Services

According to the Tax Laws all companies and individuals registered with the Tax Office are required to have their annual financial statements audited. Statutory audits of financial statements are conducted according to the local legislation.
Fikri & Co auditors posess the technical expertise required to perform audits for all types of businesses in various sectors.

Reviews involve providing a limited form of assurance by performing detailed procedures on financial statements with a view to identify any problems that may exist in the financial statements.

Agreed Upon Procedures cover an agreed aspect of your business and the report provided at the end of the assignment does not provide any assurance.

Our firm also provides other assurance services which may entail verification of compliance with certain standards or other specific assignments.

With thorough knowledge of the tax system in TRNC we can assist corporates in tax planning and compliance issues as well as assistance on resolution of all types of Tax disputes.

We can provide individuals expert advice in their financial affairs and tax planning. Annual Inome Tax returns for individuals are prepared by our tax specialists and submitted on time. Any Tax assessments can also be dealt with by our team liasing with the Tax Office on your behalf.

Our VAT service includes preparation and submission of monthly VAT returns, consultancy on VAT issues and dealing with the Tax Office in case of VAT assessments.

We can assist you in formation of companies in North Cyprus. To this end after the approval of a proposed company name by the Companies Registrar the Memorandum and Articles of Association is prepared along with other necessary forms and submitted to the Companies Registrar. The process ise followed up by our team from beginning to end. Once the company is incorporated we can assist you further in registering it with the relavant authorities in order to start trading.

Companies are responsible for meeting certain compliance requirements with regards to the relevant legislation. We can assist you in maintenance of statutory records of the company and filing of statutory forms to the Companies Registrar as well as other secretarial procedures.

Our accounting services include maintenance of accounting records, preparation of interim and annual financial statements, preparation and submission of monthly VAT and other tax returns, preparation and submission of annual corporation tax returns for corporates and annual income tax returns for individuals and consultancy for clients with in-house accounting departments.

Our payroll services include preparation of the firm’s monthly payroll reports, preparation and submission of monthly & annual reports to the Tax Office, Social Insurance Department & Provident Fund, registration of employees & employers to the relevant authorities, maintaining the records and updating the authorities for new employees & leavers as well as handling other other employment issues and consultancy for clients with in-house payroll departments.

We can provide assistance to our clients in procuring employment permits for their foreign employees as well as assistance to foreign employers to procure business permits.

Our firm offer expert advice to your business on all aspects of corporate finance at every stage of its life cycle. We deal with clients across a variety of industries and we can support businesses in various areas such as due diligence, valuations, acquisitions and disposals, project finance as well as other aspects of corporate finance.

Our firm offer a range of advisory services as part of other advisory services. These include areas such as internal audit, business restructuring, consulting services for projects funded by international organisations as well as other areas according to our clients’ requirements.