With Cyprus ranking 4th globally among countries with populations under 2 million in the Global Startup Ecosystem Index, the island is quickly becoming a dynamic launchpad for startups. As momentum builds, integrating legal strategy into the foundation of a business is more crucial than ever.

Elias Neocleous & Co LLC is pleased to announce its participation in REALTYon EXPO 2025, Cyprus’s largest property event, taking place on 8–9 May 2025 at City of Dreams Mediterranean. The event will bring together leading property developers, real estate agents, investors, and home buyers to explore the latest trends and innovations in the property sector.

Our firm’s Managing Partner, Mr. Elias Neocleous, was featured in Forbes magazine’s “Top CEOs in Business” where he shared his insights on the evolving legal profession in Cyprus.

Limassol is gearing up to host Reflect Festival 2025 — and Elias Neocleous & Co LLC is proud to be part of the momentum once again, returning as a Silver Sponsor and co-organiser of the region’s leading technology and innovation event.

We are proud to announce that Motaher Chowdhury, Senior Legal Counsel / Head of the India Desk, has been recognised by India Business Law Journal as one of the leading international lawyers for India-related matters, earning a place on the prestigious “International A-List 2025”.

Elias Neocleous & Co LLC has once again solidified its position as the leading law firm in Cyprus, earning Tier 1 recognition across all practice areas in the Legal 500 Europe, Middle East & Africa (EMEA) 2025 guide. The firm is proud to be the only law firm in the country that continues to secure top-tier rankings in every category, a result that highlights the breadth of its expertise and its consistent delivery of legal services to the highest standard.

At Elias Neocleous & Co LLC, we are dedicated to recognising and advancing talent based on innovation, expertise, and leadership. We are very proud to announce the well-earned promotions of the following individuals to senior positions within our firm. Each of these professionals has demonstrated exceptional skill, acumen, mentorship, and guidance, making significant contributions to our firm’s success and growth.

On March 24, 2025, Elias Neocleous & Co LLC proudly welcomed leading tax and legal professionals to our Limassol offices for a high-impact International Business Structuring Association (IBSA) discussion. The event sparked in-depth conversations on critical international tax trends, featuring a panel of renowned experts. Our own Elena Christodoulou provided a deep dive into Cyprus’ competitive tax framework, highlighting the non-domicile regime, residency advantages, upcoming tax reforms, and strategic tax planning opportunities. Spyros Ioannou of Primus Audit & Tax tackled the ATAD 3 Unshell Directive, breaking down its implications for EU tax entities and the risks associated with shell companies.

Elias Neocleous & Co LLC(ENC) was once again at the forefront of the 2025 CG Summit Cyprus, a notable gathering hosted by the Legal500, which saw the participation of legal professionals, industry experts, and key decision-makers from across the country. The panel discussion of ENC focused on the newly implemented Digital Resilience Operational Act (DORA), its applicability and technical specifications, alongside the potential impact of such technological compliance regulations.

Elias Neocleous & Co LLC is proud to sponsor and participate in the Legal 500 GC Summit, taking place in Cyprus on 18 March 2025 at the Hilton Hotel in Nicosia.

Elias Neocleous & Co LLC is pleased to host an insightful discussion on the latest international tax developments in collaboration with the International Business Structuring Association (IBSA) on Monday, 24 March 2025. This event will bring together leading professionals to examine the evolving tax landscape and explore strategic opportunities for 2025.

Success in today’s business world isn’t just about strategy and ambition—it’s about compliance. As regulations evolve at an unprecedented pace, businesses engaged in cross-border transactions, international banking, and market expansion face growing compliance risks.

Cyprus remains committed to international tax transparency through its ongoing implementation of the Common Reporting Standard (CRS), an OECD initiative designed to facilitate the automatic exchange of financial account information between jurisdictions. As a CRS participant since 2017, Cyprus requires financial institutions to report relevant account holder information to the Cyprus Tax Department (TD) annually.

