We passionately offer full-scope services adapted to our international and local-based clients, encompassing
large multinationals, banking institutions, and high-net-worth individuals. Services include, among others,
Fiduciary, Company Administration, Secretarial, Accounting & Bookkeeping, Escrow, Payroll, and Fund
Administration services. Moreover, through our associates, we provide Aviation, Yachting, and Crew
Management & Administration services.
CPM provides the service of assisting Compliance Departments with their AML regulatoryrequirements as per the applicable Legislation and the Directives of CySEC. The Complianceservice include:
Undertaking the full scope of due diligence and AML compliance procedure from theonboarding phase to periodic update and monitoring, we coordinate the entire clientonboarding process, including:- Collection- Identification- Verification- Screening- Background searches- Risk assessment
Performing ongoing monitoring and periodic reviews so to keep the due diligenceinformation updated in accordance with the risk rating of each client.
Assisting in the establishment of internal compliance procedures.
Assisting in the preparation of the periodic regulatory reporting to entities regulated byCySEC.
CPM offers a wide range of bank account services to Cypriot companies, foreign corporate bodies as well as to individuals, as CPM maintains close working relationships with all local banks and with some of the most prominent banks in Europe.
CPM bank account services include:
Opening and operating bank accounts with local and international banks
Processing and executing banking instructions
Providing internet banking facilities
Opening deposit accounts and other investment accounts
Opening of brokerage accounts
Providing debit and credit card facilities
Providing bank signatories
Arranging and providing facilities for meetings with bank officers, advocates and other professionals
Acting as introducers to local banks for CPM clients
Providing translation services for most European languages in relation to banking requirements
CPM is a pioneer in the field of Trustee Services in Cyprus. It enjoys the prestige and respect of both clients and competitors as it was amongst the first providers of Trustee services in the island and maintains an unblemished record of Trustee conduct.
CPM has been involved in the setting and administration of Trusts since its inception in 1996. CPM provides unmatched industry expertise and reliable service to clients from all over the world.
CPM provides assistance with relation to the establishment and administration of trusts, ensuring full confidentiality. In collaboration with specialist trust lawyers, CPM sets up a wide variety of trusts, from simple to complex structures, including discretionary trusts, purpose trusts, and trusts involved in employee bonus schemes, always in accordance with the individual’s personal circumstances and requirements.
CPM’s top management are members of the International Society of Trust and Estate Practitioners (STEP), which is the leading worldwide professional body for practitioners in the fields of trusts, estates, and related issues.
CPM Trustee Services include:
Assisting with the establishment and administration of local and international trusts, including discretionary trusts, purpose trusts and trusts involved in employee bonus
Acting as Corporate Trustee
Making distributions to beneficiaries in accordance with the instructions of the Settlor
Opening and managing all bank accounts in Cyprus and abroad
Maintaining the trust’s accounting records
Liaising with fund managers for the operation of investment accounts
CPM provides a comprehensive range of company registration services in Cyprus, which include professional advice and assistance aiming to determine the best corporate structure for the client. The services offered include:
Advising on the preferred shareholding structure
Drafting of the Memorandum and Articles of Association
The composition of the Board of Directors and any other relevant corporate matter
Liaising with the competent local authorities to ensure the prompt incorporation of the company
In addition to Cyprus company registrations, CPM incorporates and provides services to companies in most major jurisdictions through its extensive network of corporate lawyers and company consultants, including key offshore jurisdictions such as the BVI, the Cayman Islands, the Seychelles, UAE, Malta, Hong Kong, Belize, Panama and others.
Furthermore, CPM provides valuable assistance with the setup of the following structures:
Alternative Investment Funds
In the cases where licenses from the local regulatory authorities are required, CPM, in collaboration with its expert legal advisors, can guide you efficiently through the licensing processes.
Company Administration and Secretarial Services
CPM offers corporate administration and secretarial services in order to ensure that the companies are compliant with all the relevant Cyprus statutory obligations.
CPM also provides corporate administration services for companies operating in other jurisdictions.
CPM services include:
Organising facilities for directors and shareholders meetings
Preparing minutes of directors and shareholders meetings (including the Annual General Meeting)
Preparing documentation reflecting changes in the:
Memorandum and Articles of Association
Directors and shareholders
Secretary and registered office
Authorised and issued capital (to include allotments with premium)
Organising the transfer of shares
Organising and registering share pledges and other company charges
Filing financial statements and annual returns with the Registrar of Companies
Filing of all statutory returns with Registrar of Companies
Maintaining statutory records and registers of the company
Maintaining the common seal of the company in safe custody
Handling correspondence with third parties and various authorities
Arranging for the translation of documentation by certified translators
Arranging notarisation, certification and apostille authentication or legalization of incorporation documents and others
Issuing and/or preparing specific Powers of Attorney
Signing of contracts and other documents
Arranging for legal opinions or other legal work where necessary
Coordinating business processes such as audit and tax through associate accountancy firms
Undertaking company searches and due diligence requirements
Assisting in obtaining any necessary license for a company to perform its business activity (e.g.: investment services; portfolio management)
The above services are offered in collaboration with legal advisors experts in corporate law.
