Wellcome to Factorial, where our team of experts is dedicated to helping
businesses and individuals achieve their goals.
With
years of experience and a deep understanding of the Cypriot as well as the global market, our comprehensive consulting services are tailored to meet the unique needs of our clients.
Whether you're looking to start a new business, expand an existing one, or
simply need guidance on how to navigate the local market, we're here to help.
Our team is made up of seasoned professionals
qualified in a variety of fields, including finance, accounting and tax.
We work
closely with our clients to understand their goals and objectives, and then
develop customized solutions to help them achieve success using our own expertise as well as developed network of profesionals which could assist you on an as needed basis.
To be the consulting firm of choice in Cyprus, known for delivering exceptional quality, attention to detail, and quick results to our clients.
Our mission is to provide top-notch consulting services to start-up businesses in Cyprus, by leveraging our expertise and experience to help our clients achieve their goals and objectives. We are committed to delivering results that meet or exceed our clients' expectations, by focusing on quality, attention to detail, and speed in all of our work. We save your time which we believe will be better invested in tyour business development. We strive to build long-term, mutually beneficial relationships with our clients, and to be their trusted partner for success.
Don't let the complexities of the Cypriot market hold you back. Contact us today to learn more about how we can help you achieve your goals. Together, we can make your business thrive in Cyprus.
We are not classical service providers but rather problem solving advisors
Our consulting services focus on our clients' most critical issues and opportunities and are here to solve your pains and save you time
Running a business in Cyprus can present several challenges for entrepreneurs. One of the main pains is the high level of administrative matters that needs to be considered and the speed of reaction to your querries, which can make it difficult to navigate the legal and regulatory requirements of starting and running a business. Another pain point due to relatively small labour market is the limited availability of skilled personnel, which can make it difficult for businesses to find and retain qualified employees.
One of the main issues is the complexity of the tax laws and regulations, which can make it difficult for businesses to understand and comply with their tax obligations. Additionally, the process of filing taxes and submitting financial statements can be time-consuming and burdensome for businesses, which can divert resources away from more important business activities. Another pain point is the relatively low value (in terms of speed, quality and comprehension of customer needs) for the money paid on accounting and tax services received, especially for small and medium-sized enterprises as the accounting and tax treatment of transactions could be tricky and quite interpretative depending on the desired goals.
Banks and financial institutions establish their own level of risk tolerance and create internal policies for accepting new clients and monitoring transactions, considering factors such as the client's country of incorporation, business activities, countries involved in transactions, the client's nationality, currencies used.
Therefore, opening a business bank account is a challenging process. The financial institution will have to use a risk-based approach to ensure that the client's risk profile is acceptable and that all necessary due diligence has been completed before the account can be opened and used for business transactions.
Without conducting appropriate market research, it can be difficult for a business to make informed decisions about product development, pricing strategies, marketing efforts, investment and exit strategies. Market researches provides valuable insights into market conditions and can help identify potential risks and opportunities. Without this knowledge, a business may make decisions based on assumptions rather than facts, which can lead to poor performance and ultimately failure.