Accounting, Bookkeeping & Payroll Services

Outsourced bookkeeping, multi-currency accounting, payroll, and regulatory reporting for regulated financial firms and international companies. ACCA-qualified team serving Cyprus, Mauritius, Seychelles, Malaysia, Estonia, BVI, St Lucia, the United Kingdom, and 30+ further jurisdictions.

Finance & Accounting for Regulated Firms

We provide comprehensive accounting, audit coordination, and outsourced finance services designed for the unique requirements of regulated financial institutions. Our team understands the specific reporting obligations and control expectations that regulators impose.

Regulatory Reporting

Preparation and submission of mandatory regulatory reports required by financial regulators across multiple jurisdictions. We ensure accurate, timely filings that satisfy regulatory obligations and avoid penalties.

Capital adequacy reports (CAR)
Large exposure & concentration reports
Liquidity coverage ratio (LCR) reporting
Transaction reporting (EMIR, MiFIR, SFTR)

Statutory Audit Coordination

Management of the annual statutory audit process from planning through completion. We liaise with approved auditors, prepare supporting documentation, and ensure smooth audit execution with minimal disruption to your operations.

Audit-ready financial statement preparation
Auditor liaison & query management
Supporting schedule preparation
Management letter response coordination

Management Accounting

Ongoing bookkeeping and management accounting services tailored to the needs of regulated financial services firms and international holding structures. We maintain accurate financial records across multiple currencies and entities, providing timely management information to support business decisions.

Preparation and keeping of automated accounting records in multiple currencies
Preparation of management accounts (monthly, quarterly, and yearly basis)
Preparation of cash flow statements
Preparation of consolidated financial statements for group structures
Preparation of statutory financial statements
Bank reconciliations
Monthly bookkeeping and period-end reconciliations
KPI reporting and budget vs. actuals analysis

Payroll Services

Full-cycle payroll administration for companies operating in Cyprus and across our covered jurisdictions. Our payroll team handles all aspects of employee compensation, statutory compliance, and government authority submissions.

Drafting of employment agreements compliant with Cyprus labour law
Assistance in registering employees with the Cyprus Social Insurance department and Tax department
Calculation of monthly payroll for all employee categories
Issue of standard payslips and IR63 forms
Preparation and submission of IR7 annual employer reports to the Tax Department
Liaison with the Cyprus Tax Department and Social Insurance Services
Calculation and execution of payment instructions to Income Tax (PAYE) and social insurance authorities
Handling of all other payroll-related tasks and regulatory correspondence

Payroll services are also available for companies incorporated in Estonia, Latvia, Lithuania, Malaysia (Labuan), Mauritius, Seychelles, the United Kingdom, BVI, and St Lucia.

Outsourced CFO Services

Part-time or fractional CFO services providing senior financial leadership without the cost of a full-time hire. Ideal for startups and growing firms that need strategic financial guidance and regulatory interface.

Financial strategy & planning
Board & regulator presentations
Capital planning & fundraising support
Financial policies & procedures

Tax Compliance

Corporate tax compliance services across multiple jurisdictions, ensuring accurate filings and optimization of tax positions within regulatory and legal boundaries.

Corporate income tax filings
VAT/GST compliance & returns
Transfer pricing documentation
Tax authority correspondence

Financial Controls & SOX

Design and implementation of financial controls frameworks aligned with regulatory expectations and best practices. We help establish robust control environments that satisfy auditors and regulators.

Internal controls assessment
Controls documentation & testing
Segregation of duties review
Control deficiency remediation

Jurisdictions We Cover

Our accounting and payroll team provides services for companies incorporated and operating across the following jurisdictions. Each engagement is tailored to local regulatory requirements, filing deadlines, and applicable accounting standards.

Cyprus

Headquarters jurisdiction. Full-cycle accounting, payroll (IR63, IR7, PAYE, social insurance registration), VAT/VIES/Intrastat submissions, and statutory audit coordination. Compliant with Cyprus Tax Reform 2026 (corporate tax 15%, new dividend tax).

Mauritius

Annual accounts for GBC and authorised company structures. FSC licensee regulatory reporting, MRA tax compliance, ~3% effective tax rate structuring. Management accounts for FSC Investment Dealer and Payment Institution licensees.

Seychelles

Annual financial statements for IBC and SDL licensees. FSA annual reporting compliance, economic substance record-keeping, 1.5% IBC tax compliance. Bookkeeping in USD, EUR, and multiple currencies.

Malaysia (Labuan)

Labuan FSA licensee accounting and audit coordination. Labuan Business Activity Tax (LBATA) compliance, SST where applicable, audited accounts submission to Labuan FSA. Payroll for Labuan-based employees.

Estonia

Accounting for e-Residency companies and Estonian Oรœ entities. TSD and KMD declaration preparation, Estonian payroll including social tax and unemployment insurance, annual report filing with the Business Register.

Latvia & Lithuania

Accounting and payroll for Baltic-incorporated fintech and licensed firms. VSAOI payroll compliance in Latvia, Sodra and GPM submissions in Lithuania. VAT registration and reporting.

United Kingdom

Bookkeeping and accounting for UK limited companies. Companies House annual accounts filing, HMRC corporation tax returns, VAT returns, RTI payroll submissions, and confirmation statement management.

BVI

Annual financial statements and economic substance declarations for BVI Business Companies. BVI FSC licensed entity reporting. Multi-currency bookkeeping for holding structures.

St Lucia

Annual accounts and FSRA compliance reporting for St Lucia IBC and licensed entities. Management accounts and statutory financial statement preparation.

Other Jurisdictions

We also provide accounting, bookkeeping, and payroll support for companies in Cayman Islands, Panama, UAE, Singapore, Hong Kong, and further jurisdictions on request. Contact us to discuss your specific requirements.

The Zitadelle Advantage

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Regulatory Expertise
Deep understanding of financial services accounting and reporting requirements across 40+ jurisdictions.
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Deadline Management
Rigorous tracking and management of regulatory filing deadlines to ensure continuous compliance.
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Auditor Relationships
Established relationships with Big 4 and specialist financial services auditors worldwide.
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Technology-Enabled
Modern accounting platforms and automation tools for efficient, accurate financial reporting.

Your Accounting Lead

VT
Valeria Teterina
ACCA Member | MBA | Master of Finance
15 years in accounting and audit

Valeria leads Zitadelle AG's accounting and audit practice. With 15 years of experience spanning financial services, regulatory audit, and multi-jurisdiction bookkeeping, she oversees all client accounting engagements from our Limassol headquarters. Valeria holds full ACCA membership, a Master of Business Administration, and a Master of Finance.

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Need accounting support?

Our finance team can assess your current accounting setup and recommend solutions aligned with your regulatory obligations.

Quick Facts
Ideal For
Licensed brokers, payment institutions, fund managers, crypto exchanges, holding companies, international SMEs, e-Residency companies
Lead Accountant
Valeria Teterina, ACCA Member | 15 years experience
Reporting Standards
IFRS, local GAAP, regulatory-specific formats
Delivery Model
Retained monthly engagement or project-based

Ready to streamline your finance function?

Our team can help you meet your regulatory reporting obligations efficiently and accurately.