Removal of Namibia from EU list of non-cooperative tax jurisdictions

On 6 November 2018 Namibia was removed from the EU’s list of non-cooperative tax jurisdictions by a decision of the Economic and Financial Affairs Council, which considered that Namibia has made sufficient commitments at a high political level to address EU concerns. As a result, Namibia has been moved from annex I to annex II, […]

Publication of the latest Central Bank of Cyprus ship management survey

Cyprus is one of the world’s most important locations for ship management, with around 60 ship management companies operating in its territory, several of which rank among the largest of their kind in the world. Cyprus-based ship management companies employ almost 40,000 seafarers including 5,000 EU nationals, and the total fleet managed from Cyprus is […]

CySEC circular on dealings with persons and entities in Iran

The Cyprus Securities and Exchange Commission (‘CySEC’) has issued a circular (C284 dated 5 November 2018) to entities it regulates drawing their attention to a notice issued by the USA authorities regarding dealings with individuals or entities in Iran and reminding them that both the EU Commission and the Financial Action Task Force designate Iran […]

The Private Client and Private Wealth Review

   Author: Elias Neocleous, Elina Kollatou Law Firm: Elias Neocleous & Co LLC Publisher: Law Business Research Practice area: TAX LAW, TAX PLANNING AND ADVANCED BUSINESS STRUCTURING

Extension of due date for payment of individuals’ 2017 income tax liability

The Cyprus Tax Department has announced an extension of the time allowed for employed and self-employed individuals who are not required to submit audited financial statements to pay their income tax for 2017. Until the end of November payment of any balance due in respect of 2017 income tax may be made via the JCCsmart […]

Elias Neocleous & Co LLC supports the first Cyprus Computer History Museum

As part of its commitment to social responsibility and support for education and culture, Elias Neocleous & Co LLC is proud to be among the principal supporters of the first Computer History Museum in Cyprus, which opened its doors to the public for the first time on 21 October in Hall 1 of the International […]

Ratings success for Elias Neocleous & Co LLC

IFLR1000, the guide to the world’s leading financial and corporate law firms and lawyers, has today released its listing of leading lawyers. Elias Neocleous & Co LLC continues to lead the Cyprus legal services market, being the only firm awarded the prestigious Tier 1 ranking in Cyprus. IFLR is one of the most respected organisations […]