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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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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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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.
Direct Tax
Tax services have never been so important! Transparency and compliance are the single and only way out. The penalties for non-compliance are material and nobody can afford to be pointed out for hiding information. Moreover, bad publicity may be detrimental for a taxpayer. The market is sensitive and cautious to bad and negative publicity therefore all decisions need to be carefully addressed, justified and properly supported. The various requirements for disclosures in parallel with the sequence of reporting such as the DAC 6, will capture and put every single tax structuring plan under scrutiny by the authorities at its earliest possible stage. The game now is at the very top level at each country which shows how things are perceived important it is.Taking all the above seriously, we can help you ensure a bespoke balance between tax compliance and effective tax planning for your special circumstances.
Our direct tax team at Grant Thornton Cyprus can assist you for the following tax services:
Corporate Tax
Captures all stages from formation of the trading vehicle of preference to the reporting level. The demanding implementation stages can be smoothed out by proper planning at an early stage with synchronization of all fixed and variable factors. We can help you focus on your activities by focusing to our services providing a win/win position.
Personal Tax (compliance & advisory)
Mobility increases year by year due to our global and fast changing environment. This creates challenges and risks of handling correctly the taxes in each country. Having access to tax professionals in all countries world-wide, the target of compliance is not a headache. At the same time all opportunities for exploring any available grants/reliefs are communicated clearly from the beginning so nothing is missed out.
Tax Structuring & advisory
One-size-fits-all approach may not be the right solution. Special care is given to accommodate your needs and concerns including the time horizon of the investment and also the expected law changes affecting the structure. Planning is of paramount importance and that is why we spend time in the beginning to understand your needs and objectives providing solutions that can satisfy your targets.
Special Defence Contribution
it’s a legislation that applies to Cyprus tax residents (companies and individuals) and captures only 3 (three) types of income: Dividend/Interest/Rental, but reliefs and exemptions are also available including tax relief on withholding tax suffered abroad. An individual is subject to SDC ONLY when he/she is tax resident in Cyprus and at the same time domiciled in Cyprus.
Transfer Pricing Studies (TPS)
At the moment there is a legal obligation to carry out a TPS only on “back to back” financing arrangements. We are expecting changes in the law to capture other types of transactions soon. Our team with the support by our global network has the knowledge to provide you assistance at all levels.
Capital Gains Tax
Applies on profit arising from immovable properties situated in Cyprus or on disposal of shares of companies owning immovable property that is situated in Cyprus. Certain exemptions can be claimed based on circumstances of the seller.
Tax Due Diligence/Reports
Targets need to be examined thoroughly from a different angle. Any issues should be known in advance and should be taken into consideration to decide whether or not to proceed with the investment. Legislation may not be so clear therefore grey areas and risks need to be quantified and assessed specifically.
General Health System
It’s a fairly new system that was introduced in Cyprus as from March 2019. An obligatory contribution depending on status of the individual applies to employees/self-employed persons/pensioners/income earners and also to the employers, for salary income, rental income, dividend income, interest income and other income, with an annual cap of €180.000.
