Costas Melas & Associates LLC was founded by Costas Melas in 1975. The firm has grown rapidly and today it is one of the most well known law firms in Cyprus, offering a wide range of services to a large clientele. We are also a member of the EMNI (European Mediation Network Initiative).
AREAS OF PRACTICE:
We deal with matters such as human rights, company and partnership disputes, insurance claims and disputes, medical negligence claims, traffic accidents, personal injuries, employers liability, company and partnership disputes, construction disputes.
We can assist and provide our clients with wide range of services which is mostly intended for the corporate costumers preferring professional long – term cooperation and support.
We offer consultancy services to foreign firms, individuals or legal entities that want to function in Cyprus.
Our aim is to provide our clients with services of highest quality level and at the same time maintain our professional and business ethics in order to add value and safeguard the interest of our clients.
Through our professional and multilingual staff, we are able to service clients in English, Greek and Russian languages.
OTHER CORPORATE MANAGEMENT SERVICES:
Due to our understanding of the shipping industry we are able to handle all shipping related issues from complex transactions to more straight forward registrations of shipping companies and ships in Cyprus and worldwide. We offer expert advice on the following:
Administration and Management
We undertake to perform the daily activities involved in operating a company.
Accounting and Financial Management
Accounting records must be kept by every company in Cyprus. Further annual audited financial statements must be submitted to the Inland Revenue and the Registrar of Companies. We offer assistance with such services.
Auditing and Financial Reporting
We provide assistance with the registration of a Cyprus VAT Authorities and the administration of VAT documentation.
In combination with our associated auditing firm we offer assistance in maintaining accounting records of the company in Cyprus as required by the VAT Authorities and eth submission of quarterly VAT Returns, based on the accounting records of the company, to the VAT authorities.
We specialise in arranging escrows and acting as escrow agents to secure financial obligations arising from acquisitions, cross-border trading transactions and international (construction) projects.
Opening a Bank Account
We are able to provide assistance with the opening of a bank account with a bank in Cyprus or in other reputable jurisdictions. Most of the banks which we have established business relationships with have representative offices and correspondents worldwide and additionally provide on-line banking.
Tax Residency Certificates
Costas Melas & Associates LLC is able to provide clients with assistance in obtaining a Certificate of Tax Residence to prove the tax residency of the company.
This document is necessary when a company wants to take advantage of the benefits offered by an agreement for the avoidance of double taxation, and has to file with the tax authorities of the country of source certification from the country of destination not only that the company is registered in that country, but also that the tax rules of that country apply and that the company pays tax in the country of destination.
Multi-national companies have been taking advantage of international tax treaties and offshore/low tax companies which has resulted in them reducing their tax payments.
With correct advice other companies can take advantage of low tax and offshore status to make significant and legal tax savings. We are able to help clients take advantage of such benefits.