Who we are
APC Audit Tax Advisory Ltd is a boutique Tax, Audit and Business Advisory organization which has evolved into a successful firm by offering focused, specialized services to its niche sectors.
As a leading local firm with over two decades of experience, APC offers tax, audit and business consultancy to an international clientele, providing high quality support to international cross border businesses. Our size allows us to be flexible and most of all, it allows us to humanize financial and tax services to the point where we become friends with our clients. Guided by our core values of competence, integrity, respect and value, at APC we operate with the fundamental philosophy that every client deserves exceptional, timely service from our knowledgeable professionals.
APC adheres to the strict quality control measures and high professional standards of the Institute of Certified Public Accountants of Cyprus (ICPAC). In addition, our professional team members individually belong to other accountancy boards such as the American Institute of Certified Public Accountants (AICPA) and the Association of Chartered Certified Accountants (ACCA) and they adhere to the professional standards of the respective boards.
At APC, our focus is always the client. We are ardent believers of “good, old-fashioned service” and we have been consistently supporting our clients in their endeavors, the old-fashioned way: with personal attention and attention to detail. Our success depends on our clients as they have been our biggest advocates who recommend us to their business associates and other acquaintances.
Our clients appreciate our unique ability to draw upon the depth of our organization to provide the best solution possible, whether that means obtaining information locally or globally through our network of international affiliates. A one-size-fits-all approach is not the way to solve today’s complex business challenges. Our solutions are rooted in a deep understanding of the client, its business and its industry.
We contribute to the success of our clients by providing high-quality and attentive services. We commit to do that by establishing a personalized business support system, tailor-made to address our clients’ special needs always aiming to achieve the highest quality deliverables.
Our Commitments, Values & Culture
Our culture is propagated by our management and is solidified by our people; down to earth, approachable, and always with a willingness to help, working together to achieve common goals: superior client service, work and life balance, and personal and professional development. APC provides a work environment that reflects our commitment to state-of-the-art technologies and deep resources meant to enable our professionals to meet these goals.
Working in teams, approaching every task from varied points of view, our people complement each other in addressing a wide range of concerns, issues or challenges that our clients are faced with. Our environment takes into account diversity, varied work schedules meant to accommodate personal responsibilities and commitments, and varying stages of career growth.
To our clients
We are dedicated to our clients’ success and define our own success in terms of theirs. We will strive to understand their needs and to exceed their expectations by delivering exceptional service and outstanding value.
We will continuously renew our resources so that we bring our clients the most up-to-date information, methodologies and know-how.
To our staff
We will provide challenging career paths with ample opportunities for growth and professional development.
We will also continue to build our staff capabilities through training, career planning, and effective recruitment of the “best and brightest.”
We will create an environment that nurtures creativity, innovation, and teamwork. We will honor excellence and reward contribution.
To the community
We will be constructive, dedicated and active members of the communities where we work and live.
We will encourage and support equal opportunity, diversity, sustainability and growth, education and personal initiative.
We believe that we can best serve our clients, our staff, and our communities by always improving the quality of everything we do.
We are committed to the process of becoming a continuously self-improving organization.
We will make no ethical compromise in pursuit of these goals.
We will remain entrepreneurial in style, attitude and approach.
Our Management Team
Athena P. Constantinou
Our senior leadership team is headed by our Managing Director, Athena P. Constantinou who is also heading the firm’s Sports, Entertainment and Fashion division. Mrs. Constantinou holds a bachelor degree in Business Administration, with specialization in Accounting and Business Law, from the Bernard M. Baruch School of Business of the City University of New York. She also holds a Masters in Business Administration (MBA) in Computer Information Systems from the Bernard M. Baruch School of Business of the City University of New York. She is a Certified Public Accountant licensed in the State of New York and she is an International Member of the American Institute of Certified Public Accountants. She also holds a Chartered Global Management Accountant certification, she is a Certified Financial Education Instructor accredited by the National Financial Educators Council in the U.S and she is a member of the Sports Financial Advisers Association, the British Association for Sports and Law, the International Tax Planners Association and the International Wealth Planners Association. She is also an associate member of the Sports Lawyers Association.
