Andersen Business Audit Services Limited
English | Russian


 

 Official website of Andersen Business Audit Services Limited, Certified Public Accountants and Registered Auditors,  Limassol, Cyprus.

Andersen Business Audit Services Limited is one of Cyprus’ fastest growing audit firms, providing services of the highest quality.
We provide a full range of services, all tailored to your needs, and are committed to helping your business reach its true potential.
We particularly specialize in the Russian Federation market and have affiliated entities in the Russian Federation and Latvia.
Direct partner involvement throughout the delivery of all our services ensures the attention and quality service you deserve.

Company profile
Andersen Business Audit Services Limited is one of Cyprus’ fastest growing audit firms, providing services of the highest quality. 
We provide a full range of services, all tailored to your needs, and are committed to helping your business reach its true potential.
We particularly specialize in the Russian Federation market and have affiliated entities in the Russian Federation and Latvia.
Direct partner involvement throughout the delivery of all our services ensures the attention and quality service you deserve.

Our conduct is guided by our ethics and values which are the following:

          • QUALITY
          • RELIABILITY
          • PROFESSIONALISM
          • CONFIDENTIALITY
          • COMMITMENT
          • RESPECT
          • FLEXIBILITY
          • RESPONSIVENESS

We build and develop long term relationships based on doing the right thing in every occasion.
We help your business find its path to success and growth.

Director’s profile 

Christodoulos Aspromallis

Mr Christodoulos Aspromallis, Director, founded and established Andersen Business Audit Services Limited after an almost twelve year career with a big four audit firm.

Christodoulos was born in Athens, Greece in 1978. He has resided and studied in Greece, USA and Cyprus.

He completed the exams of the Association of Chartered Certified Accountants (ACCA) in December 1999 and became a full member of ACCA on 31 January 2003.

He was admitted to fellowship (FCCA) of the Association of Chartered Certified Accountants on 31 January 2008, having attained five years of continuous membership.

Christodoulos became a full member of the Institute of Certified Public Accountants of Cyprus (ICPAC) on 8 April 2003 and served as a member of the Limassol Pafos coordinating committee of ICPAC from 2005 to 2008.

During his employment at Ernst &Young Cyprus Limited, Christodoulos worked on the audits of a wide variety of clients and obtained a very broad range of quality experience.

During the period 2004-2007, he pursued numerous extended secondments to Athens, during which he obtained quality experience on very large shipping companies most of which were S.E.C. registrants. He also participated in an integrated audit (SOX 404 project) in Athens. 
In Cyprus, he has audited almost every type of Company. Clients under his portfolio included local and overseas listed and non listed entities (ranging from the simplest to the most complex) from a wide range of industries.

Christodoulos has also particularly specialized in the Russian Federation market throughout his entire career.

Mission statement
Helping your business reach its true potential by building and developing long term relationships based on doing the right thing in every occasion.



Audit&Assurance


Our audit approach is tailored to suit the size and facts and circumstances of your business. 

We aim at providing value adding services which exceed compliance needs. 
In addition to helping you meet reporting requirements, we also take the opportunity to conduct a review of your financial systems and internal controls. This often enables us to indentify strengths and weaknesses and provide you with valid and accurate advice on how to maximize strengths and minimize or eliminate weaknesses, in order to enhance the performance of your business. 
Direct partner involvement throughout the delivery of our services ensures the attention and quality service you deserve. 
Our audit & assurance services include:

  • ANNUAL AUDIT IN ACCORDANCE WITH INTERNATIONAL STANDARDS ON AUDITING (ISA)
  • IFRS CONSULTANCY
  • MANAGEMENT REPORTING
  • DUE DILIGENCE REPORTING
  • INTERNAL AUDIT

Feel free to contact us, for more details and/or an introductory meeting where we can further explain how we can help your business reach its true potential.

Taxation
Cyprus’ accession to the European Union in 2004 primarily, but also other relevant political developments which took place in the island’s recent history, resulted in changes in Cyprus Tax Legislation.
In the past few years, Cyprus has been continuously expanding its long list of double taxation treaties including particularly favorable treaties with the Russian Federation as well as most Eastern European Countries
The above have contributed towards establishing Cyprus as an international financial center.
We possess the required resources and expertise to assist businesses as well as individuals to not only meet tax compliance requirements, but also to optimize their tax position, by making tax savings wherever possible.

