The island of Cyprus has experienced some radical changes during the last forty years. From a predominantly agricultural and light manufacturing economy it transformed itself in the early 1980s into a services economy with tourism and professional services as the country’s major sources of income.

Our entity, BDO Ltd was established in 1985 and is ranked amongst the island’s largest providers of professional services. We have a presence in the key business cities – Nicosia (our head office) and Limassol – employing 80 people.

Our firm has placed particular emphasis on serving international and foreign clients, has maintained a close affinity with clients from central and eastern European countries and has continued to develop its international business expertise. The significance of double tax treaties between Cyprus and East European countries attracts businesses and investors from all over the world including North America and Western Europe. By setting up their investments through Cyprus they take advantage of the favourable tax treaties. Cyprus joined the EU on 1 May 2004.The existing favourable double tax treaties remain intact, the tax rates are still attractive and the island is now without doubt the holding company regime of choice. Moreover, the island is the natural springboard through which non-EU companies will gain access to the recently enlarged EU market.

Our Cyprus practice has developed a full range of services including assurance and audit, consulting, tax, corporate finance, international tax planning, corporate and trust, legal and support services specifically designed to assist international clients to meet their cross border objectives. We serve them in a personal way providing them with our services, advice and professional knowledge.