News

Product governance requirements under MiFID II and the Investment Services and Activities and Regulated Markets Law of 2017

The Cyprus Securities and Exchange Commission (“CySEC”) has issued a circular (number 236 dated 15 September 2017) to Cyprus Investment Firms (“CIFs”), UCITS Management Companies (“UCITS MCs”) and Alternative Investment Fund Managers (“AIFMs”) that it regulates advising them of their obligations regarding product governance requirements under MiFID II and the Investment Services and Activities and

Changes to the Assessment and Collection of Taxes Law

Law 97 (I) of 2017 amends the Assessment and Collection of Taxes Law of 1978 to 2016 (“the ACT Law”) with effect from 14 July 2017. The principal changes introduced by the amending law are as follows: Tax returns for 2017 and subsequent years must be submitted by electronic means or by other means approved

Entry into force of the Auditors’ Law – implications for issuers of securities traded on a regulated market

The Cyprus Securities and Exchange Commission has issued a circular (number 234 dated 11 September 2017) informing companies which have issued transferable securities admitted to trading on a regulated market (public issuers) of their obligations under the Auditors’ Law of 2017 (Law 53 (I)/2017), which entered into force on 2 June 2017. Public issuers fall

Impending deadline for submission of 2016 tax returns

The Cyprus Tax Department has issued a reminder that self-employed individuals with an annual turnover of less than EUR 70,000 are required to submit their tax return for 2016 via the TAXISnet electronic system no later than 30 September 2017. Self-employed individuals whose annual turnover exceeds EUR 70,000 are required to submit their tax return for 2016

Mondaq award for Contributor Most Read in Cyprus

Mondaq, launched in 1994, is one of the most comprehensive Internet repositories of professionals’ knowledge and expertise. It disseminates legal, regulatory and financial commentary and information supplied directly by hundreds of the world’s leading professional advisors, covering more than 80 countries, and tracks detailed readership of this information through its website and distribution network. At

TESTIMONIALS

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
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
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
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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