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Stay informed of the latest news and developments from our firm. Discover what is shaping our practice and people.
CySEC Circular C489 to Regulated Entities on EU Council’s Restrictive Measures
Cyprus Securities and Exchange Commission (“CySEC”) has recently issued circular C489 (the “Circular”), addressed to Regulated Entities, namely, CIFs, ASPs, UCITS Management Companies, Internally managed UCITS, AIFMs, Internally managed AIFs, Internally managed AIFLNPs, companies with sole purpose the management of AIFLNPs, Crypto Asset Service Providers and Small AIFMs (the “Regulated Entities”). Cyprus Law 58(I)/2016, as […]
Congratulations to associate, Alexis Christodoulou, who has successfully completed all stages of the Advanced Diploma in International Taxation (ADIT) examinations.
ADIT examinations lead to a professional qualification offered globally by the highly respected UK-based Chartered Institute of Taxation. Investing in further education such as the ADIT qualification ensures that the Elias Neoclous & Co LLC tax team continues to be well resourced to meet the demands and needs of modern international tax advisory work. The […]
Revision of Transfer Declaration Form (N.270), by the Department of Lands and Surveys
The Department of Lands and Surveys has recently announced the upcoming revision of Form N.270, which concerns the transfer declaration form, for immovable property transfers, according to the Immovable Property (transfer and mortgage) Law of 1965 (9/1965). The revised N.270 form, will be issued in an A4 format (as opposed to the previous A3 format), and will be […]
Protocol amending the Double Tax Convention between the Republic of Cyprus and the Swiss Confederation
The protocol amending the double tax convention between the Republic of Cyprus and the Swiss Confederation which was signed on 20 July 2020 in Nicosia, Cyprus came into effect on 3 November 2021 (please see Circular 3/2022). The protocol relates to the avoidance of double taxation in respect of taxes on income and on capital. The […]
Protocol amending the Double Tax Convention between the Republic of Cyprus and the Federal Republic of Germany
The protocol amending the double tax convention between the Republic of Cyprus and the Federal Republic of Germany which was signed on 19 February 2021 in Nicosia, Cyprus came into effect on 8 December 2021 (please see Circular 2/2022). The protocol relates to the avoidance of double taxation in respect of taxes on income and on […]
The Cyprus Tax Department publishes a new FAQs section on Transfer Pricing
On 24 January 2022, the Cyprus Tax Department published a new “Frequently Asked Questions (FAQs)”section on its website on Transfer Pricing (TP). The FAQs relate to the Interpretative Circular 3 issued on 30 June 2017 (Back-to-Back Circular). The Back-to-Back Circular applies to Cyprus tax resident companies and permanent establishments of foreign companies conducting intra-group back-to-back financing transactions and […]
Employment Law Webinar : Europe Year in Review – UK and Western Europe, 9 February 2022
On 9 February 2022, Associate and employment law specialist, Demetris Gregoriou, will be joining forces with the Employment Law Alliance and employment specialists from across Europe to present a live, interactive webinar. The webinar is one of a series which will discuss the most significant labour and employment changes of 2021. It will also attempt […]
Striking Gold at the 2022 Citywealth International Financial Centre (IFC) awards!
The 2022 Citywealth IFC awards took place in London on 26th January, and we are delighted to inform you that Elias Neocleous and Co LLC has retained its title as the “ Law Firm of the Year: Malta & Cyprus”. The annual IFC Awards were established to highlight the excellence of professionals within the world’s […]
Elias Neocleous & Co LLC proud to support EBRD
Elias Neocleous & Co LLC is proud to have contributed to the Business Reorganisation Assessment project of the European Bank for Reconstruction and Development (EBRD). In particular, our associate Ioannis Sidiropoulos has contributed to the Cyprus national report. The project results consist of a ‘Main Report,’ which provides a cross-jurisdictional analysis of business reorganisation tools […]
11th World Litigation Forum – 2022 and beyond: A new era for dispute resolution?
Our Head of Litigation and Dispute Resolution Department, Chrysanthos Christoforou, has recently attended the World Litigation Forum – 2022 which took place in Dubai on 19 & 20 January 2022. Despite the pandemic, this year’s forum attracted a large number of distinguished speakers and participants from some of the world’s leading law firms who have […]
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 […]