Services

Our Services

Professional services for businesses operating in Cyprus.

Solumatics AuditX Ltd provides audit, accounting, tax, VAT, VIES, corporate, payroll, banking and advisory support for local and international businesses.

Comprehensive Support

Clear, reliable and compliance-focused professional services.

Our work combines professional standards, technical expertise and practical business understanding, helping clients maintain accurate reporting, regulatory compliance and well-structured operations.

Professional framework

Audit and reporting work is carried out with reference to International Financial Reporting Standards and International Standards on Auditing, where applicable.

Service Areas

Detailed professional support across every business stage.

01

Auditing & Assurance

Our Auditing & Assurance services are designed to deliver clarity, confidence and credibility. We conduct thorough, independent audits in accordance with International Standards on Auditing, supporting regulatory compliance, financial transparency and stakeholder trust.

Statutory Audit

  • Private companies incorporated in Cyprus
  • Consolidations for groups of companies
  • Multinationals
  • Sole traders
  • Joint ventures and partnerships
02

Accounting Services

We offer accounting services tailored to support businesses of different sizes, ensuring accurate bookkeeping, timely financial reporting and compliance with statutory requirements.

We may assist with

  • Maintenance of the general ledger
  • Reconciliation and analysis of bank accounts
  • Preparation of management accounts and other reports
  • Preparation of standalone and consolidated statutory financial statements in accordance with IFRSs
  • Consultation on appropriate accounting treatments
03

Internal Audit Services

Our Internal Audit Services provide an objective assessment of governance, risk management and internal control frameworks. Through a structured approach, we help identify inefficiencies, mitigate risks and improve operational performance.

Assurance & Controls

  • Evaluation of internal controls
  • Operational and financial audits
  • Compliance with laws, regulations and internal policies

Risk Management

  • Enterprise-wide risk assessments
  • Fraud risk evaluation and investigations

Advisory & Improvement

  • Process optimization and efficiency reviews
  • Policy and procedure enhancement
  • Pre-implementation reviews for new systems or processes
04

Taxation, VAT & VIES Services

We deliver Taxation, VAT and VIES services to help businesses remain compliant with Cyprus and EU legislation. Our support covers strategic tax planning, accurate submissions and proactive guidance designed to reduce unnecessary exposure to penalties.

Corporate Tax

  • Registration with Income Tax Authorities
  • Corporation tax
  • Tax clearance certificates on liquidation and strike-off route
  • Personal taxes, income tax returns and capital statements
  • Advance tax rulings for companies
  • Capital gains tax
  • Tax certificates

International Tax

  • Strategic tax planning for investments and cross-border transactions
  • Advice on permanent establishment matters
  • Transfer pricing studies
  • Relocation and domiciliation services for companies and individuals
  • Tax advisory on the Cyprus Intellectual Property Tax Regime, IP Box

Indirect Tax, VAT & VIES

  • VAT registration assistance
  • Preparation and filing of VAT returns
  • Preparation and filing of VIES returns
  • VAT planning and consulting
05

Corporate Banking and Payments

Our Corporate Banking and Payments support is designed for businesses that require practical assistance with banking relationships, payment solutions and documentation requirements in Cyprus or internationally.

We may assist with

  • Opening of bank accounts and e-wallet accounts in Cyprus or abroad
  • Opening client bank accounts for licensed entities such as brokerage firms, Forex firms and payment institutions
  • Opening of merchant accounts
  • Bank signatory services
  • Bank account management services
06

Corporate Services

Our Corporate Services support clients throughout the business lifecycle. We assist with company formation, secretarial support, statutory compliance and corporate governance, working closely with reputable law firms where legal services are required.

We may assist with

  • Setting up a company with the Registrar of Companies
  • Drafting the memorandum and articles of association through reputable law firms
  • Advice and assistance in the preparation and drafting of shareholders’ agreements
  • Provision of Cyprus tax resident directors, shareholders, company secretary and registered office address through independent service providers
  • Liaising with registered agents, trustees, authorised representatives and other required officials
  • Assistance with the change of the legal seat of a foreign company to Cyprus
07

Business Consulting & Planning

We provide forward-thinking Business Consulting & Planning services for organisations launching a new venture, restructuring operations or seeking strategic direction. Our advisory support is practical, data-driven and aligned with each client’s objectives.

Financial Planning

  • Budgeting and forecasting
  • Cash-flow planning
  • Financial modelling

Strategic Planning

  • Business strategy development
  • Market and competitor analysis
  • Feasibility studies

Business Setup & Compliance

  • Company formation guidance
  • Business plans for banks and investors
  • Policy and procedure development

Risk & Opportunity Assessment

  • Risk identification and mitigation
  • Evaluation of growth opportunities

Business Advisory

  • Operational efficiency reviews
  • Process and organisational optimization
  • Cost-reduction initiatives
08

Payroll & Social Insurance

Our Payroll & Social Insurance services ensure accurate, confidential and compliant payroll processing. We manage salary calculations, statutory contributions and reporting obligations, allowing clients to focus on their core business.

Payroll Processing

  • Monthly payroll calculation and execution
  • Salary, overtime, bonus and allowance processing
  • Statutory deductions and contributions

Compliance & Reporting

  • Preparation and submission of social insurance, tax and other statutory filings
  • Compliance with labour laws and regulatory requirements
  • Year-end payroll reporting

Employee Support

  • Payslip issuance and payroll queries
  • Management of leave, absences and attendance data
  • Onboarding and offboarding payroll updates

Administration & Records

  • Maintenance of employee payroll records
  • Payroll reconciliations and audit support
  • Coordination with HR and Finance departments

Confidentiality & Controls

  • Secure handling of sensitive employee data
  • Internal controls to ensure accuracy and prevent errors
Need professional support?

Speak with Solumatics about the right service for your business.

Our team can assist with audit, accounting, tax, VAT, corporate, payroll, banking and advisory matters in Cyprus.

Contact Us

Solumatics AuditX Ltd is an independent professional services firm based in Nicosia, Cyprus, providing audit, accounting, tax, corporate, payroll, banking and advisory services.

70087871 +357 22 251871 info@solumatics.com.cy
+357 22 816012
27B Digheni Akrita & 2 Naypaktou, PELECANOS COURT 10, Office 202, 1055 Nicosia, Cyprus
P.O.Box 20867, 1664 Nicosia, Cyprus
Contact Us