Maintaining accurate accounting records is essential for businesses operating in Cyprus. These records must be kept at the registered office or another designated location in Cyprus and remain accessible for inspection by directors.
At Oneworld Ltd, we streamline accounting processes to provide timely and accurate financial data essential for strategic decision-making. Our team ensures compliance with local and international accounting standards while managing VAT submissions and financial reporting obligations.
Our Accounting Services Include:
- Bookkeeping and financial record maintenance.
- Bank account reconciliation and financial analysis.
- Preparation of management accounts.
- IFRS-compliant financial statement preparation.
- Consolidated financial statements for corporate groups.
- Submission of provisional tax declarations and payments.
All financial statements must include a board of directors’ report, detailing operational changes, capital structure updates, board restructuring, and profit distribution proposals. Compliance is mandatory, and failure to adhere to these requirements may lead to legal penalties or imprisonment. Financial statements must also be audited by a registered auditor.
