TIMKAS Chartered Accountants Ltd

About TIMKAS Chartered Accountants Ltd

TIMKAS is a firm of chartered accountants operating from Paphos and Nicosia, formed in 2006 through the merger of two practices that had existed since 1993. Statutory audit is its main professional activity, supported by accounting, quarterly VAT returns, special investigations, feasibility studies, valuations and reorganisations. Its taxation team covers corporation tax, income tax, capital gains, immovable property tax, special defence contribution and international tax questions including double tax agreements and international trusts. A practice area is dedicated to companies and individuals relocating to Cyprus or doing business through the island. For these clients the firm incorporates Cyprus companies and branches through legal associates, then administers them with secretarial support, bank account opening, bookkeeping, VAT and income tax filings, payment of taxes on the client's behalf, budgets and financial statements. Partners Doros Kassinopoullos and Loizos Timinis lead the practice.

Services of TIMKAS Chartered Accountants Ltd

Audit services include statutory audits and special investigations. Accounting covers books and records, VAT returns, management reports, budgets, financial statements, registrations with the VAT, income tax and social insurance authorities, and tax certificates. Tax services include returns for companies and individuals, advice on corporation, income, capital gains and VAT matters, and international taxation. Company services cover incorporation of companies and branches, secretarial support, bank account opening and administration, plus consulting, valuations and computerised accounting set-up.

• Company formation
• Accounting and bookkeeping
• Tax compliance
• VAT
• Audit
• Bank account assistance
• Corporate secretarial

Not listed: payroll, residency and visas, virtual office.

Clients and sectors

TIMKAS Chartered Accountants Ltd names companies and individuals relocating to Cyprus and international business entities among its clients, with a stated focus on foreign and non-resident clients. Entity types it handles: Cyprus company, Branch, Trust and Offshore company.

Size and offices

TIMKAS Chartered Accountants Ltd was founded in 1993. Besides Paphos, it lists offices in Nicosia.