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Award-winning Elias Neocleous & Co LLC is the largest law firm in Cyprus and one of the top law firms in south east Europe. With more than 150 lawyers and other professionals based in offices in Cyprus, Brussels, Budapest, Kiev and Prague we offer a value-added service which is second to none.
We are dedicated to diversity in recruitment and to retaining experienced specialists in every practice area. Combined with our investment in IT and knowledge management infrastructure, this means we are able to tackle the largest and most demanding national and cross-border assignments. Elias Neocleous and Co LLC is professional, responsive, innovative, and represents the legal practice of the future.
The 14th edition of Cyprus’ biggest current affairs conference, the Limassol Economic Forum, successfully took place on 6 October 2023, at the City of Dreams Mediterranean Limassol. This year’s event brought together industry leaders, experts, and innovators from around the world to engage in insightful discussions on critical issues shaping the international economic landscape.
Read full articleThe recent Reflect Festival 2023 saw more than 8k attendees immerse themselves in 2 days of advanced insights, pioneering creations (think dancing robot and ground-breaking digital applications), supercharged learning, and radical brainstorming, ensuring the festival lived up to its reputation.
Read full articleThe 2023 IFLR1000 Europe rankings have been released and Elias Neocleous & Co LLC is delighted to share that once again we have achieved a Tier 1 ranking in Cyprus in the field of financial and corporate law. This prestigious recognition reaffirms our ongoing commitment to excellence and unparalleled legal services in what has become a fiercely competitive and evolving legal landscape.
Read full articleWe are thrilled to announce that Elias Neocleous & Co LLC (ENC) has achieved Tier 1 Ranking in three prestigious categories, Tax, Tax Controversy and Transfer Pricing by ITR World Tax Rankings 2024, one of the world’s most comprehensive guides to leading tax firms. Notably, ENC is the only firm among Cyprus’ law firms and Big Four accounting firms to achieve recognition in all three categories.
Read full articleWe are delighted to announce that Elias Neocleous & Co LLC (ENC) has once again secured the coveted top spot in Gold Business Magazine’s prestigious annual list of the ’90 Leading law firms in Cyprus’. This recognition serves as a resounding endorsement of the firm’s contributions to the Cyprus legal sector and reinforces its standing as a leader in this domain.
Read full articleWe are proud to announce that Elias Neocleous & Co LLC was the recipient of the prestigious IN Business Award 2022 in the category Business Innovation for its groundbreaking contributions to advancing industry standards. This honour is a direct reflection of our firm’s ongoing commitment to pushing the boundaries of innovation and driving technology transformation in the legal industry in Cyprus for a more sustainable, digitalized future.
Read full articleFollowing completion of the review of the firm’s financial performance for 2022 the management of Elias Neocleous & Co LLC would like to thank all partners and staff for their hard work and dedication. We would also like to thank our clients, old and new, for their continued faith in our ability to meet their needs. 2022 was an unexpectedly difficult year for the Cyprus economy and its professional sector, with post-pandemic supply side induced inflation being compounded by the effects of the unanticipated war in Ukraine. Despite these negative factors, however, our team pulled together, demonstrating flexibility, innovation, skill and commitment thereby enabling the firm to confound the general trend and produce a solid outcome for the year.
Read full articleThe prestigious International Tax Review EMEA Awards ceremony took place in London on 15th September 2022. The ITR EMEA Tax Awards are now in their 18th year and offer an independent assessment of international tax professionals from 34 jurisdictions in Europe, Middle East and Asia (“EMEA”) across the previous 12 months.
Read full articleThe above article authored by Senior Associate, Xenia Kalogirou, has been featured in the International Financial Law Review. In the article Xenia discusses the liquidity management tools used in collective investment schemes in Cyprus and the EU Commission’s proposals to amend AIFMD and the UCITS Directive.
