Professional Insolvency Solutions for Businesses and Creditors

At Emihad, we provide expert insolvency and restructuring services to businesses, directors, shareholders, and creditors facing financial challenges. Our goal is to help clients understand their options, manage financial distress effectively, and achieve the most appropriate outcome, whether through business recovery, restructuring, or formal insolvency procedures.

Our Services

• Corporate Restructuring and Business Recovery – Assisting businesses in overcoming financial difficulties through strategic planning and restructuring solutions. 

• Insolvency Advisory and Financial Distress Assessments – Providing independent advice on solvency, financial position, and available recovery or insolvency options. 

• Voluntary Liquidations – Managing Members’ Voluntary Liquidations (MVLs) and Creditors’ Voluntary Liquidations (CVLs) in an efficient and compliant manner. 

• Court-Appointed Liquidations – Acting in formal insolvency proceedings and ensuring compliance with applicable legislation and regulatory requirements. 

• Creditor Support and Recovery Assistance – Advising creditors on their rights, recovery strategies, and participation in insolvency proceedings. 

• Negotiations with Creditors and Stakeholders – Facilitating discussions and agreements aimed at preserving value and achieving practical solutions for all parties involved. 

Why Choose Emihad?

• Licensed Insolvency Practitioner with specialist expertise 
• Professional, independent, and confidential advice 
• Tailored solutions based on each client’s circumstances 
• Strong understanding of Cyprus insolvency and corporate legislation 
• Commitment to protecting stakeholder interests and maximising value where possible 

Need Advice?

If your business is experiencing financial difficulties, facing creditor pressure, or considering restructuring or liquidation options, early professional advice can make a significant difference.

Out taxation service line can assist our professional and business relationships in a wide range of taxations matters (direct and/or indirect tax services), by giving attention to the local applicable tax law, in combination with the effective Double Tax Treaties signed by the Republic of Cyprus and the EU directives (where applicable).

Our services cover the following areas:

Direct taxation

1. Registration with the relevant tax authorities
2. Preparation of annual tax computations
3. Preparation and submission of the annual tax return form
4. Review/Objections over tax assessment as issued by the tax authorities
5. Special defence, Capital gains and immovable property assistance

Indirect taxation

1. Preparation and submission of Defence contribution payments
2. Preparation and submission of Value Added Tax (VAT) quarterly forms
3. Assistance in the calculation of provisional tax, payment of the same or any other payments such us payroll related returns and income taxes
4. Application for VAT and Tax rulings

Internal audit services

We have extensive experience in internal audits of financial services organisations (EMIs, ASPs, AIFMs, AIFs, CIF) and beyond.

When it comes to internal audit, each organisation is unique, and a robust customized approach will help to deliver the required assurance.

Due Diligence

1. Financial due diligence – we will investigate the financials of Company and aid to identify the key financial risks and any possible potential deal breakers.

1. Tax due diligence – tax risks can have a significant impact on the market value of  company and might create an imperative argument in the negotiation process. 

Our bookkeeping and outsourcing related service line aims to aid our business and professional relationships with the necessary information in their day to day operations to make informed and effective decisions.

Our services cover the following areas:

Bookkeeping services

1. Maintenance of statutory books and records
2. Assistance in the preparation of Annual Financial Statements (standalone and/or consolidated) in accordance with the International Financial Reporting Standards (IFRSs)
3. Assistance and support during internal or external audits
4. Preparation of management accounts

Payroll services

1. Monthly payroll calculations including payslips preparation
2. Assistance in payments (employees or relevant authorities)

Our audit and assurance service line aims to provide to our business and professional relationships with the confidence and the necessary information to make informed and effective decisions.

Our audit and assurance service are based on the International Standards on Auditing (ISA) and in accordance with International Financial Reporting Standards (IFRSs) 

Our services cover the following areas:

Statutory Audit

Audit of financial statements – Our audit services include statutory and group reporting audits for different clients including:

1. Regulated, Public and Listed Companies
2. Privately owned Companies registered in Cyprus, including Branches
3. Soles traders, Partnerships and Joint Ventures

We initially obtain an understanding of your business and industry including internal controls. Prior and throughout the audit we work closely with our business and professional relationships and we conclude whether or not the financial statements are presented fairly in all material aspects.

Non – Statutory Audit

1. Agreed Upon Procedures (AUP) – Financial information or in cases where managements assertions need to be independently verified, AUP engagements can be provided and conclude with a findings report based on the specific agreed procedures

1. Review of Financial Statements – Review of financial services (where an audit is not required or may not be necessary) and express limited form off assurance

1. Other assurance related services – Assurance services as defined by the IAASB