Insights
Publications
Explore our latest publications and legal insights. Sharing knowledge on key legal and industry developments.
Cyprus: suspension of access to the register of beneficial owners (the “UBO Register”) for members of the general public
Following the landmark judgement of the Court of Justice of the European Union in joined cases C-37/20 and C/601/20 (the “Judgment”), the Department of Registrar of Companies and Intellectual Property has announced the suspension of access to the UBO Register for members of the general public. According to the Judgment, Article 1 point 15(c) of […]
Cybersecurity and digital resilience in the financial services sector
The December edition of the Great Britain and Cyprus Business Association Gazette contains an article authored by Associates Adonis Zachariou and Theodora Alexandrou. The article explores the EU ‘Digital Operations and Resilience Act’(DORA) which was recently endorsed by the European Parliament and now awaits the approval of the European Council. It details the objectives and […]
The Cyprus Tax Department has recently issued an interpretative Circular related to Articles 8(21A) and 8(23A), incentives for first employment in Cyprus.
On 1 November 2022, the Cyprus Tax Department issued the interpretative Circular 10/2022 which elaborates with practical examples on the tax incentives that have recently been introduced for first employment in Cyprus under articles 8(21A) and 8(23A) of the income tax law. The Circular focuses on the below matters: General explanations on the terminologies “first […]
The battle against Crypto-Asset fraud
Crypto-currencies and crypto-assets have been ‘headline’ news in recent weeks. It is therefore apposite that International Financial Law Review has recently published an article by Partner, Chrysanthos Christoforou, concerning cryptocurrency fraud. In his article Chrysanthos briefly discusses some notable UK court cases involving cryptocurrency fraud. He also outlines the remedies currently available in such cases […]
Harnessing the future
At Elias Neocleous & Co LLC, we realize that, today, the world is witnessing the explosion and development of an unprecedented revolution, both in content and pace, with the emergence of technological breakthroughs such as AI solutions, decentralized finance, and the rise of digital assets. Our team is acutely aware of the opportunities and challenges […]
An interview with our Managing Partner, Mr. Elias Neocleous, has recently been published in the Insider magazine.
In the interview, Mr. Neocleous expressed his views about the impact on the legal services sector of the sanctions that have been imposed on Russia. He also presented his perspective of the role of the modern law firm in today’s global business environment before referring to the next goals of our firm, and to what […]
Ukraine Crisis – Sanctions update.
The November edition of the Great Britain – Cyprus Business Gazette features an article by Senior Associate, Kyriaki Stinga. In her article Kyriaki summarises the content of the 8th package of EU sanctions imposed on Russia issued on 6 October 2022. She also highlights the tightening of travel restrictions to and from Russia which was […]
Elias Neocleous & Co LLC contributes Cyprus chapter to 11th edition of Private Wealth and Private Client Review.
We are pleased to announce the recent publication of the 11th edition of Private Wealth and Private Client Review (the ‘Review’). The Review is an authoritative guide to the legal and tax regimes in the most popular jurisdictions for private clients and high net worth individuals. It includes chapters on 25 separate jurisdictions as well […]
Article of our associate Marina Vassiliou published in Fileleftheros newspaper
Our associate, Marina Vassiliou, has published an article in Fileleftheros newspaper which concerns a recent decision of the Supreme Court of Cyprus. The ruling should be of interest to many tenants since it took into consideration the latest amendment to the Rent Control Law. Pursuant to this amendment, a response from a tenant, who owes […]
Cyprus attracts foreign investment with tax breaks
The Cyprus Mail has recently published the above article, which was written by Trainee Lawyers, Anna Cheimonidou and Theodora Alexandrou. The article discusses recent changes to the Income Tax Law with a specific emphasis on amendments to its provisions as regards the 50% and 20% tax deduction schemes for foreign workers taking up residence in […]
Hotel Rwanda – the end of the UK as a safe haven for asylum seekers?
The September edition of the GB – Cyprus Business Association e-magazine features an article by Trainee Lawyer Aylin Zeybek. The article explores the “Migration and Economic Development Partnership” agreed between the UK and Rwanda in April, which includes a controversial five-year “asylum partnership arrangement”. Aylin considers the legality of the asylum partnership arrangement and questions […]
Cyprus adopts 2022 OECD transfer pricing guidelines
The above article has been published on the Lexology platform. Authored by Associate Alexis Christodoulou and Trainee Lawyer, Anna Cheimonidou, the article explains the reforms which have been made to the Income Tax Law (ITL) to ensure compliance with the OECD transfer pricing guidelines for Multinational Enterprises and Tax Administrations. The article addresses the changes […]