Hello, this is Axion!

The tax strategist you need in Cyprus.

Become cost-efficient and reduce the tax burden. Let's plan your Tax.

Focus on growing your business and leave audit and tax to safe hands.

Based in Nicosia, Cyprus and a member of the Institute of Certified Public Accountants (ICPAC) as well as a member of the Association of Chartered Certified Accountants (ACCA), Axion provides a comprehensive range of services in the areas of audit, tax, and accounting to both Cypriot and international clients.

Proud members.

Services

Comprehensive Financial Solutions

Our services include statutory audit, accounting, management and consultancy services, tax advisory, liquidations, mergers.

Tax Services

Start saving either as a company or as an individual.

Navigating the complex world of taxation is no small feat, and that’s where we come in. Whether you’re an individual,a small business, or a large corporation, we offer customized tax solutions that optimize your financial position.

Managing your tax affairs requires specialist tax expertise, experience and industry sector knowledge to make advice and assistance commercially relevant.

We cover all the tax related matters concerning the companies and individuals. 

  • Local and international tax planning
  • Tax advice for companies and individuals
  • Tax due diligence
  • Tax residency and Non-Dom applications for individuals
  • Preparation of the Tax declarations for individuals
  • Communication with the tax department on various tax matters
  • Preparation of tax rulings
  • Tax administration (registration with the tax department, obtaining of the TIC number, review of the tax assessments etc)

Audit & Assurance

Quality of audit work is of fundamental importance for the continued trust in the process of financial reports and the integrity of financial information.

Axion’s audit methodology is based on the International Standards of Auditing (ISAs) and our audit approach is tailored to suit the industry sector in which a client operates, its size, operations and legal status.

Our highly experienced team of chartered certified auditors and the direct partner involvement throughout the delivery of our services ensures the attention and quality service you deserve.

  • Statutory audits of financial statements in accordance with International Standards of Auditing (ISA’s) and the requirements of the Cyprus Companies Law
  • Non-statutory audits for other jurisdictions in accordance with International Standards of Auditing (ISA’s)
  • Preparation of financial statements and consolidated financial statements in accordance with International Financial Reporting Standards (IFRS’s)
  • Financial statement reviews

Accounting Services

With a detailed understanding of accounting standards and the requirements of company law, our expert accounts specialists will ensure that your books are prepared to exacting standards and will comply with all relevant regulations. We will also go one step further and identify opportunities to reduce your tax liabilities, thereby strengthening your business’ overall financial position.

  • Bookkeeping as per the IFRS
  • Compliance and Regulatory Reporting: we will ensure that businesses adhere to financial regulations and reporting requirements set by government agencies and industry-specific bodies.

Advisory Services

In today’s fast-paced and uncertain business environment, advisory services play a crucial role in ensuring the successful planning and seamless execution of corporate strategies. Our comprehensive range of integrated advisory services is designed to pinpoint our clients’ specific requirements and provide actionable solutions that can be promptly and efficiently implemented.ntify opportunities to reduce your tax liabilities, thereby strengthening your business’ overall financial position.

  • Corporate Finance
  • Valuations
  • Project Finance
  • Recovery & Reorganisation
  • Forensic & Investigation
  • Mergers & Acquisition

ASK FOR ADVICE OR A SERVICE

Time is money. Ask for a quotation now.
Fill up the enquiry form.

Why Cyprus?

Cyprus as a business hub.

Cyprus, is a well-established European Financial Centre in the Eastern corner of the Mediterranean, connecting Europe to high-growth markets in the Middle East, Asia, and the wider region. The country enjoys a robust and transparent legal system, an attractive tax regime, as well as offers companies easy access to a highly qualified and multilingual talent pool.

As a European Union Member State, Cyprus benefits from the harmonization of EU financial services regulations, offering high quality cost-effective solutions to the financial services industry.

Tax Highlights

The tax framework in Cyprus has been thoroughly modernized and adjusted to meet the requirements of contemporary companies, whether they are operating locally or on an international scale.

ONE OF THE LOWEST
corporate tax rates in the EU at 12.5%

GROWING DOUBLE TAX TREATY NETWORK
with more than 65 countries

COMPETITIVE IP BOX REGIME
with an effective tax rate as low as 2.5%

NO TAX
on dividend income (subject to conditions)

NOTIONAL INTEREST DEDUCTION
for equity investment into Cypriot companies

NO WITHHOLDING TAX
on outgoing dividend, interest, or royalty payments (provided that the payment is not done to an EU black listed jurisdiction) 

TAX DEDUCTIONS
for investment into start-ups

CAPITAL GAINS TAX EXEMPTION
(except for real estate situated in Cyprus)

NO IMMOVABLE
property tax

INCOME TAX INCENTIVES
for individuals relocating to Cyprus

NO SUCCESSION
or inheritance taxes

DIVIDEND AND INTEREST INCOME FOR INDIVIDUALS
– exempt for 17 years (subject to conditions)

Talk with a tax advisor now

Life in Cyprus

An appealing relocation destination for expats and their families.

The country has a captivating climate and lifestyle, with year-round sunshine, unique natural landscapes, a rich and diverse culture and history, enabling a wealth of style choices for every aspiration and taste.

High quality healthcare is provided through the National Healthcare System, while a well-established education sector ensures excellence in learning through multilingual internationally-recognized programs from kindergarten all the way to university.

Who is Axion?

Not a firm. A partner.

We’re not just an audit firm; we’re your trusted partner on your journey towards success.
A newly established company with many years of experience bringing a fresh and dynamic approach to the world of audit, accounting, and tax services.
Our team of partners and associates in Axion brings over 15 years of invaluable experience to the table.

Axion undertakes assignments covering a wide range of audit clients, including investment holdings, construction and developers, trading companies, educational institutes and other.

Whether you need advice on audit and compliance, corporate tax planning, funding, restructuring, or VAT our people have the capacity and expertise to advise your business throughout its lifecycle. And it doesn’t end there. From personal tax planning, capital gains tax or wealth advice, our experts can advise all your personal accounting requirements too.

In the world of business, “value” is not just a word; it’s a promise, and at Axion, we take that promise seriously. Just as “Axia” signifies value in Greek, our commitment to delivering unparalleled value to our clients is at the core of everything we do.

Our services go beyond the routine tasks of audit, accounting, and tax; they are meticulously crafted to empower our clients with the insights, strategies, and peace of mind they need to thrive in a dynamic and ever-changing business landscape.

Our mission is not just about saving your capital; it’s about providing the expertise, guidance, and personalized attention that will fuel your growth, protect your interests, and drive sustainable prosperity.

To revolutionize the world of financial services by combining youthful dynamism, open-mindedness, and decades of experience, ensuring that every client’s financial needs are not just met but exceeded.

Experienced professionals

Agile and dynamic, at Axion we believe in creating outcomes and not just outputs. With people at the centre of everything we do, we work diligently to bring the best solutions to our clients.

At Axion we believe in the power of our people. Our team is composed of young, dynamic, and open-minded professionals who are dedicated to delivering exceptional service to our clients. We know that every client is unique, and our team is committed to tailoring our services to meet your specific needs.

Meet the Managing Director

Marios Phedonos is the Managing Director of Axion Audit, Tax & Assurance Limited. He has an extensive knowledge of the IFRS and ISAs specialised on financial audits of international clients, business consulting services and strategic planning. He holds a degree in Accounting from the European University Cyprus and a Certification from the Cyprus Securities and Exchange Commission (CySec). Marios Phedonos is a fellow Member of the Association of Chartered Certified Accountants (ACCA) and a member of the Institute of Certified Public Accountants of Cyprus (ICPAC).

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