strategic location, EU membership, and a highly competitive corporate tax framework. With a 15% corporate income tax rate and a legal system rooted in English common law principles, Cyprus remains a preferred jurisdiction for holding companies, international trading businesses, investment structures, and professional service providers.
At Auditit, we work alongside a trusted network of licensed legal and corporate service professionals to deliver seamless company formation and administration solutions. Acting as your advisors and coordinators throughout the process, we ensure your business is established efficiently, structured appropriately, and maintained in full compliance with local regulatory requirements.
Why Establish a Company in Cyprus?
15% Corporate Tax Rate
One of the most competitive corporate tax rates in the European Union, applicable to companies managed and controlled from Cyprus.
Dividend Participation Exemption
Foreign dividend income may qualify for exemption, subject to the applicable provisions of Cyprus tax legislation.
Extensive Double Tax Treaty Network
Access to a wide network of tax treaties designed to reduce double taxation and facilitate cross-border business activities.
Notional Interest Deduction (NID) Incentive
A valuable tax incentive that allows eligible companies to claim a deduction on qualifying new equity introduced into the business.
EU Jurisdiction
The benefits of operating within a respected European Union member state with a stable legal and regulatory framework.
Business-Friendly Environment
Efficient incorporation procedures, a skilled professional services sector, and strong international business credentials.
Our End-to-End Company Formation Process
Through our network of licensed associates, we manage every stage of the incorporation process, providing a straightforward and efficient experience.
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Company Name Approval
We coordinate the availability check and reservation of your proposed company name with the Cyprus Registrar of Companies.
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Preparation of Legal Documentation
Our licensed associates prepare the Memorandum and Articles of Association, ensuring the company structure aligns with your business objectives.
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Incorporation & Registration
All required documentation is submitted to the relevant authorities for the official incorporation of your company.
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Corporate Documentation Package
Following incorporation, we provide a complete corporate file including the Certificate of Incorporation, Certificates of Directors and Shareholders, Registered Office Certificate, and other official documentation.
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Tax & VAT Registration
We coordinate registrations with the Cyprus Tax Department and arrange VAT registration where required.
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Bank Account Opening Assistance
We support the corporate bank account opening process in Cyprus or other suitable jurisdictions, subject to the bank’s due diligence and approval procedures.
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Ongoing Compliance & Administration
Our support extends beyond incorporation, assisting with accounting, tax compliance, statutory reporting, payroll, and corporate administration requirements.
Our Philosophy
Strategic Structuring from Day One
Successful businesses begin with the right foundation. We help ensure your corporate structure aligns with your commercial objectives, tax considerations, and future growth plans.
A Seamless Incorporation Experience
By coordinating with trusted legal and corporate specialists on your behalf, we simplify the incorporation process and reduce administrative complexity.
Compliance at Every Stage
Our team ensures that key tax, regulatory, and corporate obligations are addressed from the outset, helping your business operate with confidence.
Long-Term Business Support
Our relationship does not end upon incorporation. We provide ongoing professional services designed to support your company’s growth and operational success.
Who Can Benefit from a Cyprus Company?
∙ International Businesses seeking an efficient and reputable EU base for regional or global operations.
∙ Holding Companies managing international investments and subsidiary structures.
∙ Technology & E-Commerce Businesses expanding into European and international markets.
∙ Consultancy & Professional Service Firms delivering cross-border services.
∙ Investment and Trading Companies looking for a stable and tax-efficient jurisdiction.
∙ Entrepreneurs and Startups seeking a business-friendly environment with access to European markets.
Corporate Economic Substance
Strengthening and Protecting Your Cyprus Tax Residency
In today’s international tax environment, establishing a company is only part of the equation. Tax authorities and regulatory bodies increasingly expect businesses to demonstrate genuine economic substance in the jurisdiction where they claim tax residency. For Cyprus companies, the ability to prove that management and control are exercised locally is essential to maintaining tax residency and preserving access to the benefits of the Cyprus tax framework.
At Auditit, we help businesses establish, maintain, and demonstrate the level of economic substance required under current regulatory expectations. Through practical advisory services and ongoing support, we assist clients in building a credible and sustainable presence in Cyprus, safeguarding their corporate structure and long-term tax position.
What Is Corporate Economic Substance?
Economic substance refers to the genuine operational presence and management activities of a company within its jurisdiction of tax residency. It requires businesses to demonstrate that key decisions, strategic direction, and core income-generating activities are carried out where the company claims to be tax resident.
Key indicators of economic substance typically include:
∙ A physical office or business premises in Cyprus.
∙ Qualified personnel based and operating in Cyprus.
∙ Strategic and management decisions being made locally.
∙ Board meetings held and documented in Cyprus.
∙ Adequate operational expenditure incurred within Cyprus.
∙ Evidence of genuine business activities and oversight conducted from Cyprus.
How We Help Establish and Maintain Substance
We provide a comprehensive range of support services designed to help businesses meet economic substance requirements and strengthen their Cyprus presence.
