Latest
News & Events
Stay informed of the latest news and developments from our firm. Discover what is shaping our practice and people.
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 […]
ENC assists Mintra in acquisition of Safebridge
Elias Neocleous & Co LLC is pleased to have assisted Lupp + Partner PartG mbB in advising Norwegian based Mintra Holding AS on its strategic expansion and strengthening of its training capabilities through the cross-border acquisition of German based maritime digital learning and crew competence management specialists Safebridge GmbH and its Cyprus subsidiary Safebridge Limited. […]
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 […]
European Banking Authority publishes final revised Guidelines on money laundering and terrorist financing risk factors.
On 1 March, the European Banking Authority (the ‘EBA’) published its final revised Guidelines on Money Laundering (ML) and Terrorist Financing (TF) risk factors. The revisions take into account changes to the EU Anti Money Laundering and Counter Terrorism Financing legal framework. New ML and TF risks are also addressed, including the ones identified by […]
Global Sanctions Guide
Elias Neocleous & Co LLC is proud to have provided the Cyprus content for the third edition of “Global Sanctions Guide” (the Guide) by Eversheds Sutherland. The Guide is the result of a comprehensive research project on sanctions frameworks. The project brought together leading experts from around the world who reported on the characteristics and […]
Cyprus residency post Brexit.
An article by Associate, Christiana Georgiou, recently featured in the Cyprus Mail. In it she addresses the post Brexit residency status and rights of UK nationals in possession of MEU1 or MEU3 papers prior to the end of the ‘transition’ period on 31 December 2020. She also clarifies the legal position of those who were […]
Amendment to the Double Tax convention between the Republic of Cyprus and the Federal Republic of Germany
A protocol amending the current double tax convention between the Republic of Cyprus and the Federal Republic of Germany was signed on 19 February 2021 in Nicosia, Cyprus. The protocol relates to the avoidance of double taxation in respect of taxes on income and on capital. The double tax convention with the German Federation is […]