Cyprus Substance Solutions
CPM offers a variety of services aimed to support the business substance and functioning of the office in Cyprus. Depending on the level of substance required, CPM may assist with all the steps necessary towards establishing a fully-fledged office in Cyprus, including:
All formalities regarding identification and rental of the office space
Insurance policy coverage
Telecom and IT support Services including domain registration
Registration of the company as an employer in Cyprus
Employees hiring process and other HR related assignments
Migration of employees to Cyprus
Accounting, VAT and payroll services
Daily support of the business on all administrative matters
CPM recognises that each business has unique requirements, internal processes and operating practices. Due to that, substance solutions available are always based on the individual needs of the clients and specific circumstances of the business.
CPM offers full range of payroll services to Companies which employ staff in Cyprus and abroad and need assistance with the preparation of their monthly payroll procedures. CPM professional staff is dedicated to deliver the most cost efficient and effective services to its clients.
CPM payroll services include:
Payroll calculation can be processed monthly or weekly, based on the client’s request.
Registration of the Company, as an employer, to Social Insurance Department
Registration/ deregistration of employees to the Social Insurance Department through the online registration System of the SI Department the so called ‘Ergani’.
Registration of new employees to the Income Tax Department.
Preparation and provision of confidential electronic pay slips to the employees at the end of each payroll run.
Calculation and extract from the system, monthly social insurance contributions and related tax (PAYE) reports.
Undertaking payment to employees’ personal accounts through online banking transfers with the help of CPM Banking Department.
Ability to send an electronic file to the Bank for the payment of employees
Completing and submitting the monthly social insurance contributions report through the online payment system (Sisinet) of the Social Insurance Department. The online payment systems allow payments to be perform automatically provided the details of the employer’s bank account are uploaded to the system.
Preparation and distribution to employees, annually, their Emolument certificate (IR63).
Preparation and submission of the annual Employer’s Declaration form (IR7), for the Company, to the Tax Authorities.
Obtaining relevant clearance certificates/ confirmation required from the Social Insurance Department for expatriate employees for the purpose of renewal of their work permit.
CPM provides the following fiduciary services:
Director management services
One of the key criteria to demonstrating that the management and control of a company is carried out within Cyprus is for the majority of the directors on the Board to be Cyprus residents and that the major management decisions of the company are taken in Cyprus.
CPM can hold shares in trust for the benefit of the client and deal with, or dispose of the shares, as the beneficial owner shall instruct. CPM ensures that the personal information of the beneficial owner is not disclosed under any circumstances, unless required to do so by the Courts or as part of an investigation into certain specific criminal activities.
CPM can provide a registered office address together with any required facilities in the desired country of incorporation, as required by law.
Every Cyprus company must have a secretary who is responsible for maintaining the company’s statutory registers and records in accordance with the standards imposed by the laws of Cyprus. The secretary shall act under the instructions of the board of directors in order to prepare and file all statutory forms, resolutions and annual returns with the Registrar of Companies.
CPM is proud of its extensive experience in acting as an escrow agent in many transactions. Capitalising on this experience, CPM can guarantee the successful completion of a transaction.
An escrow agent provides security for the completion of a transaction by holding cash or any other assets, securities or documentation to be released only if specific conditions are met in accordance with the terms of the escrow agreement.
CPM acts as an escrow agent offering third-party business solutions, to secure financial obligations between two or more parties arising from commercial transactions, such as corporate acquisitions and trade transactions, thus mitigating financial performance risk.
CPM Escrow Services include:
Drafting and/or reviewing of an escrow agreement
Establishment of a dedicated escrow account with reputable financial institutions in Cyprus or in other jurisdictions when required
(For the purpose of the escrow arrangement, such account shall be used exclusively for the specified transaction)
Accounting & Bookkeeping Services
CPM Accounting & Bookkeeping Services include:
Day to day bookkeeping
Preparation and submission of VAT returns and VIES declarations and other VAT related services
Preparation of financial statements in compliance with IFRSs and the requirements of the Cyprus Companies Law
Preparation of periodic management accounts
Payment of corporate taxes
Provision of accounting personnel on a temporary basis upon request
Indirect Tax Services / VAT Services
CPM offers assistance to Companies in meeting their VAT obligations.
CPM VAT services include:
VAT advisory services:
Reviewing of business activities and advising on any possible VAT implications
Reviewing of existing or drafting agreements and advise accordingly
Advising and supporting Companies with VAT registration, deregistration procedures and identify the risk of non-compliance
Preparation and submission of quarterly VAT returns and monthly VIES declarations
Assisting CPM clients with VAT recovery procedures:
Local refund claims
EU refund claims
Assistance with Tax VAT audits and related questions raised by the Tax Authorities
Fiscal representation services
Fund Administration Services
Visit CPF websiteNAV Calculation and Valuation
CPF, part of CPM group, ensures for the accurate and timely release of the fund NAV with the required frequency utilizing state-of the-art software to process client information in the most reliable manner. CPF’s extensive reporting capabilities can meet a wide range of needs and can be specifically tailored to suit the requirements of each client.
