Cyprus

Family Business 

Family owned and managed businesses make a vital contribution to the national economy.

To effectively manage a family business you need to make a commitment to manage the all-important 'Family Component'. The Family Component brings with it a number of unique management challenges as well as opportunities.

In KPMG, we hold a privileged position of working with many family businesses and this provides us with a unique opportunity to observe how these businesses grow profitably and sustainably. With decades of experience working with family businesses and with many KPMG advisers coming from family businesses themselves, we understand that the nature of a family business is inherently different from a non-family business. We pulled together a unique team of professionals within our firm and developed an equally unique portfolio of services that address the specific needs of family businesses and their owners. We help them achieve their objectives and secure the long-term prosperity of both business and family.
How we can help

KPMG offers a range of services geared to the needs of family business. Through our audit, tax and advisory services, we help our clients to:

  • Meet their regulatory requirements

  • Structure their businesses to accommodate growth

  • Make strategic and business plans

  • Manage surplus cash and non-core investments arising from the business

  • Raise capital and review funding options

  • Plan for management and ownership succession

  • Make sound retirement and estate planning decisions

  • Manage the accumulation and preservation of wealth through the generations

  • Maintain books and records and manage their business and personal tax affairs

Contact

Demetris S.Vakis
Board Member, Primary Contact

+357 22209301

Fax: +357 22377934

dvakis@kpmg.com

Family Business Blog

Our Family Business blog, brings you insight and opinion from our partners and industry experts. Join the conversation about family business and get connected with our blog on Family Business

Family Business Brochure

Please see our Family Business Brochure (PDF, 528 KB) for more detailed information on the services offered.

The European Family Business Barometer

European Family Business (EFB) and KPMG have joined forces to bring an insight into the confidence levels of family businesses, identifying the opportunities and challenges affecting their operations in the short, medium and long term. The surveys will be conducted twice a year to measure the changing issues facing family businesses.

Financing family business growth through individual investors

A new KPMG International survey has found that 58 percent of family businesses are currently seeking external financing to fund their investment plans, but finding the right strategic investment partner can be challenging.