Substance requirements depend on the company activities, tax position, management model, and advice received. A Cyprus company should be able to support the way it is managed and administered, especially where the structure is cross-border or subject to review by banks, tax advisers, auditors, or group compliance teams.
Economic substance support focuses on organizing the evidence around governance, decision-making, local administration, provider relationships, and operational presence where appropriate.
What is included
- Review of company activity and management arrangements
- Documentation of board meetings, written approvals, and decision-making records
- Coordination of registered office, secretary, accounting, and administration records
- Evidence files for local provider relationships and professional support
- Organization of contracts, invoices, bank records, and corporate documents
- Coordination with tax and legal advisers on substance documentation
- Periodic review of records where company activity changes
Documentation areas
Useful records may include board packs, minutes, resolutions, service agreements, lease or office arrangements, accounting records, correspondence with advisers, local provider invoices, bank records, and evidence showing where decisions are reviewed and approved.
Adviser coordination
Substance work should be planned with tax and legal advisers before implementation. We do not provide tax residency or substance opinions, but we help create and maintain the administrative record needed to support the advice received.