Daily Archives: December 17, 2018

Tonnage tax: countries whose ships are subject to surcharge

In order to promote its objective of improving the quality of Cyprus shipping, the Merchant Shipping (Fees and Taxing Provisions) Law of 2010 imposes a surcharge on the tonnage tax payable on qualifying vessels registered in countries which appear on the ‘grey list’ or ‘black list’ of the Paris Memorandum of Understanding (MOU). Article 17(2)

Strengthening of investor protection

The law governing the Cyprus Securities and Exchange Commission has been amended to improve the Commission’s corporate governance and strengthen its investor protection powers. Law 137(I)/2018 provides for the CySEC board to be enlarged from five members to seven and for the appointment of an audit committee. It also expands CySEC’s information-gathering and investigatory powers

TESTIMONIALS

To the point, very helpful and complement advice. Was always aiming to get it done in an efficient and timely manner. Delivered results despite some obstacles in between.
IFLR 1000 Client Feedback 2019
Great work with all stakeholders including the government relations both in Cyprus and EU
IFLR 1000 Client Feedback 2019
We have been using Neocleous for more than 10 years. We are very satisfied with their performance. They can support all the areas we may need help in. They have lawyers for all the practice areas. They are well educated and very fast on the job.
IFLR 1000 Client Feedback 2019
Deal makers, professionals and service oriented.
IFLR 1000 Client Feedback 2019
I recently completed the sale of my house in Cyprus with Elias Neocleous & Co LLC and I just wanted to tell you how impressed I was with your Property lawyer who handled the matter. Her professional, calm and measured approach was amazing and really reassured us when things were not that straight forward. As a solicitor of some 40 + years in the private sector I must say that I rarely came across a young lawyer with such a combination of professional and personal qualities. This lawyer is a real asset to your firm!
Property Client

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