Mrs. Constantinou has had considerable professional experience on an international level in the fields of tax and business consulting, advising high net worth individuals and entities in the sports, entertainment and fashion industries for more than 30 years. She has practiced as a CPA for a number of years in New York City with in depth involvement in international tax planning and business consulting. Her professional career revolves around the international aspects of taxation and consulting especially in the sports, entertainment and fashion industries. She is also heavily involved in providing advice in connection with tax structuring, development, valuation, commercialization and management of image rights of athletes and entertainers worldwide.
Ioakim E. Thrasyvoulou
Ioakim Thrasyvoulou is a fellow member of the Association of Chartered Certified Accountants (FCCA), a member of the Institute of Certified Public Accountants of Cyprus with a license to practice and a member of the International Tax Planning Association.
Mr. Thrasyvoulou commenced his career as an audit/accounting associate and he then joined the VAT department of PWC Cyprus, where he specialized in the provision of VAT advisory services to a number of multinational companies and some of the largest local companies, including companies engaged in the Financial Services (FS), Intellectual Property (IP) and International Trading sector.
Mr. Thrasyvoulou was engaged as an advisor of the Cyprus government agency Invest Cyprus in relation to the Cyprus Film Incentive Scheme and he headed the team responsible for the procedures of the final approval of productions. He was also involved in the preparation of the Economic impact study of the Cyprus Film Rebate scheme.
Lazaros G. Ioannou
Lazaros Ioannou holds a bachelor degree in Business Administration, with specialization in Management and Marketing from the University of Cyprus and a Bachelor of Law Degree (LLB) from the University of Nicosia. Additionally, Mr. Ioannou is a Certified Anti-Money Laundering Specialist by ACAMS and holds the Advanced Certificate from The Cyprus Stock Exchange Committee (CySEC). Mr. Ioannou has extensive experience in the compliance services sector, having served this sector for seven years from various positions.
Mr. Ioannou is currently holding the position of the Director of Advisory Services of our firm and he is responsible for the recognition and establishment of new markets, services and business opportunities, oversees the implementation of our firm strategic plan and collaborates with all the departments and groups of our firm for the provision of services to existing and new clients. Mr. Ioannou is personally in touch with our clientele with an in-depth involvement in assessing and addressing their changing business needs.
Elena C. Papaioakim
Elena Papaioakim holds a Bachelor of Law Degree (LLB) from the University of Leicester and a Master’s Degree in Employment Law (LLM) from the Nottingham Trent University. She is also a member of the Cyprus Bar Association and holds the AML Certificate issued by CySEC.
Mrs. Papaioakim has extensive experience in the Regulatory and AML Compliance sector and she is manager of the Compliance Services division of the firm, which services the Regulatory and AML Compliance needs of financial institutions, investment firms and other obliged entities.
Achilleas C. Zapounis
Achilleas Zapounis holds a Bachelor’s degree in Accounting and Finance from the University of Bath. Additionally, Mr. Zapounis is a member of the Institute of Chartered Accountants of Scotland (ICAS) and the Institute of Certified Public Accountants of Cyprus (ICPAC).
Mr. Zapounis obtained his professional qualification in the Audit Practice of a Big-4 firm in London. There, he led various audit assignments, specializing in the non-life insurance sector. Following his qualification, he moved to the Transaction Advisory Practice of a Big-4 firm in Nicosia, where he was primarily involved in Valuations and Business Modelling. He currently holds the position of Senior Manager in the Business Consulting department in APC and possesses significant knowledge in business valuations and sell-side advisory services. He has also led the performance of feasibility studies, business plan reviews and fairness opinions for companies, both local and global, operating across multitude of industries. Mr. Zapounis holds the position of Senior Manager of our Advisory Services division.
Accounting & VAT division Manager
Andreas Hadjikyriacou is a Qualified Accountant, member of the Association of Certified Chartered Accountants and the Institute of Certified Public Accountants of Cyprus. Mr. Hadjikyriacou holds a first class honours degree in Finance and Accounting from the University of Salford (UK).
Mr. Hadjikyriacou is a well-rounded professional who obtained his qualification in the International Private Clients department of PwC. During his seven year tenure with PwC, he progressed to be a controller for portfolios of high net worth international clients and multinational family offices, specializing in global accounting and compliance matters, mergers and acquisitions, tax restructuring and succession planning.
Mr. Hadjikyriacou is currently holding the position of the Manager in the Accounting and VAT division of the firm. He is leading our accounting department and he is responsible for the smooth and accurate delivery of financial reporting. He also provides accounting and tax advices, with a focus on indirect tax matters and payroll, to both our local and international clientele.