Our firm has the expertise to undertake your payroll processing using the latest software packages and a team of qualified people to do the actual processing and submission of the necessary documents to the relevant authorities.

“It’s amazing! After outsourcing the payroll to Oneserve Ltd, our productivity went up by 25%, mistakes were reduced and the stress factor has gone down to 0%! Thank you Oneserve for this and I wonder why we never thought of using this service from the beginning!” Financial Controller of a Trading Company

Reasons to undertake your payroll processing

• Cost. Big businesses can afford to have a payroll department. For small businesses, however, an in-house payroll service will increase the budget.
• Productivity. Payroll management is a time-consuming activity. With this burden removed, your employees can focus on doing more productive things.
• Accuracy. A payroll-service provider is far less likely to make a serious error than your in-house staff.
• Reliability. In-house payroll activities function as reliably as the people doing the work and for that reason we have an experienced team handling the payroll.
• Insight. A good payroll-services provider will know all the ins and outs of payroll-related tax legislation.
• Worry. There's a lot to be said for the peace of mind that outsourcing payroll services can bring to a business owner or manager. No headaches, no hassles: You're left to focus on running a profitable business.

Welcome to our tax department

A tax consultant is also referred to as a tax advisor as he advises you on the best practices that can MAXIMIZE your tax refunds and tax savings. We are trained so that we can help you manage your taxes and cash flow as well. Filing your taxes can be a time consuming exercise and using our tax services you can MINIMIZE that burden.

Our mission is to provide high quality advice and service to all of our clients. We pride ourselves on our PROACTIVE business planning and advisory services, which go far beyond traditional accountancy and tax compliance work. We can work with you to identify STRATEGIES that will help your business SUCCEED, and to make your personal wealth work for you.

Whether you’re a proprietor, director, shareholder or just a visitor, there is something on offer for everyone.

Most business owners, as their companies expand, need to invest all of their attention in the company and its growth. As a result they don’t have time to deal with the tax issues or even the tax schemes that are available that aim to minimize the tax burden always of course taking into account the ethical and professional rules and regulations. That is why using a professional tax advisor is the best option for you and your highly esteemed organization.

In response to requests from our clients we have evolved to offer a comprehensive portfolio of executive recruitment services which provide our clients with outstanding solutions to all of their employment needs.

Why choose us?

• Saving time. The time taken to write specific adverts and publish them in the proper media is enormous. Our experienced people know how to design the advert so that it attracts the right candidates. Then they will publish it in the relevant media to maximize exposure.
• Saving money. Doing the recruitment yourself may save you money at first but may cost you a lot more in the future. If you employ the wrong people then the cost of training them and the cost of their mistakes will cost you much more than investing in us to do the right job for you.
• Using our expertise. We have experience in screening and selecting the right candidates for your needs.
• Using our database. We already have a database of candidates which we may refer to you, thus saving you time and money.
• Using our contacts. We have contacts in the local and overseas market and can get you a short list of possible candidates.

Our associated company Oneserveplus Ltd is set to offer a full comprehensive audit and assurance services package to all of our esteemed clients.

An audit is the independent examination of, and the expression of an opinion on the financial statements of a company.

Our promise to you

• We will examine the financial statements of your company and give you feedback on all high risk areas in the form of a management letter. This is a list of useful suggestions on areas you need to improve in the future for the smooth running of your business.
• We will enter all end of year adjustments needed to streamline your accounts according to the International Financial Reporting Standards.
• We will ensure that your results are acceptable by the Inland Revenue checking all expenses and making sure that they fall under the tax allowable rules.

Our Values Are:

• Reporting: Focus on significant, timely, and useful information for management and the public.  Strive to make our reports accurate, clear, convincing, objective, fair, and constructive.
• Ethics: Be honest, considerate, and work to maintain a high level of credibility with management and the public.  
• We make an effort to efficiently use of our time.
• Relationships: Communicate in a friendly way and aim to be fair and objective.
• Development: Seek to improve our knowledge, skills, and abilities through training, work experiences

Oneserve Ltd provides satisfied clients with targeted business consulting services. Our dedicated team provides innovative, industry-specific solutions, combined with unparalleled customer attention. This is what sets us apart from other consultants.

Why choose Oneserve as your Consultants?

• Tailor made service: we are able to tailor our services to provide custom solutions for maximum business potential.
• Strategic Methodology: Our consultants use their expertise to create innovative solutions for each client. We are constantly refining and improving our services, whether through our continuous investment in employee training, or by encouraging a positive corporate environment of collaboration, innovation and growth.
• Strong Business Consulting Services: We consider ourselves not only accounting consultants, but comprehensive business consultants for all areas of operation. Our goal as your business consultants is to help your business succeed in every way we can.
• A Commitment to Customer Care: Our consultants are always  there for you providing the feedback and support you need, exactly when you need it.

