Presenting Bakertilly’s new image in Cyprus but also across the 147 countries where the firm is active, its Eastern Europe CEO Marios Klitou, said the next five years will be crucial for the future of Cyprus as a services provider.
Companies, most of which were US-based, used entities that were registered in Ireland but resident in Malta.
The tax gap represents the difference between the amount of tax HMRC expects to be paid, in theory, and what is actually paid as a result of non-compliance, simple errors, avoidance or criminal attacks on the tax system.
In London, BDO plans to take on a second office in the City to accommodate the growth, and Moore Stephens will take on the BDO brand.
The credit crunch of 2008 caused Spain’s property prices to crash, but since 2014, the market has shown a consistent and solid recovery.