LEGAL AUDIT OR DUE DILIGENCE OF BUSINESS IN CYPRUS

An audit is a systematic inspection of a company’s activities. It is carried out so that the company is ready for inspection by regulatory authorities.

The audit is carried out in various areas of the company.

Legal analysis and verification of the company in Cyprus includes the following:

• Research of share capital, its structure and corporate documents,
• Analysis of personnel and relevant documentation in the field of personnel,
• Verification of compliance with the laws and policies of the country, including the GDPR,
• Analysis of business contracts and contractors,
• Verification of the legal status of property, funds and other assets of the enterprise, as well as the availability of intellectual property and its security,
• Checking the presence or absence or condition of courts or criminal or administrative disputes.
• Compliance with environmental regulations.

DUE DILIGENCE – LEGAL AUDIT OF BUSINESS

Prykhodko and partners provide comprehensive legal audit services business – due diligence.

Before buying a company, it is important to understand its condition, including legal, tax, accounting, financial and other risks. Due diligence is carried out both in the interests of the business owner (Vendor Due Diligence) and the potential investor (Buyer Due Diligence).

Based on the results of the business audit, you will receive a Conclusion, which will give you the following

• Your desire to buy a business in general can change dramatically
• You can get arguments to reduce the value of the business you are buying.
• You can apply timely legal mechanisms to prevent further various problems with the tax, with contractors, with employees, investors, etc.

Order business science (firms) – frequent cases:

• Purchase and sale of corporate rights to the company
• Analysis of public offerings of these securities on the stock exchange (IPO)
• Mergers and acquisitions (M & amp; A)
• Investment attractiveness of the company
• Joint venture of two or more founders
• Financing or lending to the business or its assets
• Provision of repayable financial assistance, including interest

What is the cost or how much does it cost to inspect a firm (business) in Cyprus?

To answer this question you need to understand the cost dudiligence in Cyprus, as elsewhere, depends on the amount of work required lawyers and auditors to conduct, from the number of issues being investigated, from the amount of material submitted for verification, the difficulty in accessing the information to be verified. Depending on this, there are at least two types of business inspections.

Full diligence report (full scope) – the most detailed and complete analysis of all submitted documents, open sources of information, as well as sources of information with limited access.

Due diligence (red flag report) – only those questions that are asked for research are checked.

The legal company “Prykhodko and Partners” provides comprehensive legal analysis of business. We will help you understand the state of the company, including legal, tax, accounting, financial and other risks.