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Stay informed of the latest news and developments from our firm. Discover what is shaping our practice and people.
We place innovation at the heart of everything we do
Elias Neocleous & Co LLC is the largest law firm in Cyprus with established professional networks worldwide. The quality of our service is evidenced by the ‘tier one’ rating awarded to us by the premier independent rating bodies. We are committed to the pursuit of excellence in all that we do, and we strongly believe […]
Senior Associate, Elena Riga Michael is called to the bench!
As 2021 draws to a close we at Elias Neocleous & Co LLC will also be bidding a fond farewell to one of our most distinguished litigators. It is with great pride that we announce that Senior Associate Elena Riga Michael, has been elevated to membership of the Cyprus judiciary. Elena has been a member […]
New Year’s Eve heralds implementation of amendments to Income Tax Law and to Special Contribution for Defense Law
On 21 December 2021 new provisions amending both the Income Tax Law and the Special Contribution for the Defense of the Republic Law (SCD Law) were published in the Official Gazette of the Republic. The amendments had previously been approved by the House of Representatives and are designed to bolster anti-tax avoidance measures. They take […]
Elias Neocleous & Co LLC advises on US$450 Million High Yield Bond Offering by Energean PLC
Elias Neocleous & Co LLC in collaboration with Latham & Watkins represented J.P. Morgan, ING Bank, BNP Paribas, Credit Suisse, Deutsche Bank AG, Goldman Sachs International, Morgan Stanley, Natixis and Poalim IBI (the “Initial Purchasers”) in connection with a US$450 million offering of Rule 144A/Reg S high yield senior secured notes issuance by Energean PLC, […]
The Republic of Cyprus and the Hashemite Kingdom of Jordan signs an agreement on the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income
The Ministry of Finance has announced that, on the 17th of December 2021 in Nicosia, an Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income was signed between the Republic of Cyprus and the Hashemite Kingdom of Jordan. The Treaty was signed by the Minister of Finance Mr. Constantinos Petrides on […]
Elias Neocleous & Co LLC wins ‘Who’s Who Legal’ Award.
Ending 2021 on a positive note we are really pleased to announce that Elias Neocleous & Co LLC has added to the numerous awards already received this year by being named 2021 Cyprus Law Firm of the Year by Who’s Who Legal. Published by independent publishing group Law Business Research Limited, Who’s Who Legal’s reputation […]
CySEC grants firms permission to operate under a Temporary Permission Regime
In December 2020, CySEC introduced a Temporary Permission Regime (TPR) so as to allow UK firms to continue to provide investment services without a requirement for a physical presence in Cyprus. Permission is granted under the condition that they only offer their services to eligible counterparties and/or professional clients based in Cyprus. CySEC has recently […]
Tax reform on the horizon for 2022
On 9 December 2021, Finance Minister Constantinos Petrides, as part of his 2022 Budget presentation to the House of Representatives, announced the intention of the Cyprus government to proceed with the first major overhaul of the country’s corporate taxation system for 20 years. The proposals follow hard on the heels of the global agreement made […]
Neolaw.ai enters phase 2 testing
We are pleased to announce that, following successful completion of its launch trial, we are now commencing phase 2 testing of our revolutionary legal platform Neolaw.ai. Using the latest and best aspects of machine learning and AI together with a natural language processing, our goal is for Neolaw.ai to become an indispensable legal assistant and […]
Reinstatement of Cyprus private companies; Registrar of Companies introduces new form HE64
A company that has been struck off from the register of companies due to non-compliance with the Companies Law can be reinstated through an administrative restitution procedure without a court order. The entity is considered to continue to exist as if it had not been deleted. This possibility of an administrative restitution can be provided […]
Helping to boost bone marrow donation
Every year thousands of patients are diagnosed with life threatening blood or immune system disorders such as leukemia, lymphoma, sickle cell disease and thalassemia. Sometimes, for them, bone marrow transplantation from a compatible or unrelated donor will be the best treatment option available. However, even with more than 20 million volunteer bone marrow donors available worldwide, […]
Non-imposition of administrative penalties concerning tax returns submitted up until 6 December 2021
The Minister of Finance, in order to facilitate taxpayers and their tax consultants, has announced that there will be no administrative penalties imposed for the below mentioned Tax Returns submitted up until Monday, 6 December 2021: Personal Income Tax Return 2020 (TD1 Form) Income Tax Return for Self-Employed with Accounts 2019 (TD1SEmpl Form) Company Income Tax […]