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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.
Regulatory Compliance and Fund Services
At Grant Thornton Cyprus, we have a deep understanding of the regulatory framework and our professionals work closely with clients to understand their strategy and benchmark their performance against the very best international standards across both established and new joiners. This approach allows us to develop clear and innovative solutions to deal with the challenges they face and help them to evolve and prosper in a changing environment.
Our services extend to provide an exceptional level of regulatory and compliance support to institutions across the financial services and other regulated industries.
We offer expertise and forthright advice in the following areas:
Licencing
We can assist firms in the preparation of applications for new authorisations as well as licencing amendments and extensions by regulators in Cyprus, other EU and offshore jurisdictions for:
- Investment Firms
- Investment Funds and Fund Managers
- Payment Institutions
- Electronic Money Institutions
- Credit Acquiring Companies
- Gaming Licenses.
Compliance Consultancy
We offer a range of services for clients seeking solutions from a strategic, business as usual or problem-solving perspective.
These include support in the design and implementation of systems and controls, conducting compliance health checks and controls reviews, undertaking regulatory gap analyses, preparing management for regulatory visits, and the design and delivery of training to staff.
We can provide assistance on retainer, or with remedial work required under a risk mitigation programme, including undertaking skilled persons reviews.
We can also assist clients with their regulatory programmes and projects, for example, through the provision of subject matter expert advice or the secondment of technical or project resource.
Capital Requirements and ICAAP Advisory
Our capabilities cover both Capital Adequacy and ICAAP requirements for financial services firms. Our offerings include:
- ongoing CRD IV Support
- preparation of Periodic Capital Adequacy Reports
- preparation/Review of Pillar III Reports
- preparation/Review of ICAAP manual
- preparation/Review of Annual ICAAP Report
- consultation on ICAAP process
- review of scenarios and stress testing parameters.
Risk Management
Managing risks while providing value is crucial in today’s ever-changing business landscape.
All organisations whether big or small, public or private have risks that they must acknowledge and manage proactively to support their success.
Risk and profitability are inextricably linked. The key is finding the balance that will allow you to meet your goals. Simply put, risk is anything that can come between you and your business goals - people, economic pressures, technological advances, regulatory compliance requirements or changing legislation.
Effective risk management - including governance and standards compliance - requires investment and should therefore be a source of competitive advantage. At Grant Thornton Cyprus, we believe your investment in business risk management goes beyond compliance. It leads to tangible business improvements.
Our team can provide assistance to organisations that are looking to implement or improve their risk management practices and help them to achieve the best balance between minimising risk exposure and increasing profitability.
Our risk management services:
- enterprise risk management advisory
- risk identification facilitation
- risk framework design and assessment (based on COSO or ISO 30001)
- reviewing risk responses
- risk maturity assessment
- outsourced risk management services for investment firms and funds.
AML Compliance Services
Grant Thornton Cyprus has the in-depth knowledge and expertise to help clients keep compliant with AML/CFT regulation by providing the following services:
- creation/assessment of practices, manuals, procedures, and controls
- know your customer onboarding workflows
- risk rating methodology creation or review
- on-demand enhanced due diligence
- regulatory requirements advisory
- model and system validation and optimization.
Fund Services
We offer a full range of tailored solutions to the funds industry both in Cyprus and other jurisdictions.
Fund Set-Up
Grant Thornton Cyprus will assist you in every step of your project, working with you to find the structure that will meet your regulatory, strategic, marketing and operational needs. We will help you to structure your fund in the most efficient way and support you for the lifetime of your fund.
Our services include helping you to implement your new strategies or to use new assets in line with regulatory constraints, supporting you as you negotiate the regulatory wave and making sure you are appropriately alerted each time the new regulation impacts your fund or business model.
Fund Administration
We also take care of day-to-day middle and back office functions, supporting our clients so they can focus on their primary objective and mainly on the performance of their funds.
We provide services to clients managing onshore and offshore funds in a variety of assets classes. We deliver streamline services using the most up to date technologies and enabling the most accurate and customised reporting.
Our team provides investors with confirmations, final contract notes and regular statements upon finalisation of the Fund’s Net Asset Value. We can handle wire payments and transfers, including the processing of distribution/dividend payments, and perform in-depth Anti-Money Laundering-Counter, Terrorism Financing and Know Your Client due diligence checks on investors.
Our services include:
- fund bookkeeping
- portfolio valuation
- NAV Calculation
- preparation of Financial Statements and Fund Reporting
- supervision of the Audit Process
- maintaining the database of investors
- maintaining the share/unitholder register(s)
- processing investors transactions (commitments/subscriptions) capital calls, redemptions, exchanges, transfers, distributions/dividends
- processing reconciliations
- subscription, redemption, switch, transfer confirmations
- responding to investors queries.