Read full articleThe 2022 IFLR 1000 Financial and Corporate ratings for Cyprus have now been released and may be viewed here. We are delighted to note that Elias Neocleous & Co LLC has once again received a ‘Tier 1” ranking. Additionally we are proud that five of our leading professionals have been singled out for individual commendations for excellence in their performance. Elias Neocleous has been recognized as a ‘Market Leader’, Costas Stamatiou has been noted as a ‘Highly Regarded’ lawyer and Demetris Roti, Michael Pelosi and Dimitris Papoutsis have all been acknowledged as ‘Notable Practitioners’. Our congratulations go not only to them but also their departments for another year of outstanding performance.
Read full articleThe Council of Ministers has approved the draft legislation concerning the establishment of limited liability shipping companies. Once the draft legislation is adopted by the Cyprus Parliament and enters into force, it shall contribute to the creation of a one stop shop at the Cyprus Deputy Ministry of Shipping.
Read full articleThe 7th Cyprus Professional Services Conference took place in Nicosia on 24th May 2022. Chaired by Harris Pistos, Director of International Banking at Bank of Cyprus, the theme of the conference was ‘Rising to meet challenges’ and clearly, with the after-effects of the pandemic and the current war in Ukraine, there was much to be discussed.
Read full articleThe Women in Business Law Europe Awards recognise leading women for their contributions to the practice of business law and also firms that have developed the most progressive initiatives towards diversity and inclusion from throughout the continent. The awards attract entries from the most prestigious law firms across Europe and the UK with past winners including Clifford Chance, Baker Mackenzie, Herzog, and Sidley Austin. It therefore gives Elias Neocleous & Co LLC enormous pleasure to announce that Senior Associates, Kyriaki Stinga and Elena Christodoulou, have both been deservedly selected as individual finalists in the 2022 awards. In addition, Elias Neocleous & Co LLC. has been listed as a finalist for the South-East Europe Jurisdiction Award.
Read full articleThe 2022 Legal 500 Europe, Middle East & Africa rankings have been released and for the second consecutive year we are delighted to report that Elias Neocleous & Co LLC has received a Tier 1 rating in all nine categories reviewed. We are the only law firm in Cyprus to achieve this.
Read full articleThe protocol amending the double tax convention between the Republic of Cyprus and the Swiss Confederation which was signed on 20 July 2020 in Nicosia, Cyprus came into effect on 3 November 2021 (please see Circular 3/2022). The protocol relates to the avoidance of double taxation in respect of taxes on income and on capital.
Read full articleIn a recent article published in the new year special edition of the Phileleftheros newspaper, prominent Cyprus business leaders were asked to comment on the year that was, and where they see the new year taking the Cyprus economy and business community. Managing Partner, Elias Neocleous expressed the view that whilst the consequences of the pandemic have been hard felt in Cyprus, given the level of government intervention both at an EU and local level, the consequences are manageable and will dissipate.
Read full articleGlobal Restructuring Review (GRR) has just released its 2021 guide to the world’s leading law firms for cross-border restructuring and insolvency matters. Global Restructuring Review is the world’s only daily news and analysis service on cross-border restructuring and insolvency law and we are delighted to report that for the third successive year Elias Neocleous & Co LLC has been included its elite GRR 100 list.
Read full articleWe are delighted to announce that ‘World Tax 2021’, the International Tax Review’s comprehensive guide to the world’s leading tax advisory firms has once more rated our Tax Advisory Team as ‘Tier 1’. The team’s work in areas of tax controversy has been specifically praised. Additionally, at the individual level, Managing Partner, Elias Neocleous, has been recognised as a ‘Tax Leader’ in Cyprus.
Read full articleElias Neocleous & Co LLC would like to extend a warm welcome to our nine new trainee lawyers who are about to commence their training programme with us. Once again competition for a place on the programme has been fierce, and our newest recruits have all successfully passed through a rigorous and demanding selection process. Unsurprisingly, all our recruits can boast an excellent academic record and an impressive array of qualifications including PhDs, LLMs, LLBs, and LPCs. However, as a significant international firm we also prize diversity and demand that our successful candidates possess other skills and attributes beyond the purely academic.
Read full articleThe 2020 edition of Chambers High Net Worth Guide (‘the Guide’) was released 9 July 2020. On viewing it, we are delighted to note that it ranked our firm and, on an individual level for the third successive year, our Managing Partner, in its top tier of professional advisers in Cyprus. The firm’s private client team offers a dedicated service for high net worth individuals covering issues such as the establishment and management of trusts, advice on asset holding structures, general wealth management and, general support and advice to family offices.
Read full articleOn 21st- 22nd May over 450 delegates from more than 20 countries gathered in Kiev, Ukraine for the INTAX FORUM Ukraine international conference to discuss various topics in the spheres of corporate finance, individual and corporate structuring, local and international taxation, investments, and transborder trading.
Read full articleWe would like to inform you that we have introduced a dedicated online portal for issues specifically related to the COVID-19 pandemic. The portal may be accessed from our main website neo.law and it contains regularly updated legal guidance on areas of the law which are directly impacted by current events.
Read full articleThe opportunities for the legal profession, business, and society as a whole offered by the EU ‘Green Deal’ strategy, and by the financial structure being assembled to support it, are numerous. Moving to a carbon neutral position will not only be good for the health of our environment and our citizens but, the innovation and investment that it will require has the potential to result in financial gain too.
Read Elias Neocleous's full insightWe are pleased to announce that ‘World Tax 2020’, the International Tax Review’s (“ITR”) comprehensive guide to the world’s leading tax advisory firms has elevated the status of our Tax Advisory Team from ‘Highly Recommended Firm’ to ‘Top Tier Firm’. Additionally, the team’s work in areas of tax controversy has been specifically lauded.
Read full articleTechnology has raised the bar for client expectations and is creating strong demand for the best, most accurate and fastest services at a lower cost. The challenge is to see how law firms can utilise technology tools to deliver for clients. Innovative firms that embrace this digital change will do well and thrive.
Read Elias Neocleous's full insightLegal Business is the market-leading glossy monthly magazine for senior decision-makers in the UK and global legal market. Published ten times a year, the magazine reaches thousands of senior lawyers at major commercial firms across the UK and key financial centres of Europe, Asia and the US. It is published by Legalease, the publishers of the respected “Legal 500” rankings.
Read full articleFLR1000, the guide to the world’s leading financial and corporate law firms and lawyers, has today released its listing of leading lawyers. Elias Neocleous & Co LLC continues to lead the Cyprus legal services market, being the only firm awarded the prestigious Tier 1 ranking in Cyprus.
Read full articleElias Neocleous & Co LLC was one of the main sponsors of the ninth Limassol Economic Forum, which took place on 19 October, attracting a record number of more than 450 participants from Cyprus and overseas, and receiving extensive coverage in the local and international media. The Limassol Economic Forum is the largest and most prestigious business gathering in Cyprus, a much anticipated annual event where the latest trends and developments in global politics and economies in Europe and the Eastern Mediterranean are discussed.
Read full articleOn 15 October the Central Bank of Cyprus (CBC) published its latest analysis of data on non-performing loans in the Cyprus banking sector, covering the period to 30 June 2018, showing aggregate non-performing facilities (NPFs) and related indicators for the domestic operations of credit institutions operating in Cyprus. Overseas operations are excluded.
Read full articleOur people are our most important asset, and key to providing the best service and advice to clients. We believe in developing our talent from within the firm: we recruit the best graduates from leading universities, provide them with the best training and support and offer them unlimited career prospects.
