Corporate Banking Services by Asterisk
Our experienced banking department provides a full range of banking related services for Cyprus Companies or other jurisdictions including advice and support for bank account opening and maintenance, issuing of debit cards, and undertaking the execution of your daily bank transactions.
We are ready to provide you a bank account administration support as follows:
- Assistance with the bank account opening process: We will liaise with the banking institution of your choice (or the one we will recommend) in Cyprus and abroad, providing them with everything they will need for the opening of the bank account your Company.
- Appointment of a trusted individual as a bank signatory: We will always act on the bank account after we obtain your review and approval of the transaction in hand.
- Creation and execution of bank payment orders: We can create payments in the online account of the Company to be approved by the Directors of the Company for execution
- Liaising with bank officers on Know-Your-Client procedures and AML matters: From time to time banks require updates in the KYC folder of the Company for which we can assist with, providing them with everything they will need for their work.
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We provide the service we would like to experience ourselves. Contact us today to see how we can better assist you.
INTELLECTUAL PROPERTY IN CYPRUS
Intellectual Property – IP Box Regime
Cyprus offers one of the most attractive Intellectual Property (IP) tax regimes in Europe. Under the Cyprus IP Box, eligible profits from qualifying intangible assets may benefit from an effective tax rate as low as 2.5%, in full alignment with OECD guidelines and the nexus approach.
At Asterisk Corporate Services, we provide end-to-end support to help you benefit from the regime, including:
Incorporation of a Cyprus company tailored for IP development or management
Assessment and classification of qualifying IP assets, structuring and related matters
Preparation and submission of the tax ruling application, a necessary step to confirm eligibility
Accounting, bookkeeping and tax compliance services under the IP Box rules
Support with audit and liaison with the Tax Department to maintain full compliance
Explore more details about the regime in our Cyprus IP Box Guide.
Let us help you structure your IP strategy efficiently and compliantly within the Cyprus legal and tax framework.
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We provide the service we would like to experience ourselves. Contact us today to see how we can better assist you.
Work permits - Cyprus
Our specialized team of immigration lawyers and consultants assist our clients on successfully applying for Employment Permit, to live and work in Cyprus.
We will inform you on all the requirements to register your Cyprus Entity as an entity of Foreign Interests with the Civil Registry and Migration Department (CRMD). We will also inform your employees on the required documents for their Cyprus Work Permit and liaise with them at all times until everything is collected.
After the documents are received we will make the necessary submissions and go with the employees through the whole process with the CRMD and liaise with them up until the Cyprus Work Permit is issued.
We ensure that the relevant filing forms are well completed and that you are represented by our firm on every step of the process. We shall further let you know in advance what might be needed or will it be necessary for a successful outcome.
Permanent Residence Permits - Cyprus
Interested in a permanent residence permit in Cyprus? Our specialized team can assist you accordingly:
We will inform you on all the requirements to register your Cyprus Entity as an entity of Foreign Interests with the Civil Registry and Migration Department (CRMD). We will also inform your employees on the required documents for their Cyprus Work Permit and liaise with them at all times until everything is collected.
After the documents are received we will make the necessary submissions and go with the employees through the whole process with the CRMD and liaise with them up until the Cyprus Work Permit is issued.
We ensure that the relevant filing forms are well completed and that you are represented by our firm on every step of the process. We shall further let you know in advance what might be needed or will it be necessary for a successful outcome.
CONTACT US
We provide the service we would like to experience ourselves. Contact us today to see how we can better assist you.
EFFICIENT & Cost effective AUDITS
Through our reputable associate Audit Firm we aim to to perform an efficient audit and give you insight and context from our findings to enable you in making informed and confident decisions
Our audits are conducted following the International Standards on Auditing (ISAs). We follow a risk-based approach streamlined and tailored to the specific characteristics and needs of the Company.
Organisations and the regulatory environment they operate in, have grown incredibly complex and the necessity to prepare Financial Statements that meet these quality requirements is ever increasing. Other than the statutory requirement to prepare and submit financial statements, owners who are the primary users of the Financial Statements rely on the audited numbers, disclosures, and our audit opinion to make informed and confident decisions. Banks who have financed the Company will also expect to receive timely and credible financial reports as to the status and security of their loans.
HOW WE DO IT
Staff members of our associated audit firm, qualified auditors, will gain an understanding of the business, its operations and the important issues facing the client company. We are proactive in our communication and responsive to the clients’ needs and we work to ensure that there are no surprises close to the set deadlines.
We do not see the audit as merely a commodity but strive to add value to the auditing process. We achieve this by pointing out weaknesses in the internal control systems we have identified, areas of improvement and suggest better allocation of resources and cost saving opportunities. We provide our clients with our insight together with tangible and straightforward recommendations on how to improve.
CONTACT US
We provide the service we would like to experience ourselves. Contact us today to see how we can better assist you.
Legal Services
Our associate legal team shall advise and support you on all your legal needs from the pre-structuring phase through implementation and post-setup support, drafting all legal documents required in the process. We focus on the provision of concise and trusted advice on all aspects of company law Indicatively.
- Corporate structuring of transactions, customized to the clients’ needs and objectives to achieve the optimal structure for each individual case;
- Advice and support with regards to all corporate actions of the company, providing innovative solutions on capital restructurings (increase and decrease of capital), funding options for companies, conversions, differentiation of capital structure and convening and holding meetings and adopting internal regulations;
- Advising and providing full support with the implementation of all types of corporate resolutions and decisions;
- Assistance with pre-formation structuring, with regards to joint-ventures, drafting of shareholder agreements and customized constitutional documents;
- Formation , dissolution and re-instatement (where possible) of all types of legal entities formed under Cyprus Law;
- Advice and support with the sale and purchase of shares in Cyprus companies;
- Advice and support with all types of mergers and acquisitions with regards to both domestic and cross-border mergers, takeovers, demergers and disposals, corporate reorganisations and restructurings;
- Advice and support with management buy-outs and earn-outs and setting up of benefit schemes for management and employees and their transposition in the company’s constitutional documents;
- Advice and support with the re-domiciliation (transfer of legal seat) of companies in and out of Cyprus (within the EU and non-EU Jurisdictions);
- Performance of full scope corporate and commercial legal due diligence;
- Setting up of structures including setting up of partnerships and formation of trusts;
- Conversions of companies from private to public and vias versus.
CONTACT US
We provide the service we would like to experience ourselves. Contact us today to see how we can better assist you.