Contact us today to see what our customized business solutions can do to help you save money, streamline your business processes, and responsibly plan for the future. Let our consultants help you take your business to the next level and give you an edge over your industry competition.

Before your business can begin operating as a limited company, it has to be registered with the Registrar of Companies at Companies House. Incorporation is the process by which a new or existing business is formed as a company.

This information will help you understand the registration process and looks at the requirements that different types of companies must meet. It focuses mainly on private companies limited by shares, but will also highlight some of the specific requirements for private companies limited by guarantee and public companies.

You can incorporate the company yourself, but should seek professional advice before you do so to ensure that incorporation is right for you.

Legal requirements

The Companies Act governs the registration and operation of businesses.

Types of legal entities

Interested investors can set up the following legal entities in Cyprus:

• companies (private or public);
• general or limited partnerships;
• branch offices;
• sole trader.

Administrative procedures

Express package

This package offers both Cypriot and foreign investors the following assistance:

• Guidance;
• Business registrations;
• VAT registration,
• Registration for income tax;
• Social insurance registration and employer registration;
• Applications for residents' and work permits.
• Registrar of Companies and Official Receiver

The above procedure can be completed within one week.

Registering a company

The first step is to send an application to the Registrar of Companies for approval of the company name. This costs either €8.54 or €25.63 for a fast-track service. The business's relevant documents are then sent to the Registrar of Companies.

Business registration documents include the articles of association and are submitted after being verified by a member of the Cyprus Bar Association. Items such as articles of association may be submitted in any European language along with a sworn statement confirming that it is an accurate translation of the Greek original.

Social insurance registration

Any company employing one or more persons must be registered under the National Insurance Scheme. This can be done by completing certain forms which must be submitted to National Insurance District Offices or Citizen Service Centers within one month after the recruitment of a new employee. Details about the forms can be given upon request or can be obtained online through the website of the District offices of labour.

Tax registration

Any company or person operating in Cyprus must be registered to the Inland Revenue Department. This can be done by submitting the relevant forms and the company will then receive the relevant Tax Identification Code (T.I.C).

With regard to VAT, anyone supplying goods or providing services, involved in intra-community acquisitions or distance selling in Cyprus must register to the Customs and Excise department.

Corporation tax

Limited companies have to pay corporation tax on their income and profits. They also need to operate a PAYE (Pay As You Earn) system to collect and pay income tax and National Insurance contributions from their employees - including company directors.
The company itself must work out how much corporation tax it needs to pay, using a self assessment system. To avoid paying penalties, it's important to understand how this system works and when your company needs to make returns

ADVANTAGES TO INCORPORATE IN THE EUROPEAN UNION UNDER A VERY LOW TAX SYSTEM CYPRIOT OFFSHORE COMPANIES ADVANTAGES

• There is only 10% declared corporate profit tax (4.25% for the companies formed before 2002)
• Dividends to shareholders are tax free.
• Double tax treaties have been concluded between Cyprus and 38 countries, Russia, Ukraine including
• Offshore companies situated in Cyprus may purchase various items for their own needs duty free
• The owner of a Cypriot off-shore company may remain anonymous using our nominee services.
• Cyprus is a major offshore and onshore business centre, with great business facilities and thousands of offshore companies. It is also a wonderful place to be, close to almost everywhere by air and with a very good communications network.

Our firm is committed to providing professional development opportunities for all members of the staff and the accounting professionals all over Cyprus. Our Training and Development Department offers personal and professional development opportunities for administrative and professional people.

Our department focuses on learning areas which help each of us reach our own potential as well as work effectively with others. By accessing our database you will find a wide variety of professional development opportunities which are provided free of charge to our personnel and upon payment of a reasonable investment fee for our clients and other professionals around Cyprus.

Clients and staff are encouraged to pursue professional development utilizing internal and external resources. Please let us know how we can assist you in your personal, professional and departmental development needs.

CPD for professionals

During the last decade professional bodies around the world realized the significance of keeping knowledge up to date for all professional members who practice accounting, law and medicine.

Our firm supports the above premise and offers many courses that count towards CPD requirements ranging from basic soft skills to advanced technical issues. Details of our programs are submitted upon request and you can find out more when you speak to the person in charge.

HUMAN RESOURCE MANAGEMENT

Human Resource Management is defined as the people who staff and manage organization. It comprises of the functions and principles that are applied to retaining, training, developing, and compensating the employees in organization.

TRAINING AND DEVELOPMENT OBJECTIVES

The principal objective of training and development division is to make sure the availability of a skilled and willing workforce for our clients or any organization who wishes to engage us in finding talent for them. In addition to that, there are three other objectives: Individual, Organizational and Functional.

Individual Objectives – help employees in achieving their personal goals, which in turn, enhances the individual contribution to an organization.

Organizational Objectives – assist the organization with its primary objective by bringing individual effectiveness.

Functional Objectives – maintain the department’s contribution at a level suitable to the organization’s needs.