Our taxation services include:

  • CORPORATE TAX COMPLIANCE SERVICES
  • PERSONAL TAX COMPLIANCE SERVICES
  • TAX PLANNING (BOTH LOCAL AS WELL AS INTERNATIONAL) FOR CORPORATIONS AS WELL AS INDIVIDUALS
  • INDIRECT TAXATION (VALUE ADDED TAXATION) SERVICES
  • MERGERS & ACQUISITIONS AND GROUP REORGANIZATIONS

Direct partner involvement throughout the delivery of our services ensures the attention and quality service you deserve. 
Feel free to contact us, for more details and/or an introductory meeting where we can further explain how we can help your business reach its true potential.

Accounting
We offer a comprehensive range of accounting services tailored to the needs of your business.
Whether your business is local or international, Andersen Business Audit Services Limited is the correct choice.
Our team of professionally trained and suitably qualified accounting professionals can provide the necessary assistance and professional support to enable you to run your business smoothly and efficiently.
In case your accounting documentation/records are kept in the Russian Federation or in Latvia, this is not a problem for us. We would be happy to assist you through our affiliated entity Andersen Business Services, which maintains offices in these countries. 

Our accounting services include:

  • BOOK KEEPING
  • PAYROLL
  • FINANCIAL STATEMENTS PREPARATION ASSISTANCE
  • ADMINISTRATION SUPPORT

Direct partner involvement throughout the delivery of our services ensures the attention and quality service you deserve. 
Feel free to contact us, for more details and/or an introductory meeting where we can further explain how we can help your business reach its true potential.


Consultancy
Our team of highly trained and suitably qualified consultancy professionals, offers an extensive range of consultancy services tailored to the specific needs
of your business. We apply our thorough understanding of risk management, finance and proper reporting while focusing on key business issues and working
closely with you throughout the duration of each project aiming to achieve successful business outcomes such as assisting you in implementing cost saving
techniques, managing risks and improving your internal control systems and business processes.

Our consultancy services include:
  • PREPARATION OF BUDGETS
  • VARIANCE ANALYSIS COMPARING AND EVALUATING ACTUAL RESULTS AGAINST BUDGETED RESULTS
  • WORKING CAPITAL MANAGEMENT
  • HUMAN RESOURCE MANAGEMENT
  • INVESTIGATIONS FOR NEW BUSINESS OPPORTUNITIES
  • PRODUCT COSTING
  • PRICING POLICY
  • DEBT MANAGEMENT INCLUDING NEW LOANS REQUEST FOR EXPANSION AS WELL AS REORGANIZATION OF EXISTING DEBTS
  • FEASIBILITY STUDIES FOR  NEW BUSINESS VENTURES
  • ADVICE ON MERGERS AND ACQUISITIONS
  • PREPARATION OF BUSINESS PLANS IN COOPERATION WITH YOUR BUSINESSES’ MANAGEMENT
  • REVIEW AND EVALUATION OF THE SYSTEM OF INTERNAL CONTROLS OF YOUR BUSINESS

Direct partner involvement throughout the delivery of our services ensures the attention and quality service you deserve. 
Feel free to contact us, for more details and/or an introductory meeting where we can further explain how we can help your business reach its true potential.


Nominee services
We offer a full range of professional services tailored to support both international and local clients, who do not maintain fully manned offices in Cyprus.
Our nominee services include: 

  • PROVISION OF A REGISTERED OFFICE FOR YOUR COMPANY
  • PROVISION OF NOMINEE DIRECTOR(S) AND SHAREHOLDER(S)
  • PROVISION OF SECRETARIAL SERVICES

Direct partner involvement throughout the delivery of our services ensures the attention and quality service you deserve.
Feel free to contact us, for more details and/or an introductory meeting where we can further explain how we can take this burden off your shoulders.  


Other corporate services
We see ourselves as a one stop shop for all your needs.
We are thus pleased of being in a position to offer other corporate services.

Other corporate services we provide include: 

  • COMPANY FORMATIONS

  • KNOW YOUR CLIENT SERVICES (SERVICES WHICH ASSIST YOU IN UNDERSTANDING YOUR PROSPECTIVE CUSTOMERS BY PROVIDING YOU WITH FINANCIAL INFORMATION, INFORMATION REGARDING WHETHER THEY HAVE ANY ASSOCIATION WITH ILLEGAL ACTIVITIES, INCLUDING MONEY LAUNDERING, FRAUD AND TERRORISM FINANCING, AS WELL AS INFORMATION ABOUT THEIR ASSOCIATION WITH OTHER COMPANIES AND INDIVIDUALS, IF ANY, OR WHETHER THEY ARE IN A BANKRUPTCY OR LIQUIDATION PROCESS, OR WHETHER THEY HAVE DEFAULTED IN THE SETTLEMENT OF THEIR LIABILITIES, ETC.).

