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Stay informed of the latest news and developments from our firm. Discover what is shaping our practice and people.
Council of Ministers’ bill introduces new incentives for businesses
A bill was approved this week by the Council of Ministers, and has been introduced before the Parliament for enactment into law. The bill introduces a new Business Attraction Program – with the aim to establish Cyprus as a primary investment hub and destination for entrepreneurs and businesses. The new program’s scope also extends to attracting both […]
Sanctions, Fraud and Asset Recovery in a Turbulent World” – Elias Neocleous & Co LLC hosts 34th ICC Fraudnet Conference.
Hosted by Elias Neocleous & Co LLC in Limassol, Cyprus, the 34th ICC Fraudnet Conference and ensuing business meetings took place 5-7 May 2022. FraudNet is a worldwide network of independent lawyers who are the leading civil asset recovery specialists in each country. Founded in 2004 by the Paris-based International Chamber of Commerce (ICC), ICC […]
‘DIGITAL NOMADS VISA SCHEME’
The Cyprus Digital Nomad Visa Scheme was introduced in Cyprus with effect from October 15, 2021, pursuant to the decision of the Council of Ministers. Core to the Scheme’s goals is, the strengthening and promotion of Cyprus as a hub for the provision of digital and electronic services and, in achieving this, contributing to the […]
GOOD NEWS FOR CYPRUS START UP COMPANIES: AGREEMENT FOR THE ESTABLISHMENT OF A CYPRUS EQUITY FUND
After many months of negotiations between the Ministry of Finance and the European Investment Fund (EIF), a Financing Agreement for the assignment of the Management of the Cyprus Equity Fund (CEF) to the EIF was signed by the Minister of Finance, Mr. Konstantinos Petridis, today. The CEF will invest mainly in start-up and innovative Cypriot […]
‘Extremely knowledgeable, strategic and effective’ – Perfection achieved in 2022 Legal 500 EMEA rankings!
The 2022 Legal 500 Europe, Middle East & Africa rankings have been released and for the second consecutive year we are delighted to report that Elias Neocleous & Co LLC has received a Tier 1 rating in all nine categories reviewed. We are the only law firm in Cyprus to achieve this. Legal 500 has […]
The Income Tax Return for the year 2021 is now open for submission
The Tax Department of Cyprus has announced on 8 April 2022 that the submission of personal tax returns for the year 2021 is now open, via TaxisNet. Pursuant to Directive ΚΔΠ 51/2022 issued by the Council of Ministers, there is an obligation on employees, pensioners and self-employed individuals who do not prepare audited financial statements (Form T.D.1) […]
Partner Costas Stamatiou was a speaker at the 16th Fraud, Asset Tracing & Recovery Conference
Our Partner Costas Stamatiou was a speaker at the C5 Fraud, Asset Tracing & Recovery Conference which was held in Geneva between the 24th and 25th of March 2022. Costas had the opportunity to discuss recent trends and developments in relation to fraud and asset tracing in Cyprus including the effects of the newly anticipated […]
Elias Neocleous & Co LLC and the Cyprus Institute of Marketing – producing our next generation of lawyers!
Elias Neocleous & Co LLC is proud to announce that it has entered into a strategic partnership with the premier business school in Cyprus, The Cyprus Institute of Marketing (CIM). The initial focus of our partnership efforts will be assisting CIM in delivering its new LLB (hons) programme. The programme has been developed in conjunction […]
Cyprus sets up working group to guide professionals on economic sanctions
In view of the extraordinary circumstances created due to the situation in Ukraine, a decision has been made for the set-up of a working group (the “Group”) responsible for the coordination and procedures for the implementation of the economic sanctions decided at an EU institutional level, providing guidelines to market participants in need of guidance. […]
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 […]
Environmental and social factors will become central to all business operations.
The Cyprus Mail recently interviewed Managing Partner, Elias Neocleous, about his attitude, and that of the firm, to the concept of sustainability. In the interview Elias expressed his view that sustainable business practices and corporate social responsibility are not only desirable in themselves, but they are also essential for the long-term survival of any business. […]
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 […]