Maksym Stepanenko
Managing Partner, Crystal Tax
International client projects since 2012: company structures, tax, immigration, DUNS and NCAGE. 50+ jurisdictions.
Any company that was created in full compliance with all the rules for registering legal entities is required to provide regular reports to the State Register and the Tax Inspectorate. As a rule, the financial statements of foreign companies require a lot of effort and energy. That is why, according to existing regulations, it must be carried out by audits with the appropriate license. An interesting fact is that the passage of this procedure is necessary even for those enterprises that did not conduct any activity in the current year. In this case, the financial statements of foreign firms will be "zero".
Today, many agencies offer audit services to foreign businesses, but if you are going to use professional help, then be prepared to make your choice in all seriousness. Highly qualified consulting services of a foreign company should include:
This can be explained by the fact that financial reporting must be carried out in full compliance with IFRS International Financial Reporting Standards, and this process is quite painstaking and requires certain knowledge. The financial statements of foreign companies in 2015 need a collection of such documents: an extract from the banking institution where you had an account (it should describe all money transactions over the past year), agreements and contracts (they confirm all transactions), table accounting for sales/purchases, loans and their interest, a list of creditors and debtors, as well as records of amounts. Please note that different countries may request different packages of documents. For example, an audit and preparation of reports in Cyprus can also be carried out with copies certified by a notary.
As you can see, this process is quite complicated. Therefore, we are ready to offer you qualified legal services. High-quality and fast preparation of financial statements and audit in England and Cyprus – this is our speciality.
If your company is located in Cyprus, then you should remember that the legislation of this country states that each company must appoint a special Public Auditor. We can play his role, because our lawyers know all the subtleties that require the preparation of financial statements and audit in Cyprus in 2015. Grow your business the right way. Contact us!
Maksym Stepanenko
Managing Partner, Crystal Tax
International client projects since 2012: company structures, tax, immigration, DUNS and NCAGE. 50+ jurisdictions.
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Our advantages
Corporate structuring, company registration in Ukraine and abroad, tax and reporting, migration, bank accounts, DUNS and NCAGE codes. We run the whole project, from choosing the solution to the finished documents.
Confidentiality terms are set out in our contract. We do not pass information about a client or their project to third parties, except where the law expressly requires it.
We compare jurisdictions against your business task: tax regime, reporting, substance requirements and access to banking. On the call we go through the upsides and the limits of each option.
We name the timeline for every step before the work starts — it depends on the jurisdiction, the registrar and the bank. Personal data is used only to deliver the service.
We handle the correspondence with registrars, government bodies and banks and answer their requests ourselves. From you we need documents and signatures.
We take each case to the finish: if an authority or registrar comes back with remarks, we revise the documents at no extra charge. The fee is calculated for your task before work starts.