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Our practice was established by Costas Yiassemides BA, FCCA back in 1990 to provide efficient, expert solutions to businesses and individuals. Our primary services include audit, taxation, business consulting and financial advisory. We also offer a host of specialty services to cater to the unique needs of our clients. We serve a wide range of individuals, corporations, partnerships, and non-profit organizations and we are experts in the business issues and tax laws that impact our clients.

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Costas Yiassemides BA, FCCA graduated from the American University of Beirut (AUB) in 1977 with a Bachelor in Business Administration. He then joined Russell & Co in 1977 where he was positioned in the Audit & Assurance department. After gaining sufficient experience he moved on to join Costouris, Michaelides & Co (later Grant Thornton) in 1979 where he was again positioned in the Audit & Assurance department but in bigger and more complex audit engagements spanning the construction, banking, financial and retail industries. His position in Costouris, Michaelides & Co rendered the need for frequent travelling abroad, especially in Muscat, Oman, Nigeria, Saudi Arabia and the United Arab Emirates with his main client in these countries being Joannou & Paraskevaides (J&P), the construction magnate. During his employment in Costouris, Michaelides & Co he studied for the ACCA professional qualification which he obtained in 1990 when he became an Associate of the Association of Chartered Certified Accountants and, at that time, he founded Yiassemides & Co capitalizing on his long experience from his previous audit positions. In 1995 he became a Fellow of the Association of Chartered Certified Accountants.

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Our Goals

  • To provide the best client service possible
  • To make each client feel like the only client by maintaining the mentality and conveying the feeling of a 'boutique service provider' 
  • To respond to each client query within 24 hours
  • To add value to each engagement via constructive and insightful feedback on the financial performance, financial position and specific circumstances surrounding each company
  • To establish our practice as a one-stop shop for all your business needs
  • To provide transparent billings via carefully assessing the size, nature and complexity of your business before providing you with a fee proposal and by keeping you informed in frequent intervals about the progress of the engagement and any matters that may arise which would require your input
  • To get you acquainted with the legal, tax and financial reporting frameworks applicable to your company

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In the July 2013 issue of Gold magazine, the latest publishing project of the IN Business family, addressing the 50.000-strong community of English-speaking executives and enterpreneurs (Russian, British and others) operating in Cyprus and targeted at such high-caliber audiences as CEOs, CFOs, MDs and other top officials of Cypriot and offshore companies, Yiassemides & Co was recognized as one of the Top 50 Leading Accounting, Audit, Tax and Advisory Firms in Cyprus by being awarded the 45th place in the list. The relevant excerpt from the magazine is reproduced below:

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