First Audit Services Limited

About First Audit Services Limited

Founded and owned by Stelios Vassiliou, a fellow of the English chartered accountancy institute and a former Big Four professional, this Limassol practice combines audit, accounting, tax and advisory work under one roof. Its client list includes start-ups, mid-market companies, high-net-worth individuals and regulated firms. The firm is registered with the Cyprus accountancy institute, and its management also hold English institute memberships. Beyond the core finance functions, it arranges corporate services through a network of associates, covering company registration in Cyprus and other jurisdictions, shelf companies, and secretarial support. The website promotes Cyprus as a place to do business, and the firm mentions international tax structuring that uses Cypriot companies and treaties, but it does not name specific foreign client markets. No language list, team headcount or founding year is published on the site.

Services

Audit work covers IFRS financial statements, statutory audits, special-purpose audits, due diligence and internal audit. Accounting includes bookkeeping, payroll, bank reconciliations, payables, invoicing, management reports and budgets. Tax services span corporate computations, transfer pricing studies, personal tax, residency certificates, and VAT registration with quarterly returns, VIES and Intrastat. Corporate services, delivered with associates, include company registration, shelf companies, nominee directorship, secretarial and registered office support, and trustee and bank account administration.

• ✓ Company formation: offered
• ✓ Accounting and bookkeeping: offered
• ✓ Tax compliance: offered
• ✓ VAT: offered
• ✓ Payroll: offered
• ✓ Audit: offered
• ✕ Bank account assistance: not listed
• ✕ Residency and visas: not listed
• ✓ Corporate secretarial: offered
• ✕ Virtual office: not listed

Licences and registrations

• ICPAC member firm
• Management members of ICAEW

As declared by the firm. Check a licence with the regulator before you rely on it.