Prospectacy

About Prospectacy

Established in 2010 with four employees, this Nicosia consultancy now has more than thirty staff drawn from over ten nationalities and fluent in more than ten languages. Its business relocation service is aimed at Ukrainian, Russian and Israeli companies moving to Cyprus, bundling company set-up, permits and licences handled by its own legal team with practical help for employees and their families. Corporate work includes formation and administration, statutory records, annual returns, apostille and translation, while individual clients receive personal taxation support, residence and domicile advice, trust and inheritance planning, property management and transaction assistance. It also covers the IP Box regime and intellectual property registration. Tax support extends to direct and indirect taxation and to explaining reporting requirements in the client's own language. The team positions itself as a combined business, legal and financial adviser rather than a bookkeeping practice.

Services of Prospectacy

Company formation and administration are offered worldwide, together with statutory records, annual returns, notarisation, apostille and translation. Business relocation covers company establishment, permits and licences, housing and schooling support for staff. Individual services include direct and indirect tax support, tax reporting guidance, residence and domicile options, trusts and inheritance structures, and family office services. The firm also registers and protects intellectual property, supports use of the IP Box regime and provides corporate legal services through its own lawyers.

• Company formation
• Tax compliance
• VAT
• Residency and visas
• Corporate secretarial

Not listed: accounting and bookkeeping, payroll, audit, bank account assistance, virtual office.

Clients and sectors

Prospectacy names companies relocating to Cyprus, ukrainian, Russian and Israeli companies, high net worth individuals and international clients among its clients, with a stated focus on foreign and non-resident clients. Entity types it handles: Cyprus company, Trust and Family office structures.

Size and offices

Prospectacy was founded in 2010 and its team is described as 30+ employees.