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Managing Compliance in a Complex World

Managing Compliance in a Complex World

Today's unprecedented economic challenges are forcing companies to rethink the way they do business. For many, this includes reassessing the way they manage their compliance obligations.

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Outsourcing compliance – An attractive option

Managing compliance in today's highly complex economic and regulatory environment has become increasingly challenging. 

Thus it's not surprising that tax and finance departments often spend a disproportionate amount of time on compliance activities; time that could have been used on higher value activities such as strategic tax planning, risk management and closer integration with the rest of the business.  

Outsourcing (or co-sourcing) compliance services can be a flexible and cost effective way of meeting the needs of an organization both locally and globally.

How we can help

KPMG understands the challenges organizations face in today’s complex business environment. Our compliance service offering is responding to our clients' pressing needs. Our service promise is simple: leverage our tremendous investment in our people and our technology to provide the tools and resources our clients' need to achieve long-term, sustainable value. 

Key elements in our approach:

  • Strong international presence enabling us to have global mindset and cross-border reach combined with local knowledge and experience
  • Providing a single point of contact to manage the overall relationship and services, thus securing a personalized service
  • Looking beyond the task of “processing”. Seeking to add value and confidence in a compliance process that is tailored to meet our clients’ specific needs
  • Providing perspective and forward-looking insight to outsourcing activities - elements which are critical to managing risk on a global basis and which cannot be obtained from centralized processing centers.

Compliance services offered by KPMG in Cyprus include:

  •  Establishment of corporate entities
  • Company Administration
  • Corporate Statutory Compliance
  • Bookkeeping, Accounting and Financial Reporting
  • Management accounting
  • Payroll services

KPMG and the KPMG logo are registered trademarks of KPMG International Cooperative ("KPMG International") a Swiss entity. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. The views and opinions expressed herein are those of the author and do not necessarily represent the views and opinions of KPMG International Cooperative ("KPMG International") or KPMG member firms.

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