Physical Office
Assistance in securing and maintaining suitable office facilities in Cyprus.
Cyprus-Resident Directors
Coordination with qualified professionals to ensure local governance and decision-making requirements.
Local Personnel & Payroll Support
Assistance with recruitment, payroll administration, and employment-related compliance to support genuine operational activity.
Corporate Governance
Guidance on conducting board meetings in Cyprus, maintaining proper records, and documenting strategic decisions.
Compliance Monitoring
Ongoing review and support to help ensure continued alignment with evolving substance and tax residency requirements.
Business Support Services
Access to accounting, tax, administrative, and corporate services that reinforce the company's operational footprint in Cyprus.
Our Philosophy
Building Substance with Purpose
Economic substance should not be treated as a box-ticking exercise. We help businesses create structures that are commercially practical, operationally effective, and capable of withstanding regulatory scrutiny.
Protecting Your Tax Residency
A company's tax residency status is one of its most valuable assets. Our objective is to help clients establish and maintain the necessary evidence that management and control are genuinely exercised in Cyprus.
Practical and Sustainable Solutions
Every business has unique operational requirements. We provide tailored recommendations that balance compliance obligations with practical business considerations.
Keeping Pace with Regulatory Change
International tax standards continue to evolve. We monitor developments and provide proactive guidance to help clients adapt to changing expectations and maintain ongoing compliance.
/ RELOCATION & RESIDENCY
Coordinated support for moving, working and establishing tax residency in Cyprus.
Relocation & Migration Services
Making Your Move to Cyprus Simple and Stress-Free
Relocating to a new country presents exciting opportunities, but it also involves navigating complex immigration, residency, employment, and administrative requirements. Whether you are moving as an individual, relocating your family, or transferring employees as part of a corporate expansion, expert guidance can make the transition significantly smoother.
At Auditit, we provide comprehensive relocation and migration support services designed to help individuals, families, entrepreneurs, and businesses establish themselves in Cyprus with confidence. From residency and work permits to ongoing practical assistance, our team manages the process efficiently, allowing you to focus on your new opportunities and future plans.
Our Relocation & Migration Services
We provide practical, end-to-end assistance throughout every stage of the relocation journey.
Residency Permits
Preparation, coordination, and submission of residency permit applications for eligible individuals and family members.
Working Permits
Support for businesses and individuals in obtaining the necessary employment and work authorisations.
Family Relocation & Reunification
Guidance on relocating spouses, children, and dependants to Cyprus.
Corporate Employee Relocations
Support for companies transferring executives, specialists, and key personnel to Cyprus.
Tax Residency Planning
Advice on establishing Cyprus tax residency and understanding the associated tax implications and benefits.
Post-Arrival Support
Assistance with practical administrative matters to help clients settle into life and business in Cyprus.
Minds in Cyprus (Brain Gain Initiative)
As part of its commitment to attracting global talent and reversing the brain drain, the Cyprus Government introduced the “Minds in Cyprus” initiative, effective from 1 January 2025. The programme offers enhanced tax benefits to eligible professionals, entrepreneurs, and returning Cypriots, creating compelling opportunities for individuals seeking to relocate to Cyprus and contribute to its growing economy.
Key Benefits for Eligible Professionals
25% Tax Exemption
Eligible individuals may benefit from a tax exemption on qualifying employment or self-employment income, subject to the relevant legislative conditions.
€25,000 Annual Cap
This is the maximum exemption amount per year.
Reduced Absence Requirement (7 Year Absence Rule)
More flexible eligibility criteria for individuals returning to Cyprus as the required period of absence from Cyprus before applying has been reduced from 15 years to 7 years.
Self-Employed Inclusion
The eligibility has been extended in order for self-employed professionals to benefit from the available incentive schemes, alongside employees.
Extended Benefit Period
Qualifying individuals may enjoy the available tax advantages for seven consecutive tax years.
Cyprus Non-Domicile Status
A Highly Attractive Personal Tax Framework
For international entrepreneurs, investors, and globally mobile professionals, Cyprus offers one of Europe's most attractive personal tax regimes through its Non-Domicile (Non-Dom) Status. This highly advantageous framework allows eligible individuals to become Cyprus tax residents while benefiting from significant exemptions on certain types of investment income, creating exceptional opportunities for wealth preservation and tax efficiency.
At Auditit, we provide tailored, discreet, and expert guidance to help individuals establish Cyprus tax residency, secure Non-Dom status, and structure their affairs in a fully compliant and tax-efficient manner. Our goal is to help you maximise the benefits available under the Cyprus tax system while supporting your long-term financial objectives.
The Cyprus Non-Dom Advantage
The Cyprus Non-Dom regime offers substantial benefits for individuals with international investment and business interests.
0% SDC on Dividends
Non-Dom individuals are exempt from Special Defence Contribution (SDC) on dividend income (local and international).
