At Savva & Associates, our vision is to be the premier Corporate Services Provider in Cyprus, providing the highest levels of service to our clients, at the most competitive rates available among tier-1 providers on the island. By consistently aiming to surpass client expectations, not simply meeting them, we have won the trust and business of:
- Canadian publicly listed entities;
- Russian publicly listed entities;
- Polish publicly listed entities;
- World’s leading law firms;
- BIG 4 offices around the world who choose Savva & Associates for their Cyprus tax advisory and corporate services needs.
Why should you work with Savva & Associates?
Our competitive advantage can be summarized as follows:
- Trustworthiness;
- Service minded approach;
- Unique service offering;
- The most competitive fees in Cyprus, as much as 75% less than other tier-1 providers.
You can trust that your business is in excellent hands with Savva & Associates.
Approximately 25,000 Cyprus entities are formed each year by foreign investors, significantly more than any other onshore tax jurisdiction in Europe, specifically the Netherlands, Luxembourg and Malta. The administration of these companies in most cases is entrusted to Cypriot Corporate Services providers, legal, or audit firms. Unfortunately, the Corporate Services industry in Cyprus is unregulated and laden with abuses. Such abuses, in addition to increased scrutiny from world governments has created risk to tax planning structures which are often not communicated to international tax planning professionals. As a result, taxpayers are exposed to risk they are not aware of.
Savva & Associates and our team of Chartered Accountants, Certified Public Accountants, Cypriot and International Lawyers and other professionals, has emerged as the leading service provider in Cyprus. We ensure that our client’s Cypriot structures are established and administered to the highest level of international standards. We offer unique and custom designed substance solutions to ensure Cypriot structures contain the appropriate level of substance, and that all risks are clearly identified and communicated.
We at Savva & Associate are above all a trustworthy and totally independent Cyprus Corporate Services Provider and company formation agent. We have steered clear of dubious practices within the Corporate Services industry in Cyprus such as offering in-house audit (a practice which many of the major Corporate Services Providers refuse to discontinue despite the exposure to their clients), and offering services without the necessary competency.
It is not uncommon for a Corporate Services Provider with over 100+ staff to employee one (or no) Cyprus tax specialist, or have a ratio of less than 1:10 qualified professionals to administrative staff. This inevitably results in poor service, and worse yet, gross errors in advice and compliance matters.
At Savva & Associates you can trust that your business is in excellent hands. Our policy is to employee primarily qualified Cyprus accountants and Cyprus lawyers, and individuals with significant experience within the industry, both in Cyprus and internationally.
If you would like to request a client referral and testimonial
of our service, please contact us at info@savvacyprus.com
A major advantage of using Savva & Associate over a typical Cyprus law firm and Cyprus accounting firm is the fact that we can provide you with sound Cyprus tax and VAT advice, and have a team of competent qualified chartered accountants to look after the preparation of Financial Statements and audit facilitation of your Cyprus structure. This approach more often than not results in lower fees for the client, and more importantly better service.
Similar to Cyprus law firms, we also employee qualified Cyprus lawyers and company secretarial staff who can handle daily legal/administrative matters at very competitive rates.
With regards to Cyprus taxation and VAT advice, this is one of our main strengths. We pride ourselves in fast responses, practical advice at the most competitive fees.
We have significant experience in providing comprehensive Cyprus taxation advice regarding trading structures, Cyprus and offshore funds, offshore holding company structures, royalty structures, financing structures, trusts, and property investment structures. We have worked with the world’s leading law firms to structure their client’s assets and businesses in a tax efficient manner.
Our reliable advice and timely service has resulted in many BIG4 offices abroad appointing Savva & Associate as their primary Cyprus tax counsel.
We only ask that you give us the opportunity to demonstrate our level of service mindedness. We are confident that we will make an impression with you and your clients.
In providing high level Cyprus taxation advice, we understand the need to proactively develop an appropriate tax litigation strategy as each transaction is being planned and implemented.
As such, we provide our clients with unique Corporate Services solutions not currently being offered by our competitors in Cyprus. Such services include the following:
- Pool of personal Directors who do not serve on more than 10 (or less) other boards of Cyprus companies;
- Registered Office addresses which are not registered to more than 15 (or less) Cyprus companies;
- Highly qualified and specialized pool of personal Directors, and not simply administrative staff typically provided by our competitors;
- Unique, customized substance solutions, and not simply packaged solutions being offered by our competitors in Cyprus.
You may ask why such services are important. You may (or may not) be surprised to know the following:
- The nominee Directors provided by our major competitors typically sit on the board of sometimes hundreds of other Cyprus companies;
- The Registered Office addresses provided by our major competitors will typically house hundreds if not thousands of other Cyprus companies;
- Until recently, the above information could not be ascertained, but with the emergence of private companies such as InfoCredit (based here in Cyprus), one can easily search and see that a personal/Corporate Director assigned to a specific Cyprus company as a nominee also sits on X number of other Boards of Cypriot companies.
This information is readily available online, for a small fee, and most importantly available to anyone (including of course foreign tax offices).
Such policies adopted by our major competitors create risk to tax planning structures which are often not communicated to international tax planning professionals. As such, taxpayers are exposed to risk they are not aware of.
Savva & Associates aims to work with our partners to ensure that Cyprus structures are established and administered to the highest level of international standards.
Most Competitive Fees in
Cyprus
In establishing our fees we undertook an extensive fee study of over 70 of the leading Corporate Services and legal providers in Cyprus. We have strategically set Savva & Associate fees to be the most competitive among tier-1 providers in Cyprus.
At Savva & Associate we believe that our fees should be transparent and agreed up front with all our clients. We will never invoice for work which has not been previously agreed.
We are always happy to provide a fixed fee quote for the work we undertake, thus eliminating any surprises or uncertainty regarding your costs.
In 2010, more than 30% of our new business consisted of existing Cyprus structures being transferred to us from other service providers due to poor service levels, or uncompetitive fees. Such clients have been able to reap the benefits of working with Savva & Associates, and take advantage of fee levels between 30% to 75% lower than our competitors and consistently higher levels of service than our competition is able to offer.
Contact us today if you are interested in a fee quotation for taking over your Cyprus structure.
