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Stay informed of the latest news and developments from our firm. Discover what is shaping our practice and people.
26 June 2020, EU backs launch of three Covid 19 support measures in Cyprus.
Minister of Finance, Mr. Constantinos Petrides helped get the weekend off to an auspicious start by announcing that three measures, designed to counteract some of the negative impacts of Covid 19, had gained EU approval and would be launched with immediate effect. The specific measures approved wer...
State aid: Commission expands Temporary Framework to further support micro, small and start-up companies and incentivise private investments
The European Commission has recently adopted a third amendment to extend the scope of the State aid Temporary Framework adopted on 19 March 2020 to support the economy in the context of the coronavirus outbreak. The main purpose of the Temporary Framework is to provide targeted support to otherwise...
Introduction of new European Union Agricultural Policy delayed for two years.
The EU Council has announced that the introduction of the new Common Agricultural Policy (CAP 2) for Europe will be delayed until the end of 2022. The announcement was made after the Council reached an understanding with the European Parliament (‘Parliament’) on 30 June 2020. It has been agreed t...
Higher rate General Health Service (GHS) contributions reinstated from 1 July 2020
Whilst the Cyprus economy begins to emerge from its Covid 19 induced shutdown, one temporary measure introduced to ease the cashflow burden on businesses and individuals at the height of the pandemic, is due to lapse today, 30 June 2020. It is unlikely to be renewed. The measure relates to an inc...
Launch of Cyprus Department of Taxation’s new electronic ‘Tax Gateway’ service imminent.
The Taxation Department (the ‘Department’) has recently informed the Cyprus International Businesses Association that it expects its new electronic taxation service to be operational within days. The service will be known as the ‘Tax Gateway’ and access to it will be possible using the same usernam...
Extended deadline for the submission of the 2019 personal income tax returns (IR1) and the payment of tax due
On the 16th of June 2020, the Cyprus Tax Department announced the extension of the deadlines for the following 2019 tax submissions to 30 October 2020 (ΚΔΠ 247/2020): Employees and pensioners (TD1 – Employee) Submission of the 2019 personal income tax return by employees and pensioners whose gros...
An interview of our Managing Partner, Mr. Elias Neocleous, was recently published in the In Business magazine.
Mr. Neocleous mentioned that despite the considerable uncertainties the pandemic has caused, our firm has managed to face the challenges in a successful way. He stressed that, as a firm we remain committed to our set goals, and, we are confident that the expected improvement of the market condition...
Paphos partner, Christia Middleton, elevated to judiciary.
It is with immense pride and pleasure that we announce the appointment of our partner, Christia Middleton, to the position of District Judge in Cyprus effective 1 July 2020. Christia has been an integral part of the Litigation and Dispute Resolution department at Elias Neocleous & Co LLC and i...
Tender for Liquefied Natural Gas terminal at Vasilikos Bay
As Cyprus moves forward with its plans to build a Liquefied Natural Gas terminal on the Island, Elias Neocleous & Co LLC is proud to have advised and assisted Abamba Limited, a consortium of global engineering firms EPCM Consultants SA (Pty) Ltd, Global Maritime Consultancy Limited and iX Engin...
A corporate presentation of our firm, in light of the Covid-19 crisis, was recently published in the Insider magazine.
Our firm successfully copes with the challenges of the crisis thanks to its constant commitment to values such as excellence and innovation, its interest in the needs of its people, its flexible organizational structure, its spread of activity across the full range of legal services, the high cal...
An interview of our Managing Partner, Mr. Elias Neocleous, was recently published in the Insider magazine.
According to Mr. Neocleous, Cyprus is no exception to the serious consequences of the Covid 19 global crisis. Dealing with them requires a lot of effort in all areas, but it is also an opportunity to accelerate necessary changes. In the field of Justice, the crisis reveals that the conditions...
Legal Business Magazine interviews Elias Neocleous.
Internationally respected publication, ‘Legal Business’, recently published in its March/April 2020 edition an analysis of the changing legal landscape for law firms operating in southern and eastern Europe. Elias Neocleous provided insights and experiences as to the unique challenges of operating...