0% SDC on Interest Income and Rental Income
Qualifying interest income and rental income may also benefit from exemption from SDC.
Flexible Tax Residency Rules
Cyprus tax residency can be established under either the 183-day rule or the more flexible 60-day rule, subject to meeting the relevant conditions.
Who Can Benefit from Non-Dom Status?
The Cyprus Non-Dom regime is particularly attractive to individuals with international income streams and global business interests. Our advisory services are ideally suited for:
∙ International Entrepreneurs with ownership interests in overseas businesses and dividend-generating structures.
∙ High-Net-Worth Individuals (HNWIs) seeking efficient management of global investment income.
∙ Investors holding diversified international portfolios.
∙ Retirees relying on investment income, pension income, and accumulated wealth.
∙ Digital Nomads and Consultants looking for a tax-efficient European base.
∙ Families focused on preserving and growing wealth for future generations.
∙ Senior Executives and Business Owners relocating to Cyprus for personal or professional reasons.
Our Approach
We provide comprehensive support throughout every stage of the process.
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Personal Eligibility Assessment
We conduct a thorough assessment of your residency history, domicile status, income sources, and personal circumstances to determine eligibility and identify planning opportunities.
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Tax Residency Planning
Our specialists advise on the most appropriate route to Cyprus tax residency, whether under the 183-day rule or the 60-day rule, ensuring all requirements are satisfied.
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Strategic Structuring Advice
We help structure your personal and investment affairs in a manner that maximises the benefits of the Non-Dom regime while maintaining full compliance with applicable tax regulations.
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Application Process Management
We assist with the preparation and submission of the required documentation and coordinate the application process with the relevant Cyprus authorities.
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Ongoing Compliance & Support
Our relationship continues beyond the initial setup, providing annual tax compliance, residency monitoring, and ongoing advisory services to ensure your status remains secure.
/ CFO AS A SERVICE
Senior financial expertise on a flexible and scalable basis.
CFO as a Service (CFOaaS)
Strategic Financial Leadership Without the Cost of a Full-Time CFO
As businesses grow, financial management becomes increasingly complex. Business owners often need access to experienced financial leadership to support decision-making, improve performance, manage cash flow, and drive sustainable growth. However, hiring a full-time Chief Financial Officer is not always practical or cost-effective.
At Auditit, our CFO as a Service (CFOaaS) offering provides businesses with access to senior financial expertise on a flexible and scalable basis. Acting as a strategic partner to management and shareholders, we help transform financial information into actionable insights, strengthen financial controls, improve profitability, and support long-term business objectives.
Our CFOaaS Solutions
Financial Strategy & Planning
Development of financial strategies aligned with business objectives, growth plans, and shareholder expectations.
Budgeting & Forecasting
Preparation and monitoring of budgets, financial forecasts, and cash flow projections to support informed decision-making.
Management Reporting
Design and implementation of meaningful management reporting and key performance indicators (KPIs) tailored to your business.
Cash Flow & Working Capital Management
Assistance in optimising liquidity, managing working capital requirements, and improving cash flow visibility.
Board & Management Support
Participation in management and board meetings, providing financial insight and strategic recommendations.
Banking & Financing Support
Assistance with banking relationships, financing applications, business plans, and negotiations with lenders and investors.
Financial Controls & Governance
Review and enhancement of internal controls, financial processes, and governance frameworks.
Business Performance Improvement
Analysis of profitability, cost structures, operational performance, and opportunities for business optimisation.
Mergers, Acquisitions & Transactions
Strategic financial support during acquisitions, disposals, restructurings, and investment transactions.
Our Philosophy
Strategic Insight, Practical Solutions
We focus on delivering commercially relevant advice that supports informed decision-making and creates tangible value for your business.
A Trusted Partner to Management
We work closely with business owners, directors, and management teams, providing objective financial insight and an independent perspective on key business decisions.
Scalable Expertise
Whether your business requires regular financial leadership, project-based support, or interim CFO services, our solutions are tailored to your specific needs and stage of growth.
Driving Sustainable Growth
Our objective is not simply to report on financial performance, but to help improve it. By combining technical expertise with commercial understanding, we help businesses strengthen profitability, manage risk, and achieve their strategic goals.
Who Can Benefit?
∙ Growing Businesses requiring financial leadership but not yet needing a full-time CFO.
∙ Entrepreneurs and Start-Ups seeking strategic financial guidance during periods of expansion.
∙ Family-Owned Businesses looking to professionalise financial management and reporting.
∙ Companies Seeking Financing requiring support with lenders, investors, and capital raising initiatives.
∙ Businesses Undergoing Change including acquisitions, restructurings, rapid growth, or succession planning.
∙ International Groups requiring local financial leadership and oversight for Cyprus operations.
/ START A CONVERSATION
Let’s identify the right route forward.
Tell us where your business, investment or relocation plans currently stand. We will help clarify the requirements, opportunities and next steps.
