18 YEARS OF EXPERIENCE

The Firm was established in 2001 and has established itself as a boutique firm.

Professional Associations

The Firm is a member of the Institute of Certified Public Accountants (“ICPAC”)

The Clients

The client base is diverse and multinational ranging from startups, high net worth individuals and multinational organisations.

About AXENT Financial Advisers LTD

AXENT Financial Advisers Ltd is a member of the Institute of Certified Public Accountants (“ICPAC”) the regulatory body of the accounting profession in Cyprus as a provider of accounting and administrative services with ICPAC registration number E 400/G/2013.

The Firm has established itself as a boutique firm focusing on tailor made solutions to its clients striving to deliver high standards of quality, integrity and timeliness.

The philosophy of the Firm is the offering of tailored and proactive business professional relationship serving the clients on a personal business approach where the clients are in the first place. Based and focused on this approach, the Firm’s personnel is competent to render all types of accounting, tax, consulting, and administrative services on a personal basis both on a local and international level.

As a result of client needs, the Firm, in September 2018, has set up a Swiss branch to facilitate a more effective access to the Firm’s international clientele.

The Firm’s manager and professional staff are all highly qualified individuals with a wide range of expertise. The Firm also maintains strong and close cooperation with local and international specialized and regulated service providers covering the audit, legal, tax advisory and fiduciary fields both nationally and internationally.

Services

Fiduciary Services

Directorships
Company Secretary
Provision of registered office
Trustees
Management of bank accounts

Corporate Services

Incorporation of Cyprus companies and branches
Liquidations and strike offs
Company secretarial services, maintenance of corporate records, resolutions etc.
Redomiciliations into and out of Cyprus, Reorganizations etc.
Acting as introducer to foreign jurisdiction agents
Provision of fully fledged office space including administrative services

Accounting

Computerised accounting records.
Recording of financial transactions. Transactions include purchases, sales, receipts and payments by an individual person or an organisation/corporation.
Preparation of annual statutory financial statements under International Financial Reporting Standards (IFRS).
Preparation of consolidated financial statements in accordance with International Financial Reporting Standards (IFRS).

Payroll

Monthly payroll.
Preparation of monthly payslips for each employee detailing gross salary, allowances, social insurance contributions, PAYE, net salary etc.
Preparation and submission of reports to the Social Insurance and Tax Department.
Payment of Social Insurance and other contributions, as well as PAYE to the local authorities.

Tax Compliance and advisory

Preparation of corporate and personal tax returns for submission to the Cyprus Tax Authorities.
Computation of income tax and corporate tax liabilities and reminder of payment dates.
Review of capital allowances and advice on timing of expenditure to maximise the relief available.
Assisting clients with their tax investigation and obtaining tax clearances from the Tax Authorities.
Advising on set up of cross boarder structures and Cyprus tax implications thereon
Registering companies for VAT in Cyprus.

Advising on the regulations for VAT within Cyprus and the EU.
Preparation and submission of VAT reports to the VAT Authorities.
Assisting clients in VAT investigations carried out by the VAT Authorities.

Corporate Finance/Business Consulting

Financial Due Diligence: A comprehensive appraisal of a business undertaken by a prospective buyer, identifying on and off balance sheet assets and liabilities and evaluate its commercial potential. Assessing the target’s quality of earnings and identify the accounting policies and methods used.
Feasibility studies
Loan restructuring

Management

Menelaos (Melinos) Pissourios

Menelaos (Melinos) Pissourios, born in Cyprus in 1968, is the owner and Managing Director of AXENT Financial Advisers Ltd. He is also a partner at P&P Advisory Services Ltd in Cyprus. P&P is the Cyprus member firm of INPACT International, an alliance of independent accounting firms worldwide. More details of the network can be found on www.inpactcy.com .

Melinos has a BA degree from the University of Manchester in UK, in Econometrics & Finance where he graduated in 1990 with a First Class honours degree. He then qualified as a chartered accountant in the UK with KPMG. He is a fellow member of the Institute of Chartered Accountants in England & Wales (ICAEW) and he also obtained the Corporate Finance qualification from ICAEW in 2007.