News

CySEC circular regarding anti-money laundering measures

The Cyprus Securities and Exchange Commission has issued a circular (C196 dated 31 March 2017) to entities it regulates reminding them of their obligations under article 68C of the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007, and emphasising that ignorance of the law is no defence. Article 68C of the

Elias Neocleous spoke at the seventh Academy & Finance “Russian Private Clients” conference

Elias Neocleous, managing partner of our firm, was among the distinguished experts presenting the latest developments in tax, succession planning and asset protection strategies at the seventh annual conference for Russian private clients and their advisers organised by Academy & Finance, a leading Swiss conference organiser, which  took place on 29 and 30 March 2017

Reduced withholding tax under the Cyprus-Russia double tax agreement

Since Cyprus-resident companies are used to hold shares in many Russia-resident companies, claims for the reduced rate of withholding tax on dividends have been the most common area for dispute under the Cyprus-Russia double tax agreement. The agreement provides that a reduced rate of withholding tax applies to dividends paid by a company resident in

New schedule of fees payable under the Anti-Piracy Law

The Cyprus Department of Merchant Shipping has issued an updated schedule of fees payable under article 86 of the Protection of Cyprus Ships Against Acts of Piracy and other Unlawful Acts Law of 2012 (Law 77(I)/2012). The Protection of Cyprus Ships Against Acts of Piracy (Determination of Fees) Notification of 2017, P.I. 87/2017 was published

Payment of annual fees by Cyprus Investment Firms

The Cyprus Securities and Exchange Commission has announced that the form required for Cyprus Investment Firms to calculate the annual fee payable to CySEC under the Investment Services Law (Law 144(I)/2007) in respect of the calendar year 2016 is now available on the CySEC website. Annual fees must be paid no later than four months

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
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
Deal makers, professionals and service oriented.
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

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