On 30th and 31th of May our team had the opportunity to participate at the #1 tech & business festival in Limassol, known as "Reflect Festival"! 

Via Finhub off course! 

We only co-operate with the best accountants which we validate and monitor regularly therefore if you get an offer rest assure the accountant will meet your expectations. 

What makes a good accountant? 

An audit and assurance firm, regulated by the ACCA, ICAEW and the local Cyprus ICAPC is unlikely not to meet any professional requirements your business has to comply with the local laws and regulations.  

However, besides the workload there are more factors to consider in assessing whether your accountant is good for you: 

Non-Domiciled Rule. What does it mean for me? 

The non-domiciled rule is a clever tax law which was introduced by the Cyprus Income Tax office few years ago and it is a tax status for individuals who have not been living in Cyprus 12 out of the last 20 years. 

Benefits of this tax status? 

Individuals who are living in Cyprus and are tax residents but not domiciled are not subject to special defense tax which applies to dividend income, interest income and rental income.  

Therefore, an individual with worldwide dividend income is entitled to tax free dividends 

I have received an offer from 5 firms. What to do next? 

You have received 5 offers from audit and assurance firms within your specified criteria! That is great. Have a chat with the engagement partner and get a feel of the firm. You may even consider visiting them to assess their culture and if it meets yours.

Service providers credentials 

To register as a service provider with finhub the following credentials are required: 

• They are members of local ICPAC (Institute of Certified Practicing Accountants in Cyprus) 

• ICPAC has not raised any issues or concerns towards their practice. 

• They are members of International Professional Association of A.C.C.A and I.C.A.E.W 

• Their accountancy practice has been in business for more than 5 years. 

• They meet fin hub's quality control procedures.