Elias Neocleous & Co LLC is pleased to announce that, for another year, our firm has been recognised in the Chambers Global Guide 2025. Managing Partner Elias Neocleous and Partner Demetris Roti have once again been acknowledged for General Business Law, while Partner Chrysanthos Christoforou has received recognition for his expertise in Dispute Resolution. These achievements reflect our firm’s strong reputation and commitment to delivering high-quality legal services.

Elias Neocleous & Co LLC is proud to have sponsored the inaugural Business Connecting Event of the China-Cyprus Sister City Alliance, held on 8th February 2025 at the Four Seasons Hotel in Limassol. This remarkable event, hosted as part of a Chinese New Year Gala Dinner, celebrated the spirit of renewal, prosperity, and unity that the Lunar New Year symbolizes.

Elias Neocleous & Co LLC congratulates Advocate & Associate Adonis Zachariou on his appointment to the inaugural STEP Next Gen Working Group

Elias Neocleous & Co LLC is delighted to announce its recognition as Mediterranean Law Firm of the Year 2025 at the prestigious Citywealth International Financial Centre (IFC) Awards. The awards ceremony took place on January 28th at One Moorgate Place in the City of London, bringing together over 120 of the world’s leading wealth advisors and private client experts.

We are honored to announce that Elias Neocleous & Co LLC (ENC) has been recognized for the 6th consecutive year in the prestigious GRR100 list, as published in the 2024 edition of Global Restructuring Review (GRR). This guide highlights the world’s leading law firms in cross-border restructuring and insolvency matters.

Elias Neocleous & Co LLC is pleased to announce its achievement of ISO/IEC 27001:2022 certification for Information Security Management. This significant accomplishment reflects the firm’s dedication to maintaining rigorous standards for data protection, client confidentiality, and resilience against emerging cyber threats.

In an article by Athina Evagorou, an Associate at our firm, it was noted that in October 2024, Cyprus enacted Law 116(I)/2024 on the Prevention of the Dissemination of Terrorist Content Online, aligning with EU Regulation 2021/784. The Law aims to curb the spread of terrorist content online to enhance public safety and security. It applies to all hosting service providers operating in Cyprus, mandating cooperation with EU member states.

In an article published in the Solicitors Journal, Athina Evagorou, Associate at our firm, highlights that the promotion of gender equality is crucial for societal and economic development, requiring equal participation of men and women in decision-making, free from stereotypes. The Commissioner for Gender Equality and Related Matters Law of 2024 in Cyprus aims to strengthen equal rights, promote balanced resource distribution, and ensure visibility and participation across public and private sectors. The law mandates the development of a National Strategy and Action Plan, coordination with government bodies, and international representation.

The 15th edition of the Limassol Economic Forum, Cyprus’ largest current affairs conference, recently took place, bringing together global thought leaders, policymakers, economists, and industry experts to address key economic challenges and opportunities.

We are proud to announce that seven members of our firm have been recognised for their exceptional thought leadership in the Autumn 2024 Mondaq Thought Leadership Awards!

In an insightful interview with Phileleftheros, Anna Demetriou, Partner at Elias Neocleous & Co LLC, reflects on her 30-year career in litigation, discussing the challenges and progress for women in the legal field. Despite facing initial obstacles as a female lawyer, she emphasises the positive shift towards gender equality and the increasing recognition of women’s roles in law.

In our commitment to staying at the forefront of dispute resolution, Partner and Head of the Dispute Resolution department at Elias Neocleous & Co LLC, Chrysanthos Christoforou, recently attended   the prestigious Asset Recovery Middle East Conference, held in Dubai from 13–15 October 2024. The conference gathered leading fraud and insolvency practitioners from Europe, the Middle East, and North Africa to share insights and discuss emerging trends in asset recovery.

We are excited to announce that Elias Neocleous & Co LLC will be participating in the 19th NextGen Payments & RegTech Forum, an elite gathering of global key influencers, innovators, strategists, and thought leaders in Payments and RegTec, taking place on 6-7 November at the Four Seasons Hotel in Limassol, Cyprus.

In an interview with Phileleftheros, Andrea Kallis Parparinou, Partner at Elias Neocleous & Co LLC’s Nicosia office, shares insights into her legal career journey, discusses the evolution of Cyprus’s regulatory framework and the role of technology in modernising legal practice, and notes the importance of the appointment of women in influential positions in tech.

Mergers and acquisitions (M&A) involve complex due diligence processes to identify risks, ensure regulatory compliance, and manage vast amounts of information under tight deadlines. Effective due diligence helps buyers mitigate post-transaction risks by gathering insights into the target company’s operations, legal standing, and potential liabilities. Key strategies include assembling a multidisciplinary team, tailoring the scope of review to the deal’s specific needs, and conducting thorough compliance checks, especially in relation to global sanctions. A well-managed due diligence process not only facilitates smoother transactions but also helps buyers make informed decisions while minimising unnecessary costs and delays.

Over the past decade, the rise of cryptocurrencies has led to increased litigation, particularly in cases involving allegations of fraud. A recent decision by the Nicosia District Court in JDH & others v. T Ltd & others highlights the growing number of spurious claims against investment firms, often brought by investors seeking to recover losses from poor investment decisions. In this case, the investors obtained ex parte injunctions against T Ltd, alleging fraud and conspiracy. However, evidence presented by T Ltd revealed that the investors had willingly engaged in cryptocurrency trading and failed to disclose critical facts to the court. The court ultimately criticised the applicants for non-disclosure and stressed the equitable principle that “He who seeks equity must do equity.” This case underscores the importance of full and frank disclosure in applications for injunctive relief and the high standards of good faith required when invoking the court’s equitable jurisdiction.

We are proud to announce that Elias Neocleous & Co LLC (ENC) has been awarded the sought-after title of Cyprus Tax Firm of the Year at the esteemed 2024 International Tax Review (ITR) EMEA Awards held in London.

Elias Neocleous & Co LLC (ENC) recently took part in the 2024 4th Innovation Fair, organised by the Nanjing Stuttgart Joint Exhibition, which ran from 10-13 September across key cities in China: Wuxi, Nanjing, and Yancheng. The event, attended by high-level dignitaries including the Ambassadors of Cyprus and China, as well as senior European municipal representatives, attracted around 30-40 leading companies from across Europe, all seeking to explore partnership and investment opportunities in China.

The integration of Corporate Social Responsibility (CSR) policies into a business is not only an ethical choice but also a strategic decision that can yield significant long-term benefits. As one of Cyprus’s leading law firms, Elias Neocleous & Co LLC embraces this approach by implementing targeted initiatives aimed at addressing social inequalities, protecting the environment, harnessing technology, and fostering sustainable development and prosperity.

We are pleased to announce the recent publication of the 13th edition of Lexology’s In-Depth ‘Private Wealth and Private Client Review’ (the ‘Review’). This detailed guide offers valuable global perspectives on key legal and practical challenges impacting the management of private client wealth. It covers critical aspects of tax, succession, and wealth structuring frameworks in 25 major jurisdictions, with a spotlight on the latest developments.

This case study explores the impact of AI on legal education through the lens of a summer internship program at Elias Neocleous & Co LLC. Amid the growing adoption of AI, legal professionals are raising critical questions about its role in shaping the next generation of lawyers.

We are proud to announce that Elias Neocleous & Co LLC has been recognized as one of the Top 10 Trademark Firms and IP Practices in Cyprus by The Trademark Lawyer Magazine Law Firm Rankings 2024. We are proud to be honoured as an “Award Winning Law Firm 2024” for our outstanding performance in the field of intellectual property and trademark law.

Elias Neocleous & Co LLC proudly announces its outstanding achievement in the IFLR1000 2024 rankings. The firm has been awarded a Tier 1 ranking in the field of financial and corporate law, affirming its status as a leader in Cyprus’ legal sector. This recognition reinforces our dedication to delivering exceptional legal services and maintaining excellence in an increasingly competitive and dynamic legal environment.

We are pleased to announce that our firm has contributed to the authoritative book Crypto Assets in Trusts and Foundations. This comprehensive work deals with 20 important trust and foundation jurisdictions, covering their respective regulations concerning the holding of crypto assets in wealth management structures.

We are proud to announce the successful completion of the 2024 Summer Internship Program at Elias Neocleous & Co LLC. This year’s program has once again been marked by multidisciplinary learning and growth, with our talented group of 30 interns achieving notable milestones. This year’s cohort, comprised of dynamic graduates and students with diverse academic interests – including aspiring lawyers, accountants, IT specialists, and digital marketing enthusiasts – benefited from the guidance of experienced mentors and legal experts across all areas of our practice.

We are excited to share that Elias Neocleous & Co LLC (ENC) has once again earned a Tier 1 Ranking in three distinguished categories, Tax, Tax Controversy and Transfer Pricing in ITR World Tax Rankings 2025, a leading global guide to top-tier tax firms. Significantly, ENC continues to be the sole firm among Cyprus’ law firms and Big Four accounting firms to achieve recognition across all three categories.

We are incredibly proud to share that for the sixth consecutive year, Elias Neocleous & Co LLC (ENC) has been recognised by India Business Law Journal (IBLJ) as a top foreign law firm for India-related work. This accolade highlights our unique position as the only firm in Cyprus to receive this prestigious honour.

The 2024 edition of the Chambers High Net Worth Guide has been published, and we are proud to announce that for the 6th consecutive year, our firm’s Private Client department has been recognised in the prestigious ‘Band 1’ category of the publication.

The Cyprus Tax Department has extended both the submission of the Personal Income Tax (Form T.D.1) for the tax year 2023 as well as the settlement of any liability that may arise until 31 October 2024, which is available for submission via the TAXISnet platform. The form should be submitted by all employees, pensioners and self-employed persons for whom the combined total income for 2023 exceeds €19.500 .

Elias Neocleous & Co LLC is excited to announce that we have just begun welcoming our first cohort of summer interns, a process that will continue until late August 2024. Our ongoing annual Summer Internship Program continues to highlight our dedication to nurturing the next generation of talent and demonstrates our commitment to professionalism and expertise. We are honoured to be the chosen destination for these promising individuals and are committed to providing them with a rich and engaging learning experience.

We are proud to announce that five members of our firm have been recognized for their exceptional thought leadership in the Mondaq Spring 2024 Leadership Awards!

Reflect Festival 2024 has wrapped up, but the excitement is still palpable! This year’s event combined energy, information, and compelling stories, showcasing the limitless possibilities through the power of technology and innovation. As a proud silver sponsor of the 7th Reflect Festival, our firm was delighted to support and promote the event’s mission of pushing the boundaries for a more sustainable, digitally focused future.

The capital markets team of Elias Neocleous & Co LLC has successfully assisted Premier Energy PLC in relation to the initial public offering (IPO) and listing on the Bucharest Stock Exchange. This transaction, valued at approximately €482 million, marks the largest IPO on the Bucharest Stock Exchange in the last five years.

Senior Associate Vassilis Psyrras proudly participated as a panelist in the “2nd Limassol Boat Show Conference: Cyprus, the New Yachting Hub of the East Med,” organised by Limassol Marina in partnership with Dacor Advertising & Media Ltd. This prestigious conference, part of the 2024 Limassol Boat Show, attracted industry leaders and experts from around the world, offering a dynamic platform for networking, discussion, and collaboration on the future of yachting in the Eastern Mediterranean.

From 30-31 May, the 7th Reflect Festival, one of Europe’s leading technology and entrepreneurship events, will once more welcome 10k+ guests to experience an exciting line-up of business and networking opportunities, dynamic display booths, interactive events, and a diverse list of renowned speakers who will share actionable insights on topics like AI, edtech, blockchain, cybersecurity, healthtech, deeptech, biotech, renewable energy, future cities, policy making, and more.

Mortgage foreclosures and the process of auctioning mortgaged properties have been significant concerns for creditors and debtors in Cyprus over the past decade. The auctioning of a mortgaged property traditionally occurs as a consequence of non – payment of the mortgage debt. However, the frequency of auctions has notably increased in Cyprus with the enactment of the amending Law N.142 (I)/2014.

