Best way to check legitimacy of Cyprus incorporation agents and accountants?

[Researcher]

Looking for cyprus non-dom and company incorporation.

There are a LOT of services offering this, what is best way to check their legitimacy?

Is there an official state register for them?

What steps to take to make sure everything goes smoothly?

 

[Sols]

They should be lawyers (check Cyprus Bar Association), ASPs (Cyprus Securities and Exchange Commission | Approved ASP), or they should be a part of larger, reputable multinational that holds similar accreditation elsewhere.

The vast majority you find online are resellers. That isn't necessarily a bad thing. But if you want assurance of working with someone supervised, follow what I mentioned above.

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This is the probably the answer to your question.

 

[JohnnyDoe]

Ask for recommendations here! I vouch for @CyprusLawyer101

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[JohnLocke]

I agree with @JohnnyDoe there are a few guys around the one he mentioned as well as @CyprusBusiness

So there are lot's of reputable provider in the resource database of mentor group gold
https://www.offshorecorptalk.com/resources/
And finally I can recommend Alliott Partellas Kiliaris Ltd in Nicosia, Cyprus very professional.

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Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.​

 

[Researcher]

Sols said:
They should be lawyers (check Cyprus Bar Association), ASPs (Cyprus Securities and Exchange Commission | Approved ASP), or they should be a part of larger, reputable multinational that holds similar accreditation elsewhere.

The vast majority you find online are resellers. That isn't necessarily a bad thing. But if you want assurance of working with someone supervised, follow what I mentioned above.
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Is a person who's a certified accountant ok when dealing with non dom registration issues and company incorporation?

 

[Sols]

Researcher said:
Is a person who's a certified accountant ok when dealing with non dom registration issues and company incorporation?
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Non-domicile registration isn't a regulated service per se, AFAIK. That's just someone helping you fill in a tax form and submitting for you or telling you how to submit. It's quite easy to do yourself.

A certified accountant is usually fine for incorporation.

Regulation and licensing are nice, but mean little when compared to reputability and recommendations from satisfied customers.

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This is the probably the answer to your question.

 

[zaybxc]

Sols said:
Regulation and licensing are nice, but mean little when compared to reputability and recommendations from satisfied customers.
Click to expand...

Would you consider the reviews on google as reputability and recommendations from satisfied customers?
Alliott Partellas Kiliaris Ltd recommended in this thread has 3 excellent reviews on google, though one of them seems to belong to an accountant working for the company.

It seems that both lawyers and accountants open companies in Cyprus: how to understand which to choose between the two?

 

[Sols]

zaybxc said:
Would you consider the reviews on google as reputability and recommendations from satisfied customers?
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I generally don't take reviews on websites like Google and TrustPilot seriously in this industry. By and large, only two kinds of people leave reviews: bots/staff/paid accounts that leave five star reviews (and a few four star reviews so it looks more legit) and angry customers. Reviews don't give you a good sense for the average customer feels, because the average customer isn't going to write a review about a CSP.

Of course, there are exceptions.

zaybxc said:
Alliott Partellas Kiliaris Ltd recommended in this thread has 3 excellent reviews on google, though one of them seems to belong to an accountant working for the company.
Click to expand...

They are a member of Alliott Global (International Alliance of Accounting Firms & Law Firms in 90+ Countries), which is a generally reputable and reliable service provider with decades of experience.

zaybxc said:
It seems that both lawyers and accountants open companies in Cyprus: how to understand which to choose between the two?
Click to expand...

Depends on the situation.

If it's a project that will require legal assistance such as reviewing/writing agreements, engaging with regulators/government, and so on, I'd pick a law firm most times.

If all you need is company formation and accounting/management, an accounting firm or ASP will likely suffice. Tend to be a bit cheaper.

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This is the probably the answer to your question.

 

[zaybxc]

Sols said:
I generally don't take reviews on websites like Google and TrustPilot seriously in this industry. By and large, only two kinds of people leave reviews: bots/staff/paid accounts that leave five star reviews (and a few four star reviews so it looks more legit) and angry customers. Reviews don't give you a good sense for the average customer feels, because the average customer isn't going to write a review about a CSP.

Of course, there are exceptions.


They are a member of Alliott Global (International Alliance of Accounting Firms & Law Firms in 90+ Countries), which is a generally reputable and reliable service provider with decades of experience.


Depends on the situation.

If it's a project that will require legal assistance such as reviewing/writing agreements, engaging with regulators/government, and so on, I'd pick a law firm most times.

If all you need is company formation and accounting/management, an accounting firm or ASP will likely suffice. Tend to be a bit cheaper.
Click to expand...

Thank you.
Yeah I agree... generally I read only the negative reviews 🙂

I'm thinking about selling some crypto next year (if this bull run keeps going) and a limited company in Cyprus seems a good solution.
I guess an accountant should suffice then, as the company will only do a few crypto-to-crypto swaps a year and one crypto-to-fiat a year (or none if it's in bear market).