Profecys

About Profecys

Based in Paphos, this accountancy and audit practice presents a modern, cloud-based approach for expatriates moving to Cyprus, international groups opening operations there, domestic companies and wealthy private clients. Its team is described as a mix of certified accountants, auditors, tax advisers and legal advisers, although individual names and headcount are not published. The firm handles Cyprus company incorporation together with external legal partners, then continues with tax and VAT registration, social insurance enrolment, accounting set-up and guidance on establishing business substance on the island. Everyday work includes cloud bookkeeping, payroll, annual tax returns, VAT and VIES filings, statutory audit and financial planning for small and medium businesses. A corporate team arranges nominee directors, company secretary, registered office and bank account management through trusted partners, and intellectual property management is also listed. The website is available in English only.

Services

Company incorporation through legal partners, tax, VAT and social insurance registration, and substance consultation; cloud bookkeeping, payroll, IR7 and corporate tax returns, VAT and VIES filings; statutory audit and management letters; corporate secretary, nominee directors, registered office, annual returns and bank account management through partners; financial planning, cash flow forecasts, budgeting and funding applications for small businesses; intellectual property management.

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