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Monday 08:00 - 17:00 Tuesday 08:00 - 17:00 Wednesday 08:00 - 17:00 Thursday 08:00 - 17:00 Friday 08:00 - 14:00

NovoFin

Name: NovoFin
Address: 12, Chrysanthou Mylona, Harmonia Building Block 1, Office 15, Limassol, 3030, CY
Telephone: +35725261111

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NovoFin

A skilled group of cutting-edge professionals who, by utilizing their knowledge, consistently offer Where Quality meets Trust.

Novofin is a premium Audit & Consulting firm regulated by the Institution of Certified Accountants of Cyprus, serving both local and international clients, offering a high level of professional services in the financial sector that includes Audit, Assurance engagements, Accounting, Tax, VAT, services for Regulated Entities, Consulting, Professional Training, Banking as well wide range of relate

d services which are designed to address in a unique, reliable and tailor-made way to the needs and the expectations of each client separately

A skilled group of cutting-edge professionals who, by utilizing their knowledge, consistently offer clients dependable solutions for every financial condition have attained NovoFin, the reputation of a high-end boutique organization.

13/05/2025

Navigating complexity in the maritime sector requires more than industry knowledge—it demands strategic foresight.

At NovoFin, we support shipping and maritime companies with specialized audit, tax, and consulting services tailored to the evolving regulatory and operational landscape of the industry.

From international compliance and flag-state obligations to corporate structuring and financial transparency, we help maritime businesses stay steady in shifting waters.

In a fast-moving global industry, we make sure your operations stay anchored and future-ready.

06/05/2025

At NovoFin Audit & Consulting Ltd, we’re not just based in the city—we're part of its momentum.
We support companies with tailored audit, tax, and advisory services that reflect the speed, complexity, and ambition of today’s business world.

Whether you're scaling up or strengthening your foundations, our team of experts is here to help you grow—sustainably, strategically, and confidently.

Local insight. Global thinking. Real results.

29/04/2025

2025 is reshaping the compliance landscape in Cyprus.
With new frameworks like DORA and enhanced EU regulations on internal audit, governance, and digital resilience, compliance is no longer a formality—it's a strategic priority.

At NovoFin Audit & Consulting Ltd, we help businesses adapt to these changes with clarity and confidence. From strengthening internal controls to aligning with evolving European standards, we turn regulatory complexity into structured action.

Because in today’s environment, readiness isn’t optional—it’s essential.

22/04/2025

Generative AI is rapidly becoming one of the most disruptive forces across industries—redefining how companies operate, how they make decisions, how they serve and ultimately how they create value. Even in less than a year, we have seen results and we can recognise AI results. In this phase, we know that merely adopting AI tools will not lead to success. It is the how AI tools are used.

Understanding where generative AI can truly make an impact requires a deep dive into your processes, your people, and your goals. How can this technology enhance productivity without compromising control? What areas of your business are ready for transformation—and which ones demand careful oversight? And as the regulatory landscape evolves, how can your organization stay ahead while remaining compliant and ethical?

At NovoFin, we work closely with our clients to turn these questions into strategic decisions. With the right guidance, generative AI isn’t just a trend—it’s a tool for sustainable growth.

18/03/2025

Are your intercompany transactions correctly priced? Ensuring Transfer Pricing (TP) compliance is essential to avoid tax risks, prevent double taxation, and align with Cyprus and international regulations.

🔎 We help you navigate:
✔️ TP requirements & key compliance deadlines
✔️ Documentation & reporting obligations
✔️ Strategies to optimize your financial position while staying compliant

💡 Contact us at [email protected] to ensure your business meets all TP requirements with expert guidance.

11/03/2025

Selling property in Cyprus? Not all sales are taxed the same!

When selling real estate, your tax liability depends on whether the sale falls under Capital Gains Tax (CGT) or Income Tax. Here’s the main difference:

✅ Capital Gains Tax (CGT) – 20% tax on profit
• Applies to individuals and companies selling property mainly as investment
• Taxed on the profit
• Exemptions may apply

✅ Income Tax – Falling on tax rates of business either as company or private entrepreneur
• Applies to individuals and companies
• Different tax brackets apply depending on total income.
• Mainly related to business activities to deal with real estate. (budget of trades)

Need expert tax guidance? Be informed

04/03/2025

Cyprus Tax Legislation is Changing!

