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Stay informed of the latest news and developments from our firm. Discover what is shaping our practice and people.
Elias Neocleous participated as a speaker in the Cyprus Professional Services Conference
20 May 2021 saw the Hilton Nicosia host the Cyprus Professional Services Conference at which our Managing Partner, Elias Neocleous, was a key speaker. The conference attracted leading professional professionals from all parts of Cyprus with senior representatives of the legal, accounting, banking, finance, investment, trust and regulatory sectors all keen to exchange views on […]
New e-commerce VAT rules.
A newsletter has been issued by the Tax Department on the new VAT rules relating to cross-border e-commerce (business-to-consumer – B2C). The rules will enter into force from the 01st of July 2021. The new VAT e-commerce rules aim to put in place a simplified VAT system for businesses which provide services and/or sale of […]
‘Encouragement of Long-Term Shareholder Engagement Law’ now in effect in Cyprus.
The ‘Encouragement of long-term shareholder engagement law’ (‘the Law’), which transposes Directive (EU) 2017/828 of the European Parliament and the Council of 17 May 2017 (‘the Shareholders’ Directive), was published in the Official Gazette of the Republic 12 May 2021. It takes effect from that date. Background The Shareholder’s Directive was the response of the […]
The Best Lawyers in Cyprus™ (2021-22 Edition)
We are delighted to announce that 16 lawyers spanning all departments in Elias Neocleous & Co LLC have been individually listed in the 2021-2022 Edition of ‘The Best Lawyers™ in Cyprus’. In addition to being listed, Managing Partner, Elias Neocleous also received the Best Lawyers™ 2022 Tax “Lawyer of the Year” award. ‘The Best Lawyers™ […]
The clock is ticking for the “old” Cyprus IP Box regime
The provisions of the new IP Box regime, under some conditions, allow the companies that were benefiting from the old regime to continue to benefit until the end of June 2021. Cyprus entities will need to assess whether they are eligible to benefit from the new IP Box regime to ensure a smooth transition from […]
Elias Neocleous & Co LLC – partners for growth!
Elias Neocleous & Co LLC is proud to have advised Mediterranean Hospitality Venture Limited (MHV) on its 100% acquisition of Park Lane Hotels Limited. This most recent purchase enabled MHV to add internationally branded luxury hotel complex ‘Parklane, a Luxury Collection Resort & Spa Limassol’, the only luxury internationally branded resort in Cyprus, to its portfolio of high- […]
Keeping up with the Cyprus Private Client Sector
With the world currently in a state of flux due to the Covid 19 pandemic and a seemingly never-ending parade of new legislation and regulation it can sometimes be difficult for the private client to know quite what they should be doing to best protect their assets whilst staying on the right side of the […]
Business conduct that is beyond reproach.
An interview with our Managing Partner, Elias Neocleous, has recently been published in Gold Magazine. During a wide-ranging discussion Elias was asked for his thoughts on the challenges and opportunities facing the professional services sector in Cyprus. Whilst he was able to suggest a host of areas ripe for growth, and in which Cyprus holds […]
Cyprus and United Kingdom: The promising Lands? – Services and Opportunities
On 20 April 2021, partner Andrea Kallis participated in the above seminar which was hosted by the Great Britain and Cyprus Business Association. The seminar addressed the issue of the ongoing relationship between the two countries now that the Brexit transition period has expired. The keynote speaker was Natasa Pilides, Minister of Energy, Commerce and Industry […]
EU seeks to build a Europe that is ‘fit for the digital age’.
The EU has, in recent years, strongly advocated the need to build a resilient Europe which is fit for the Digital Decade. This picture of Europe is one where people and businesses benefit from artificial intelligence-generated improvements (AI) in industry and in day-to-day life. However, also critical to this vision of the future, is an […]
Simply the best! Legal 500 awards ‘Tier 1’ status to all departments of Elias Neocleous & Co LLC.
The 2021 Legal 500 Europe, Middle East & Africa rankings have been released and we are delighted to report that Elias Neocleous & Co LLC has been awarded the highest rating possible. For the first time in the firm’s history all our departments are ranked as ‘Tier 1’. This is a feat which no other […]
Amendment to Assessment and Collection of Taxes Law extends deadlines for 2020 Tax Return submissions and provisional tax payments
An amendment to the Assessment and Collection of Taxes Law has been passed by the House of Representatives and was published in the Official Gazette 20 April 2021. The amendment extends the deadline for submission of Form T.D. 1 (Income tax return of individuals) and Form T.D. 7 (Employer’s return) for the 2020 tax year. […]