ESTABLISHED IN 2001
The Firm was established in 2001 and has established itself as a boutique firm.
AXENT FINANCIAL ADVISERS
AXENT Financial Advisers Ltd is a member of the Institute of Certified Public Accountants (“ICPAC”), the regulatory body of the accounting profession in Cyprus
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/administrative services with ICPAC registration number E 400/G/2013 and audit services with ICPAC registration number E 400/E/2024.
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.
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
Audit Services
- Audit of Financial Statements in accordance with ISA.
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, is the owner and Managing Director of AXENT Financial Advisers Ltd.
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.