One of the key objectives of the government for 2025 is to modernize and make the tax system more flexible and business-friendly. But will these changes really be achieved? 🤔

🔹 What’s the Goal?
The government aims to introduce a simpler, fairer, and more efficient tax framework that aligns with modern financial realities.

🔹 What Could Change?
📌 Adjustments in corporate and personal income tax rates
📌 More digitalization for streamlined compliance
📌 Incentives to boost business and investment in Cyprus

🔹 Will This Be Achieved?
The success of these reforms will depend on clear implementation, business engagement, and alignment with a modern tax system. The business community is watching closely!

💼 Stay ahead of the tax changes! Be informed insights and planning strategies.

03/02/2025

Novofin Audit & Consulting based in Limassol, is seeking skilled and motivated Auditor to join our team. 🔎

Responsibilities:
🔹 Conduct audits for a diverse portfolio of clients to ensure financial accuracy and compliance with regulations.
🔹 Prepare detailed audit reports and financial statements.
🔹 Collaborate with clients to understand business processes and provide tailored solutions.
🔹 Stay updated on changes in accounting standards and regulatory requirements.
🔹 Assist in planning and executing audit procedures, including data analysis and sampling.
🔹 Ensure deadlines are met while maintaining high-quality standards.
🔹 Preparation of IR4 (Tax returns).

Requirements:
🔸 Bachelor’s degree in Accounting, Finance, or a related field (ACA/ACCA certification is a plus). 🎓
🔸 Proven experience in auditing or a related role.
🔸 Strong knowledge of accounting principles, tax regulations, AML, and auditing standards.
🔸 Excellent analytical and problem-solving skills. 🔍
🔸 Knowledge of Caseware and MS Excel.
🔸 Strong attention to detail and ability to manage tasks.
🔸 Effective communication skills and the ability to work both independently and as part of a team.

The company provides a competitive remuneration package, including 13 months' salary and a pension/provident fund, within a dynamic and supportive environment that fosters personal development and growth opportunities. 💼

📩 Apply today at [email protected] to join our team!

23/01/2025

Success starts with a solid plan. 📊 Create tailored financial strategies that drive growth, improve cash flow, and safeguard your future. From budgeting to risk management, every step is crucial to your business’s success.

Ready to plan for the future?

20/01/2025

Managing payroll is essential but can be a complex and time-consuming task for businesses. Outsourcing payroll ensures not only timely and accurate payments but also full compliance with ever-evolving tax laws and labor regulations.

Simplifying this process reduces the risk of errors, enhances employee satisfaction, and ensures your company remains fully compliant.

Streamline your payroll operations and strengthen your business foundation with expert support.

16/01/2025

Secure your entrepreneurial success in 2025 with a strong financial foundation. Contact us today for expert guidance.

Tax season presents significant risks for businesses, and avoiding critical mistakes is essential to ensure compliance and financial integrity. Missing tax deadlines can result in substantial penalties, while overlooking eligible deductions means forfeiting potential savings. Filing inaccurate information can lead to costly corrections, and neglecting VAT obligations invites the risk of audits.

Ensure your business operates within the law and optimizes its tax strategy by working with experienced professionals. Let us help you navigate these complexities with precision and expertise.

13/01/2025

Take charge of your financial future this year by adopting strategies proven to enhance financial health. Research shows that individuals who set specific goals are 42% more likely to achieve them.

Begin with clear financial objectives, optimizing tax strategies to reduce liabilities, and regularly reviewing your investment portfolio to ensure alignment with market trends.

Prioritizing savings and seeking expert financial advice can increase long-term wealth by up to 30%, according to recent studies.

Address

12, Chrysanthou Mylona, Harmonia Building Block 1, Office 15
Limassol
3030

Opening Hours

Monday	08:00 - 17:00
Tuesday	08:00 - 17:00
Wednesday	08:00 - 17:00
Thursday	08:00 - 17:00
Friday	08:00 - 14:00

Telephone

+35725261111

Website

https://www.novofin.com.cy/

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