Bookkeeping and Payroll Processing Services in Cyprus

Carry on with your business goals, leave the bookkeeping and payroll processing to us.

Who We Are

Business Setup Worldwide is a platform to help you set up your company. Right from incorporation, registration and licensing to establishing your office space, we facilitate the formation of your business through expert counselling and incubation.

Value-oriented service, comprehensive capability across varied segments of disciplines, proactive and continuous adaptability to ever changing global environment, and the ability to conceive innovative strategies and provide comprehensive support in executing such strategies distinguish Business Setup Worldwide, and provide you the competitive edge in ensuring growth.

Business Setup Worldwide's proprietary business design techniques, combined with its specialized industry know-how and global reach, enable you to anticipate changes in customer priorities and the competitive environment, and then design their businesses and improve operations to seize opportunities created by those changes.

Why Does a Business Need Bookkeeping and Payroll Processing Services?

As an entrant in the business milieu, it is convenient to put off ledger work, but by letting it slip through the hands with time, one runs the risk of quality control mishaps in matters of financing, even perhaps leading to monetary crises. Well organized bookkeeping services ensure that your business runs more efficiently on a daily basis. Moreover, payroll processing ensures that the task of managing your employees’ records is not a burden on you.

Our Offerings

Business Setup Worldwide provides the following bookkeeping services:

  • Maintenance of accounting books and records of the business (in multiple currencies) like:
    • Bank reconciliations
    • Debtors statements and ageing analysis
    • Reconciliations of payables to creditors statements
    • Monthly income statement and statement of financial position
    • Other, custom designed, business performance reports
  • Preparation and submission of Value Added Tax (VAT) and VAT Information Exchange System (VIES) forms to concerned authorities
  • Drafting custom designed management reports for assisting a firm in evaluation of business performance
  • Preparation of financial statements in accordance with the latest International Financial Reporting Standards (IFRS)

Business Setup Worldwide provides the following payroll processing services:

  • Processing of monthly payroll, individual employee payslips and annual employee emolument certificates
  • Preparation and submission of monthly social Insurance and Pay-as-you-Earn (PAYE) returns to concerned authorities
  • Preparation of payroll related reports
  • Submission of annual employer’s return

Why Us?

At Business Setup Worldwide, we ensure that you focus on your business idea, while we take care of any and all support functions. We are thorough in our accounting and bookkeeping services, so that you don’t have to bother with it. As a business grows, maintaining finances can get complicated in a foreign country. Our experts are up to the task when it comes to handling company finances and requisite documentation.

Business Setup Advisor

Andreas Iacovou

6AB Zenonos Sozou Str

1075 Nicosia



Phone: +357 22 312400

Email :

Vertical Tabs