  • COMPANY SEARCHES OF THE STATUTORY DETAILS INFORMATION, HELD BY THE REGISTRAR OF COMPANIES, OF ANY COMPANY (INCLUDING WHETHER THERE ARE ANY CHARGES REGISTERED AGAINST THE COMPANY UNDER REVIEW).

  • ISSUANCE OF CERTIFIED COPIES OF INCORPORATION DOCUMENTS (MEMORANDUM AND ARTICLES OF ASSOCIATION, CERTIFICATE OF INCORPORATION, CERTIFICATE OF REGISTERED OFFICE, CERTIFICATE OF SHAREHOLDERS, CERTIFICATE OF DIRECTOR(S) AND SECRETARY).

  • ISSUANCE OF CERTIFIED COPIES OF OTHER CERTIFICATES SUCH AS CERTIFICATE OF CHANGE OF NAME, CERTIFICATE OF GOOD STANDING, CERTIFICATE OF STRIKE OFF, ETC.

  • APPLICATIONS FOR REGISTRATION OF COMPANY NAMES, TRADEMARKS OR PROPRIETARY NAMES AND OBJECTIONS FOR THEIR REJECTION.

Direct partner involvement throughout the delivery of our services ensures the attention and quality service you deserve.
Feel free to contact us, for more details and/or an introductory meeting where we can further explain how we can take this burden off your shoulders and help you minimize your risks.  

 

BUSINESS IN CYPRUS

Over the years, Cyprus has established itself as an international financial center.
Cyprus is an attractive international financial centre, combining a convenient strategic geographical location between three continents (Europe, Asia and Africa), low tax rates (corporation tax rate is currently 12,5% which is one of the lowest in the European Union), financial stability and credibility as well as a long and growing list of international treaties for the avoidance of double taxation.

Cyprus was accepted to full membership of the European Union on 1 May 2004 and fully adopted the Euro as its official currency on 1 January 2008. Thus, Cyprus businesses have full access to EU markets with all the privileges this entails.
Low tax rates (corporation tax rate is currently 12,5% which is one of the lowest in the European Union), combined with a long and growing list of double taxation treaties provides companies resident in Cyprus with a strong basis for cross-border investments.

Cyprus investment holding companies enjoy the additional tax advantage of dividend income and profit from the sale of shares being exempt from taxation. Cyprus has no withholding tax imposed on dividend income, interest, or royalty payments effected to non-Cypriot beneficiaries. Profits from overseas permanent establishments are tax exempt.
Additionally, Cyprus maintains a highly professional workforce to provide support to international business. The legal system is based on English common law and English is fluently spoken throughout the country. The accounting, legal and banking sectors are highly developed and the country enjoys a high standard of living, excellent telecommunication facilities and infrastructure in a stable and low-crime environment.

Cyprus also enjoys excellent business relations and flight connections to the Middle East, a wide network of air-routes offering excellent connections to Europe, Africa, and Asia, as well as modern ports and first-rate sea connectivity.

As part of the accession process towards full membership of the European Union, Cyprus reformed its tax legislation which, as of 1 January 2003, conforms with EU requirements and fully complies with the OECD initiative against harmful tax practices.

The existence of a long and growing list of double taxation treaties, including particularly favorable treaties with the Russian Federation and most Eastern European Countries, combined with relatively low tax rates (corporation tax rate is currently 12,5% which is one of the lowest in the European Union), as well as other factors explained above have contributed towards establishing Cyprus as a key jurisdiction for international tax planning. Cyprus is now firmly established as the main international business centre for holding investments in the Russian Federation as well as other Eastern European countries.

Click here to access our article titled “10 good reasons for investing in Cyprus”. 

Feel free to contact us, for more details and/or an introductory meeting where we can further explain how we can assist you in doing business in Cyprus.

News/Careers

News

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Careers

Available positions

  • AUDIT ASSISTANT
  • AUDIT SENIOR
  • EXPERIENCED BOOK KEEPER

 

A competitive remuneration package will be offered to the successful candidates depending on their skills and level of experience. 
The successful candidates will also have excellent training and career development opportunities.
Fluency in the Russian language will be considered a strong advantage.

Please send us your curriculum vitae (cv) at info@andersenaudit.com and we will contact you for an interview shortly.

Contact us

  • Contact person: Christodoulos Aspromallis (Director)
  • E-mail: info@andersenaudit.com
  • Web: www.andersenaudit.com
  • Address: Anexartisias & Kyriakou Matsi, 3 Roussos Limassol Tower, 10th floor 3040, Limassol, Cyprus
  • Office telephone: +357 25 373635 Office fax: +357 25 373634