News

Clarification on the registration of pledges by the Registrar of Companies

Pursuant to an announcement dated January 8, 2019 the registrar of companies and official receiver of Cyprus (the “RoC”) has announced that, following an opinion from the Attorney General (the “Opinion”), a number of categories of charges will no longer be accepted for registration, namely pledge of company share certificates, assignments of rights deriving from

International Business Structuring Discussion – Cyprus 14th May

Elias Neocleous & Co. LLC is proud to be the sponsor of this upcoming event chaired by the European Branch of IBSA – the INTERNATIONAL BUSINESS STRUCTURING ASSOCIATION. Founded in 2014, IBSA is a diverse global association for entrepreneurs and professional advisors dedicated to sharing expertise, collaboration and networking opportunities. IBSA is a not-for-profit association

Capital Markets Union: Creating a stronger and more integrated European financial supervisory architecture

The European System of Financial Supervision (ESFS), which aims to strengthen financial supervision, improve consumer protection and ultimately rebuild trust in the EU financial system, consists of the three main European Supervisory Agencies (ESAs) and the European Systemic Risk Board (ESRB). The ESAs supervise individual sectors and institutions (the “micro-prudential” pillar), whereas the ESRB oversees

Extension to the deadline submission of Income Tax Return 2017 for Companies and Self Employed with Accounts

On 27 March 2019 the Cyprus Tax Department issued notification that it has extended the deadline for the filing of 2017 Income tax returns for Companies (TD4A) and Self Employed persons with Accounts  (TD 1A Acc) from 31 March 2019 to 30 April 2019. For further information on this matter please contact Constantinos Christofi or your usual

The Cyprus Securities and Exchange Commission (“CySEC”) published in the Official Gazette, Directive 124/56-01 on “Fees Payable and annual contributions of the Alternative Investments Funds and their Managers”

The Directive has immediate and retrospective effect (ar. 6 and 8) and abolishes the previous Directive 279/2017. Principally the Directive amends the fees payable to CySEC by Alternative Investment Funds (“AIFs”) and their Managers (“AIF Managers”) including provisions for the timing of those payments. The significant changes being: fees are payable: at the time the

The Tax Department of the Republic of Cyprus issued a circular in relation to companies that are dormant or for which communication has been lost (the “Circular”).

The Circular is in response to an issue that has arisen between the Tax Department and the Registrar of Companies and Official Receiver (the “Registrar”) in relation to the Registrar’s obligation to strike off dormant companies or companies for which the appointed local service providers have lost communication. The Registrar, in accordance with the relevant

TESTIMONIALS

We have been assisted by Elias Neocleous in the context of capital markets transaction. Mr Demetris Roti was the partner in charge of the matter. We were very satisfied by the work of Mr Roti and his team as well as their ability to work towards tight deadlines
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
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
Deal makers, professionals and service oriented.
IFLR 1000 Client Feedback 2019
Great work with all stakeholders including the government relations both in Cyprus and EU
IFLR 1000 Client Feedback 2019

Do you need professional legal assistance?