Oneworld Global Business Services

Tax & Legal Services


We can manage your accounting processes efficiently and provide you with the timely and accurate information and analysis that is critical to strategic decision-making. We do the same for your VAT compilations which we can submit. Our clients receive easy to read, consistent reports of all their activities worldwide, along with the accompanying local and international management reports.

We also provide payroll and human resource services for companies of any size. 

Our team of professionally qualified accountants will undertake accounting and financial management work according to your needs and in compliance with prevailing accounting standards and regulatory reporting obligations. Our services cover:
  • maintenance of books of account and accounting records
  • reconciliation and analysis of bank accounts
  • preparation of management accounts
  • conversion of accounts in accordance to IFRS
  • preparation of annual financial statements
  • preparation of consolidated financial statements for groups of companies
  • preparation and submission of provisional tax declarations and payment of taxes


We manage your accounting processes efficiently and provide you with the timely and accurate information and analysis that is critical to strategic decision-making. We do the same for your VAT compilations which we can submit. Our clients receive easy to read, consistent reports of all their activities worldwide, along with the accompanying local and international management reports.
  • VAT registration, compilation and submission of VAT returns
  • assisting to comply with VAT legislation in Cyprus and the EU
  • VAT refunds and fiscal requirements


We also provide payroll and human resource services for companies of any size whether they employ 1 employee or 100.  Our specialist payroll group undertakes with complete confidentiality the entire payroll function which includes:
  • registration of company and staff with the Income Tax Office and Social Insurance Departments
  • processing the company’s monthly payroll
  • ensuring monthly payment of salaries, taxes and social insurance contributions
  • preparation and submission of monthly and annual tax returns


Our fund valuation services include: 
  • preparing books of accounts, calculating the Net Asset Value with reference to share movements
  • preparing financial statements tailored to client requirements, including statements of assets and liabilities, operations, changes in net assets and cash flows
  • calculation of all fees and retrocessions
  • to ensure maximum efficiently and accuracy in the preparation of the Net Asset Value calculations, we have electronic interfaces with brokers and custodians in financial centres
  • extensive experience in processing and pricing alternative investments and derivatives


  • assistance in setting-up an internal audit department and developing a risk management framework
  • identifying and assessing risks and control weaknesses
  • introducing best practices, efficiencies and reducing operating costs
  • assisting in establishing Audit Committees and introducing best practices of corporate governance


  • tax efficient holding company locations
  • cross-border financing
  • inbound and outbound structuring
  • income tax treaties, profit repatriation, loss utilisation
  • managing IP and intangible assets
  • tax optimisation reviews




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