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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.
GDPR and Brexit: How Data Transfers will be affected.
The European Commission has issued a statement which provides important information to companies and individuals who continue to transfer data to the UK from the EU / EEA following the withdrawal of the UK from the European Union on 31st December 2020. As of 1 January 2021, transfers of personal data to the United Kingdom […]
Revision of Criteria for Investor’s Immigration Permit for third country nationals
Under the provisions of Regulation 6(2) of the Aliens and Immigration Regulations, a third country national can apply for an Investor’s Immigration Permit, also known as a ‘fast-track’ Permanent Residency Permit, provided that certain investment criteria are met. On 24 March 2021, the Ministry of Interior announced new revisions of the investment criteria taking […]
Partner Costas Stamatiou participated in the 33rd ICC-Fraudnet International Conference
Our partner Costas Stamatiou has participated in the 33rd ICC-Fraudnet International Conference held on the 17th and 18th of March 2021. The conference was held virtually and its main theme was fraud and asset recovery in a cryptocurrency world. Mr. Stamatiou is the Cyprus member of Fraudnet and has extensive experience in asset tracing and […]
Women’s Rights Reporting for Duty!
A legal team from Elias Neocleous & Co LLC recently won a landmark ruling from the Cyprus Ombudswoman. The firm’s litigation and dispute resolution practice is the largest in Cyprus and has an unmatched record of success in helping clients of all kinds to assert and defend their legal rights in a timely manner. This […]
2021 Chambers Europe (“Chambers”) ranks Elias Neocleous & Co LLC as leading business law firm.
We are pleased to announce that this year’s edition of Chambers has listed Elias Neocleous & Co LLC as being among the top firms in Cyprus for general business law. In its overview of the firm, Chambers comments that the team is known for being “meticulous, thorough, prompt and precise”. It is also applauded for […]
New deadline for submission of 2019 Tax Returns.
On 12 March 2021, a decree from the Minister of Finance was published in the Official Gazette of the Republic. The decree extends the deadline for the submission of the 2019 Tax Returns for companies (T.D.4) and for self-employed individuals who are obliged to prepare audited accounts (T.D.1 self-employed). The new deadline for submission of […]
Elias Neocleous & Co LLC recognised by Who’s Who Legal as leading experts on Cyprus Employment Law
Nicholas Ktenas, partner of our Nicosia office and head of our Employment Law, Information Technology and Data Protection practices has been identified by Who’s Who Legal independent researchers as being among the world’s leading labour, employment and benefits lawyers for sixth consecutive year and one out of less than a handful of recognised experts in […]
Elias Neocleous & Co LLC records double ‘win’ at Cyprus HR Awards 2020.
The past year has been a difficult one for all sections of our community. Within the business sector the challenge of dealing with the Covid 19 pandemic has undoubtedly fallen heavily upon the human resources function. At Elias Neocleous & Co LLC we understand that our people are our number one asset, and we lean heavily on our HR team to ensure that we create a work […]
National Bioethics Committee says ‘no’ to mandatory Covid 19 vaccinations.
Associate, Marina Vassiliou has contributed an article to the Cyprus Mail concerning a recent ‘Opinion’ issued by the National Bioethics Committee. The Opinion addressed the issue of whether or not the Cyprus government should introduce mandatory vaccinations against Covid 19 for all citizens, irrespective of their personal wishes. In her article, Marina explores and explains […]
DAC6 –Directive of the Council of EU on mandatory disclosure and exchange of information on cross-border arrangements. Extension to the moratorium on the imposition of administrative fines for overdue submission of information
The Tax Department of Cyprus announced, on 26 February 2021, that there will be no imposition of administrative fines for overdue submission of DAC6 information in the following cases, provided that the relevant information is submitted by 30 June 2021: (a) Reportable cross-border arrangements that were made between 25 June 2018and 30 June 2020, information […]
Citywealth names Elias Neocleous & Co LLC. ‘Law Firm of the year’ for Cyprus and Malta!
We are delighted to inform you that Elias Neocleous and Co LLC has been named as the “Law Firm of the Year: Malta & Cyprus” at the 2021 Citywealth International Financial Centre (‘IFC’) Awards ceremony. The IFC Awards are now in their 10th year and are highly respected within the worldwide professional community. They were […]
ESMA proposes rules for Taxonomy-alignment of non-financial undertakings and asset managers
On 1 March, the European Securities and Markets Authority (ESMA), published its Final Report on advice under Article 8 of the Taxonomy Regulation. Article 8 covers the information to be provided by non-financial undertakings and asset managers to comply with their disclosure obligations under the Non-Financial Reporting Directive (NFRD). The recommendations outline the Key Performance […]