CPF Services offered include:
Maintenance of multi-currency accounting records
Calculation of all fund related fees (including performance fees and equalization)
Calculation and disbursement of income and dividend distributions
Preparation of portfolio valuation reports
Calculation and targeted communication of NAV per share and other entitlements
Preparation of interim and annual financial statements
Preparation and filing of reports and returns with the regulators
Management of the custodian’s orders to pay or deposit cash and securities.
Tailored-made Accounting (including FIFO, LIFO, Costs Accounting, Partnership Accounting, International Accounting Standards)
Multiple price sourcing and reconciliation
Transfer Agency – Fund Administration back office
CPF Services offered include:
Issuance, transfer, allotment, conversion, redemption and / or purchasing of units / shares in accordance with the Articles and Memorandum of Association and the instructions of the client
Management of reception, recording and dealing of letters of administration, powers of attorney, dividend mandates, vesting orders, notices of change of names and other documents affecting the title to shares or any dividends payable, and consequently updating the register
Maintenance of company accounts and financial records as required by law and proper conduct rules of the company
Processing of Subscriptions and Redemptions Deal with complex legal structure functionality.
Customized investor statements
Pricing services and fee processing
Share register management
Accounting for complex entities and investment companies
CPF Services offered include:
Tailored Accounting (share classes, multi asset classes funds, fees schedule, prospectus defined accounting methods)
Multiple pricing sourcing and reconciliations
Adherence with all IFRS Accounting standards
AML/KYC and Compliance
CPF Services offered include:
Assisting in the preparation of all related reporting to Cyprus Securities and Exchange Commission and Central Bank of Cyprus
Performing AML/KYC procedures on Investors as per applicable legislation
Undertaking the full scope of CRS/FATCA compliance from initial analysis to reporting
CPM provides assistance to newcomers in Cyprus with relation to the entire immigration process for almost twenty years. CPM has a dedicated immigration team and can provide permanent residency and all types of temporary visas and work permits.
CPM is very well positioned in assisting its clients in all their immigration and relocation projects since CPM maintains excellent relations with leading Cyprus banks, business consultancy firms, international law forms, property developers and real estate agents.
Assistance for obtaining a Permanent Residence Permit
CPM services include:
Providing specialised advice on the relevant legislation and procedures
Assisting with the completion of the application form
Reviewing documents, providing guidance and collecting all relevant information so that the application is complete
Acting as a representative of the individual and submitting the form to the Cyprus Authorities
Posting submission of the application CPM immigration team continuously monitors the status
Other Immigration Services
CPM services include:
Assisting companies with their registration at the Civil Registry and Migration Department
Assisting in obtaining the relevant work and temporary residence permits for third country nationals and their dependents
Assisting EU citizens with their registration at the relevant Authorities
CPM provides assistance with relation to the implementation of all aspects of recruitment process including:
Advertising open positions on behalf of CPM clients
Utilizing CPM records and network to identify qualified individuals
Screening and assessing potential candidates through personal interviews
Identifying suitable candidates that meet industry requirements for the related position
Presenting to CPM clients an overall evaluation of each short-listed candidate
Advising and assisting in negotiating the salary and other terms of an Employment Agreement with the successful candidate
Reviewing and/or preparing the Employment Agreement and all relevant documents for signature
Advising on employment law issues (in collaboration with labour law legal advisors)
Members Voluntary Liquidation & Strike-off
Members Voluntary Liquidation
CPM provides the services of a licensed insolvency practitioner to act as a liquidator and these include:
Making the necessary filings with the Registrar of Companies
Assisting the Directors with the preparation of the Declaration of Solvency
Arranging for the required publications in the Government Gazette
Arranging for the preparation of the audited financial statements of the company
Arranging for the Tax Clearance Certificate to be obtained
Arranging for the settlement of any liabilities of the company and distributing any surplus assets
Preparing the liquidation accounts
CPM services include:
Arranging for submission of any annual returns due
Preparing the required corporate authorities
Preparing and submitting the required application to the Registrar of Companies and making the respective notifications to the relevant authorities
CPM offers the following IT Services:
Domain Name registration under local (com.cy and .cy) or other domain levels
Setup of personalized e-mail addresses/accounts
Website hosting services
Telephony services (only available if client premises are available)
Broadband internet services (only available if client premises are available)
Hardware equipment consultancy and procurement
Software/application consultancy and procurement
IT support and consultancy services relating to the above and other topics of ICT
CPM cooperates with highly regarded partners and associates to ensure that our clients areoffered best solutions for corporate transactional structuring and complimentary servicescrucial for businesses undergoing strategic or organisational changes. Such services includebut are not limited to:
Preparation of business plans
Financial due diligence