Monthly Archives: February 2020

MONEYVAL Report – Plaudits for Central Bank of Cyprus but more work required on tackling terrorist financing.

Background On 12 February 2020 the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (“MONEYVAL”) published its report on Cyprus (“the Report”). The aim of MONEYVAL is to ensure that its member states have in place effective systems to counter money laundering (“ML”) and terrorist financing (“TF”) and that

‘Justice delayed is justice denied’

An article with the above title, authored by our Associate Maria Hadjisavva, was recently published by In-cyprus.com.  In the article Maria explores an apparent difference in attitude on the part of the Cyprus authorities when addressing crimes, and potential crimes, in which the victim, or potential victim, is an immigrant rather than a Cypriot citizen. 

Exam success for our next generation of tax experts

Elias Neocleous and Co LLC is pleased to announce the examination success of its three candidates in the second stage of the Advanced Diploma in International Taxation (ADIT). The ADIT is regarded as the benchmark for quality in international tax matters and success at this stage brings them all a step closer to being fully

Anticipated law regulating self-catering accommodation rentals in Cyprus was finally enacted

On Friday 17/01/2020, the House of Representatives passed a new law, N. 9(I)/2020 (also “the Law”), regulating the registration and operation of self-catering accommodation, which was subsequently published in the Government’s official Gazette on the 7th of February 2020.  The Law is directed at operators currently utilizing online platforms such as Airbnb and Booking.com and

Cyprus: Maritime Cyber Risk Management in Safety Management Systems

On 17 February 2020, the Shipping Deputy Ministry of Cyprus issued Circular 4/2020 in relation to cyber risk following IMO Resolution MSC.428(98) which recognizes the urgent need to raise awareness on cyber risk threats and vulnerabilities to support safe and secure shipping, which is operationally resilient to cyber risks. In this respect, the Facilitation Committee

Elias Neocleous & Co llc advises CPI Property Group

Elias Neocleous & Co LLC recently advised CPI Property Group (“CPI) on the Cypriot aspects of an acquisition of shares in Globalworth Real Estate Investments Limited (“GREIL”).  CPI is a company listed on the Frankfurt Stock Exchange with a property portfolio of circa EUR 8 billion.   The shares it successfully acquired had previously belonged to

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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!
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