Accounting and Compliance

In order for a company to increase its profitability and maximize its shareholders’ wealth, management needs to be able to concentrate on the core – revenue earning activities.

In enabling our clients to save valuable time and achieve a better financial performance, our office can provide accounting and bookkeeping services which include the following:

Accounting

• Maintenance of proper books and records by using computerized accounting system which allows the preparation of financial statements and reports in every major currency.
• Periodic management accounting reports which are tailored to the client’s needs can be prepared whenever needed.
• Various reports for management purposes such as budgets, cash flow forecasts along with variance reports against actual results.
• Assistance with the preparation of tax and VAT returns
• Preparation of financial statements and consolidated financial statements in accordance with International Financial Reporting Standards (IFRSs)

Corporate statutory compliance

• Provision of registered office, nominee directors, nominee shareholders and company secretary
• Advising and assisting in the selection and formation of the appropriate business entity or trust
• Handling minutes of directors’ and shareholders’ meetings
• Handling corporate changes
• Handling statutory filing requirements
• Maintaining statutory records
• Carrying out company searches at the offices of Registrar of Companies
• Handling the legalization of official documents
• Preparation of power of attorney and commercial agreement

Payroll

Registration of the company (as an employer) to the authorities

• Assisting in obtaining work and residences permits
• Advising on employment contracts and employment law issues
• Advising on regulations and tax issues affecting expatriate employees
• Collecting employees’ details
• Liaising with the income tax authorities and the Department of Social Insurance
• Effecting payments to employees and Government Authorities
• Preparing tax returns and all other relevant forms and returns