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Indirect Tax
Our experienced VAT specialists are available to assist companies and entrepreneurs of all industries and sizes in meeting their obligations.
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Direct Tax
We can help you ensure a bespoke balance between tax compliance and effective tax planning for your special circumstances.
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Privacy and Data Protection
Our digital risk team is made up of a combination of subject matter experts and technical specialists who can help your business comply with the GDPR.
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Governance, Risk and Compliance (GRC)
While business goals and strategies evolve, our services support you wherever you are in your business cycle. The digital economy is simultaneously increasing the magnitude of new business opportunities while increasing the difficulty of getting it right.
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ISO 27001 and ISO 27701
Grant Thornton’s ISO 27001 and ISO 27701 specialists will arrange and oversee the formal audit process.
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SOC 1,2,3
As a service organization there are many ways to provide assurance to your customers and in turn other stakeholders over your control environment. One of the most effective and cost-efficient ways is to issue a Service Organization Control (SOC) Report.
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Incident Response
Grant Thornton’s Cyber Incident Response Team can support your business in the event of a cyberattack or data loss event. We work alongside your existing IT and Legal teams to provide a co-ordinated, timely and efficient investigation and remediation.
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Hacking Services
At Grant Thornton, our cyber security experts can develop a bespoke penetration testing plan to meet your business needs and unique IT environment. We can undertake the full suite of testing or conduct individual assessments, as required.
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Cyber Health Check
Approximately 54% of organizations report that they have experienced at least one cyber-attack during the past year. Grant Thornton’s cyber health check provides you with an objective, jargon-free assessment of your current cyber security, drawing on both qualitative and quantitative elements.
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Dark Web Threat Intelligence
We use a variety of dark and deep web monitoring tools that continuously scans illegal sites to discover any mention of your data, ranging from breached security credentials such as usernames and passwords to leaked confidential documents of your company.
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Digital forensics and electronic discovery
We offer a full suite of digital forensics and data acquisition services in investigations related to cybercrime, disputes, fraud and regulatory investigations.
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Insolvency
If you're facing a time of personal or corporate financial crisis you need advice from someone who listens, who understands your specific issues and deals with them in a supportive and sensitive manner.
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Crisis stabilisation and turnaround
In periods of financial distress, management teams often face considerable challenges, with many directors having little or no experience of similar conditions.
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Operational and financial restructuring
Companies challenged by underperformance often need support in identifying options for financial or operational restructuring. Tapping this type of advice helps them create a stable platform for business turnaround.
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Accelerated M & A
Even fundamentally sound businesses run into difficulties. Cash flow can come under pressure from the loss of a big client, or a dip in performance can threaten a breach of banking covenants if there is insufficient headroom.
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Life at Grant Thornton
At Grant Thornton Cyprus, we are taking a holistic approach and reimagining the way we work, continually assessing it and making necessary changes to better support our people.
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In the community
Unlocking the potential for growth in our local communities.
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Diversity and inclusion
Diversity helps us meet the demands of a changing world. We value the fact that our people come from all walks of life and that this diversity of experience and perspective makes our organisation stronger as a result.
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Global talent mobility
One of the biggest attractions of a career with Grant Thornton Cyprus is the opportunity to work on cross-border projects all over the world.
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Learning and development
At Grant Thornton we believe learning and development opportunities allow you to perform at your best every day.
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Our values
We are a values-driven organisation and we have more than 56,000 people in over 140 countries who are passionately committed to these values.
Distributed Ledger Technology
Technology has transformed our lives
The way we work, play, and do business has changed. It has offered new solutions to old problems, disrupted traditional business models, and helped us grow through becoming more efficient. One of the most disruptive is distributed ledger technology and its most common application is blockchain.
Blockchain, or distributed ledger technology uses cryptographic tools and a distributed consensus process to create a significant innovation in traditional record keeping. Its three main features are:
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Veracity
![Veracity]()
Multiple copies (as opposed to a single copy) of the complete historical record of ledger entries are each verified by consensus. -
Disintermediation
![Disintermediation]()
It operates using a peer-to-peer network, rather than requiring a specific central organisation. -
Transparency
![Transparency]()
It is a public record of activity that can be seen by all market participants.
Our services
Having recognised early on the disruption this technology will cause to the way traditional industries go about their business, Grant Thornton Cyprus set up a specialized business unit offering a series of services to companies that are interested in exploring a whole new world of opportunities opening up for them through the implementation of blockchain technology. We service a multiple of industries such as Property Development and Financing, Supply Chain Management, Renewable Energy, E-commerce, Entertainment, Occupational Health and Safety, Finance, among others.
Leading a group of experts in the field of real estate, Blockchain, law & regulation and web 3.0, we have created "FuturEstate Alliance", bringing stakeholders even closer to real estate tokenization, the most modern form of investment in real estate worldwide.
As digital assets (or crypto assets) are increasingly present on company Balance Sheets, the need for accountants and auditors alike to develop the skillset to account and audit such assets for existence, ownership, and valuation accuracy, is becoming more impending. Recognizing early on the importance of this class of assets for both institutions coming from these new spaces but also from traditional sectors of the economy, we have invested resources to develop a methodology for performing such assessments and executing such assignments.
We can add value by providing a holistic advisory role to strategically support your organization in each step of its digital transformation with detailed guidance on the usage of blockchain and DLT. Understanding blockchain’s potential for executive strategic decision making.
When addressing business challenges with blockchain technology, organizations need to take into consideration complex regulatory frameworks, risk, audit, tax, and compliance implications on a case-by-case basis.
Qualified assurance reporting for compliance and effectiveness of AML/CFT policy and procedures. Digital Forensics, asset tracing and recovery, chain analysis and due diligence legal risk assessments for wallet custodians according to applicable laws and regulations. Seed protection and wallet custodian services and infrastructure providence.
Exploratory studies to identify early-stage possible implementation concepts, including feasibility studies, infrastructure development, such as technical and/or financial viability assessments of blockchain protocols to achieve specific business goals, proof of concepts (PoCs), blockchain architecture, and product development, followed by sandbox testing and quality assurance.
We perform agreed-upon procedures engagements on the verification of the Crypto Fund’s Portfolio reference value for transparency purposes and increased investor confidence. Our engagement is conducted in accordance with the International Standard on Related Services (ISRS) 4400 (Revised), Agreed-Upon Procedures Engagements.
The development of Smart Contracts which comprise the business process logic for a specific use case, referred to as Decentralized Applications (dAppss), is paramount. In the same way that complex regulatory and compliance issues may inhibit a company’s success, workflows, such as transaction privacy between different organizations, business processes immutability, and intellectual property, are all areas of concern that need to be evaluated.
Providing subject matter expertise to audit smart contracts is critical with the aim of minimizing risk for security vulnerabilities, regulatory compliance, business logic, code and network complexities, library versioning, and error routing.
Topics covering Blockchain 101 and beyond, regulation, strategy, the current state of the technology, and real-world use case applications.
Investigation, classification and monitoring of wallet addresses and transactions. Digital forensics, asset tracing and recovery.
Industries we have developed solutions for include:
- Real estate
- Supply chain management – high value retail items and enterprise logistics
- Food safety – agriculture
- Anti-counterfeiting
- Document management
- Health and safety
- Financial services
Partnerships
Discover new business opportunities utilizing blockchain technology and learn how are working towards the next digital age. How are you adapting? Contact us and we will get back to you to discuss existing and new business opportunities. We look forward to helping you explore the potential of blockchain technology and expand your business going into the 4th industrial revolution.
We have partnered with:
