Monthly Archives: June 2019

Submission of income tax return for employees

31st July 2019 is the last day for Income Tax Return submission for employees, for the tax year 2018. It is also the last day for payment of the tax due calculated via self-assessment for an employee, for the tax year 2018. It is important to note that: submission of the Income Tax Return is

Lobbyists to Face Tighter Regulation

In a 2015 report by Transparency International, Cyprus was ranked last among 19 EU countries when it came to the existence of legislation to monitor and regulate lobbying. The Council of Europe considers lobbying as the concerted effort to influence policymaking and decision-making by an individual or organization to obtain a concrete result from government

Process of negotiating a bilateral Competent Authority Arrangement (CAA) for the exchange of Country-by-Country Reports between Cyprus and the United States of America

On 20th of June 2019, Cyprus tax authorities announced that negotiations between Cyprus and USA are being conducted with a view to conclude a bilateral Competent Authority Arrangement (“CAA”) for the exchange of Country-by-Country reporting between Cyprus and the USA. The negotiations’ status is also indicated in the IRS’ website. Elias Neocleous & CO LLC

Raising of capital from investors within a specified time period

In a circular dated 7th June 2019, the Cyprus Securities and Exchange Commission ( ‘ the CySEC’ ) reminded all authorized and registered Alternative Investment Fund Managers (AIFMs) of Article 14 of the AIF law which requires them to raise a minimum of EUR 500,000 capital from investors within 12 months from the date authorization


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
Very  responsive and provided excellent guidance on issues of Cyprus law relevant in the transaction on which they represented us.
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
They're transparent and amenable with a clear knowledge of the local market and how to navigate it.
IFLR 1000 Client Feedback 2019

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