Read full articleElias Neocleous & Co LLC has been singled out by India Business Law Journal as one of the top international law firms for India work in its latest annual survey, published with the July edition of the magazine. India Business Law Journal is a market-leading monthly magazine, read by in-house counsel and private practice lawyers around the world, that provides in-depth analysis of the legal and regulatory challenges facing domestic and international businesses in India and practical advice on key business-law issues. It also provides vital intelligence on the country’s law firms, legal process outsourcers and judiciary.
Read full articleAt the recent annual general meeting of STEP Cyprus, the local branch of the Society of Trust and Estate Practitioners, Kyriacos Xenophontos, partner in the firm’s private client and corporate departments, and CEO of affiliated Neocleous Trust company, was elected as a member on the board of directors of STEP Cyprus.
Read full articleElias Neocleous was one of the panel of expert speakers invited to address the 2017 Business Direction Cyprus conference, which took place in London on 16 November. The full-day event, organised by Business Direction UK, presented the investment opportunities available in Cyprus, its attractive tax, legal and business environment and its advantages for investors, particularly those seeking alternatives to the United Kingdom following Brexit.
Read full articleIFLR1000, the guide to the world’s leading financial and corporate law firms and lawyers, has today released its listing of leading lawyers. Elias Neocleous & Co LLC continues to lead the Cyprus legal services market, being the only firm awarded the prestigious Tier 1 ranking in Cyprus.
Read full articleThe fourth BEST LEGAL conference was held at the Four Seasons Hotel in Limassol on 25 September. The event, which is organized by the Cyprus business magazine SUCCESSFUL BUSINESS, has become the leading legal conference in Cyprus directed at attendees from overseas, and this year’s event attracted more than 200 prominent businesspeople, lawyers and other professionals from more than 20 countries.
Read full articleElias Neocleous & Co LLC is a principal sponsor of The Limassol Economic Forum, which will take place on Friday, 20 October 2017. Now in its eighth year, the forum is the biggest and most important business gathering in Cyprus, and has become a major platform of debate on political, economic and business issues in Europe and the Eastern Mediterranean.
Read full articleOur people are our most important asset, and key to providing the best service and advice to clients. We believe in developing our people from within the firm: we recruit the best graduates from leading universities, provide them with the best training and support and offer them unlimited career prospects.
Read full articleThe Cyprus Securities and Exchange Commission (“CySEC”) has issued a summary of the changes to passporting arrangements and conditions governing the provision of investment services and activities by third country firms that will result from the implementation of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU, commonly known as MiFID II, and Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012 (“MiFIR”). MiFID II and MiFIR have been transposed into Cyprus law by Law 87(I)/2017 and the new provisions will apply from 3 January 2018. Law 87(I)/2017 expressly adopts the provisions of MiFID II, including a number of discretions that member states had been granted the option to adopt in transposing MiFID II.
Read full articleOn 7 July 2017 Law 87(I)/2017 was published in the Official Gazette of Cyprus, transposing the revised European Union Markets in Financial Instruments Directive (MiFID II) into Cyprus law. The new law, which will apply in Cyprus from 3 January 2018, will introduce significant changes to the Investment Services and Activities and Regulated Markets Law of 2007 to 2016.
Read full articleLegal Business is the market-leading glossy monthly magazine for senior decision-makers in the UK and global legal market. Published ten times a year, the magazine reaches thousands of senior lawyers at major commercial firms across the UK and key financial centres of Europe, Asia and the US. It is published by Legalease, the publishers of the respected “Legal 500” rankings.
Read full articleNeocleous House, 195 Archbishop Makarios III Avenue, PO Box 50613, Limassol, CY-3030
Tel: (+357) 25 110 000
Fax: (+357) 25 110 001
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S.P. Center, 4th floor Offices 410-411 17, N. Nikolaidi Avenue P.O.Box 61297 CY - 8132 Paphos, Cyprus
Tel: +357 26 110 000
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Charlese de Gaulla 3 160 00 Praha 6, Prague, Czech Republic
Tel: +420 2222 31025
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