Tax incentives for investments in innovative businesses.

On January 8, 2020, within the framework of actions to boost entrepreneurship and innovation, the Council of Ministers approved a bill amending the Income Tax Law.  The amendment extends – until June 30, 2021 – the tax incentives given to individuals who invest in innovative businesses.  The investment may be either direct, or, through an

Regulation (EU) 2019/2088 – Disclosure requirements a step towards a sustainable economy.

On 9 December 2019, Regulation 2019/2088 of the European Parliament and of the Council of 27 November 2019, on sustainability-related disclosures in the financial services sector, was published in the official journal of the European Union. Regulation 2019/2088 (2019/2088) provides further evidence of the commitment of the EU to the ‘Paris Agreement’ which entered into

Record fines imposed following GDPR breaches.

The Office of the Commissioner of Personal Data Protection (the Commissioner), the independent supervisory authority for the protection of the individual, has just announced the largest corporate fines to date following the implementation of the GDPR in Cyprus.  The fines relate to three affiliated entities and in total they exceeded €82,000.  The entities were found

CySEC Circular C.346 – In pursuit of transparency.

CySEC has issued Circular C.346 (available in English here) addressed to Cyprus Investment Firms, UCITS and their Management Companies, Alternative Investment Funds and their Managers, Non-Financial Counterparties and Central securities depositories (‘Regulated Entities’). With this Circular, CySEC reminds Regulated Entities of the requirements under the Regulation (EU) 2015/2365 on transparency of securities financing transactions and

2020 Looking to the future

Elias Neocleous, Managing Partner of our firm, was one of the leading businessmen recently asked to contribute to the Fileleftheros 2020 special edition. In his New Year message Mr. Neocleous provided an assessment of the current state of the Cyprus economy.  Despite current positive growth rates, he warned against complacency and stressed the importance of


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
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
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

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