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News & Events
Stay informed of the latest news and developments from our firm. Discover what is shaping our practice and people.
Lowering of short positions holding disclosure threshold officially announced
Regulation (EU) No 236/2012 establishes the obligation to notify competent authorities of significant net short positions in relation to the issued share capital of a company that has shares admitted to trading on a European Union trading venue, where the position reaches or falls below the relevant notification threshold. The Commission monitors whether the relevant […]
MLM or Pyramid Scheme?
Direct sales companies include many strategies for the marketing and successful selling of their products. One example of such strategies is multilevel marketing (MLM). MLM involves the recruitment of new distributors by existing ones, who are then paid a percentage of their recruits’ sales. Essentially, MLM is a distribution model whereby representatives sell a company’s […]
Andrea Kallis Parparinou – Building a path for the next generation of businesswomen.
In a special Christmas Day feature the Cyprus Mail identified a group of effective and successful businesswomen in Cyprus who it perceives as forging a new path for the next generation of female entrepreneurs and professionals. Included in this group was our own partner Andrea Kallis Parparinou. Following their selection all the women have been interviewed […]
Article of our Managing Partner, Elias Neocleous, published in the new year special edition of the Phileleftheros newspaper
In a recent article published in the new year special edition of the Phileleftheros newspaper, prominent Cyprus business leaders were asked to comment on the year that was, and where they see the new year taking the Cyprus economy and business community. Managing Partner, Elias Neocleous expressed the view that whilst the consequences of the […]
We place innovation at the heart of everything we do
Elias Neocleous & Co LLC is the largest law firm in Cyprus with established professional networks worldwide. The quality of our service is evidenced by the ‘tier one’ rating awarded to us by the premier independent rating bodies. We are committed to the pursuit of excellence in all that we do, and we strongly believe […]
Senior Associate, Elena Riga Michael is called to the bench!
As 2021 draws to a close we at Elias Neocleous & Co LLC will also be bidding a fond farewell to one of our most distinguished litigators. It is with great pride that we announce that Senior Associate Elena Riga Michael, has been elevated to membership of the Cyprus judiciary. Elena has been a member […]
New Year’s Eve heralds implementation of amendments to Income Tax Law and to Special Contribution for Defense Law
On 21 December 2021 new provisions amending both the Income Tax Law and the Special Contribution for the Defense of the Republic Law (SCD Law) were published in the Official Gazette of the Republic. The amendments had previously been approved by the House of Representatives and are designed to bolster anti-tax avoidance measures. They take […]
The Republic of Cyprus and the Hashemite Kingdom of Jordan signs an agreement on the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income
The Ministry of Finance has announced that, on the 17th of December 2021 in Nicosia, an Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income was signed between the Republic of Cyprus and the Hashemite Kingdom of Jordan. The Treaty was signed by the Minister of Finance Mr. Constantinos Petrides on […]
Elias Neocleous & Co LLC wins ‘Who’s Who Legal’ Award.
Ending 2021 on a positive note we are really pleased to announce that Elias Neocleous & Co LLC has added to the numerous awards already received this year by being named 2021 Cyprus Law Firm of the Year by Who’s Who Legal. Published by independent publishing group Law Business Research Limited, Who’s Who Legal’s reputation […]
CySEC grants firms permission to operate under a Temporary Permission Regime
In December 2020, CySEC introduced a Temporary Permission Regime (TPR) so as to allow UK firms to continue to provide investment services without a requirement for a physical presence in Cyprus. Permission is granted under the condition that they only offer their services to eligible counterparties and/or professional clients based in Cyprus. CySEC has recently […]
Tax reform on the horizon for 2022
On 9 December 2021, Finance Minister Constantinos Petrides, as part of his 2022 Budget presentation to the House of Representatives, announced the intention of the Cyprus government to proceed with the first major overhaul of the country’s corporate taxation system for 20 years. The proposals follow hard on the heels of the global agreement made […]
Neolaw.ai enters phase 2 testing
We are pleased to announce that, following successful completion of its launch trial, we are now commencing phase 2 testing of our revolutionary legal platform Neolaw.ai. Using the latest and best aspects of machine learning and AI together with a natural language processing, our goal is for Neolaw.ai to become an indispensable legal assistant and […]