About us

Welcome to
G. Tofarides Ltd

At G. Tofarides Ltd, we bring a legacy of expertise and dedication to delivering exceptional audit, tax, and accounting services to businesses and individuals in Nicosia, Cyprus.

Founded by George N. Tofarides in 2009, the firm builds upon his distinguished 37-year career in the UK and Cyprus, where he established a reputation for high-quality, reliable financial services. His commitment to excellence is continued by his successors, Nicos G. Tofarides and Ioanna G. Tofarides, both qualified accountants, who share his vision of personalized, results-driven service.

With a profound understanding of both local and international regulations, our seasoned team is devoted to helping you reach your financial objectives with precision and care. Whether you're a startup, a growing enterprise, or a well-established company, we provide bespoke solutions that align with your unique needs, ensuring your path to financial success is clear and strategic.

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G. Tofarides Audit

Why Choose Us

Integrity

Upholding the highest standards of honesty and ethical conduct in all business dealings.

Transparency

Ensuring open and clear communication with clients, stakeholders, and employees.

Innovation

Embracing new technologies and methodologies to enhance our processes and outcomes.

Professionalism

Delivering services with competence, skill, and respect, maintaining a professional demeanor at all times.

Accuracy

Providing precise and meticulous audit results, ensuring thoroughness and correctness in every detail.

Client Focus

Prioritizing the needs and goals of our clients, delivering tailored solutions to meet their specific requirements.

who we are

Meet the Team

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Nicos G. Tofarides

Director

Nicos Tofarides holds a Bachelors Degree in Accounting and Finance from South Bank University London, and qualified with KPMG Nicosia, where he worked from 2001 to 2008. 

As an Audit Manager, he specialised in the audit of trading and financial services companies, as well as in tax and international tax planning services. Furthermore, he specialised in the audit of insurance companies.

From 2008, he joined G. Tofarides Ltd and he is involved in the audit of Cyprus Companies in various sectors, but mainly trading and financial services companies, international and Cyprus tax planning and consulting. In addition, he is involved in the Advisory Sector and Business Development.

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Ioanna G. Tofarides

Director

Ioanna Tofarides qualified in London. She worked in the Internal Audit department in the Bank of Cyprus (London) Ltd. As from 2000 she is involved in Accounting, Audit and Tax. As from 2009 is a director of G. Tofarides Ltd and specialised in the Advice of international and Cyprus tax planning and consulting. She is also the compliance officer of the firm.

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Maria Kareliadou

Accounting

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Anna Petrou

Accounting

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Eleni Constantinou

Accounting

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Liza Nicolaou

Administration

Cyprus Tax Information

Why Invest in Cyprus

Cyprus stands out as an attractive financial center due to its robust infrastructure, a large pool of skilled professionals, and its strategic location. It uniquely combines the benefits of a traditional offshore center with those of a full European Union member. Professionals in Cyprus are committed to bringing substantial value to tax planning through comprehensive operations based on the island.

While several EU countries have earned reputations as reputable financial hubs with appealing tax benefits, Cyprus has uniquely succeeded in combining these advantages to an unparalleled degree. With an extensive network of double tax treaties and full adherence to EU directives, Cyprus enjoys a strong standing within both the EU and the global community.

Key aspects of Cyprus tax legislation that enhance its appeal for optimizing international tax structures include:

  • One of the lowest corporate tax rates in the European Union at 12.5%.
  • Extensive network of Double Tax Treaties.
  • Full access to all tax-beneficial EU directives.
  • Exemption from taxation on profits derived from the disposal of securities.
  • No withholding taxes on outgoing payments abroad.
  • Unlimited profit parking within Cyprus companies for shareholders who are non-Cyprus tax residents, either directly or indirectly.
  • Minimal exemption criteria for dividends received by Cyprus companies from foreign subsidiaries, as well as profits from foreign permanent establishments.
  • Advanced tax ruling system for added clarity and planning flexibility.