Kyriacos Xenophontos, TEP, Partner at Elias Neocleous & Co LLC (ENC) and member of the board of STEP Cyprus, together with Adonis Zachariou, STEP Affiliate and Associate at ENC, recently attended the prestigious STEP Cyprus’ annual conference, themed “Reinventing the wheel: The Future of Succession Planning”.

Cyprus is an attractive relocation destination for EU citizens due to its climate, tax and judicial system, and welcoming culture. A recent article by Konstantinos Kaousliadis, Associate at Elias Neocleous & Co LLC Associate, provides an insightful overview of the residency and permanent residency process for EU citizens in Cyprus, focusing on the MEU application system.

The 2nd Cyprus Tech & Innovation Hub Summit has been convened at Parklane Luxury Resort & Spa in Limassol last Friday. Hosted by IMH, this Summit has gathered tech giants, startups, consultants, legal and financial experts, and professionals from global tech sectors like software development, fintech, cybersecurity, AI, and more, to explore the factors supporting Cyprus’ rapid development as a regional tech hub and demonstrate its attractiveness as a top destination for ICT companies at different stages of expansion.

On 16 April the Ministry of Finance made an announcement regarding the imposition of a new reporting obligation, pursuant to the recent 12th EU sanctions package against Russia.

The city of Limassol is once more getting ready to host the 7th Reflect Festival 2024, one of Europe’s leading technology and entrepreneurship events that will see startups, tech innovators, investors, and decision-makers from across North Africa, Europe, and the Middle East come together for 2 days of networking, brainstorming, and learning.

Setting the bar in legal excellence! Once again, Elias Neocleous & Co LLC stands tall as the undisputed leader, securing its Tier 1 ranking across all nine practice areas in the prestigious Legal 500 EMEA – 2024 edition, marking a monumental achievement for another year. With notable dedication and expertise, we continue to maintain a leading position as the sole law firm in Cyprus to attain this eminent distinction!

Companies established prior to 2024 were obligated to pay an annual corporate levy by June of every year amounting to EUR350 according to section 391 of the Companies Law, as introduced during the year 2011 with the Amendment Law 117(I)/2011.

Elias Neocleous & Co LLC (ENC) and W11 Ventures are pleased to announce that they have entered into a powerful partnership to deliver strategic, multi-functional seed to scale advisory services to industry and investors from across the globe. This partnership combines ENC’s multidisciplinary legal expertise and tech-driven approach to solving complex legal challenges with W11’s world-class experience in business innovation strategy, groundbreaking technologies, governance, translational R&D, and investments.

Costas Stamatiou has been invited to speak at the 18th Edition of C5 Fraud, Asset Tracing and Recovery which will be held in Geneva between 14 and 15th of March 2024.

The EU’s Long-Term Investment Fund framework, extensively redesigned to remove overly strict rules on eligible investments, diversification, and access by retail investors is expected to become a sought-after fund structure for providing long-term investment opportunities to retail and professional investors via a single passport across the Union.

Elias Neocleous & Co LLC, alongside Managing Partner Elias Neocleous and Partner Demetris Roti, have earned notable recognition in the Chambers Global Guide 2024 for General Business Law, maintaining their standard of excellence.

The EU’s new Digital Operational Resilience Act (DORA) presents significant challenges by setting complex cybersecurity requirements for financial entities.

In a sequence of official notifications, the Department of the Registrar of Companies and Intellectual Property (TEEDI) has been diligently updating the public and pertinent entities on crucial developments related to the establishment of the Register of Beneficial Beneficiaries.

In the context of the increasing value of personal branding within the entertainment and public figure sectors, trademarking a celebrity’s name in Cyprus presents a unique set of challenges and opportunities.

Elias Neocleous & Co LLC (ENC) displayed its expertise at the 2024 CG Summit Cyprus, a notable gathering hosted by the Legal500, which saw the participation of legal professionals, industry experts, and key decision-makers from across the country.

Our firm’s Tech Law department is now a proud member of the SECUR-EU Project Consortium, a significant initiative aimed at enhancing cybersecurity in SMEs and Critical Infrastructure across the European Union.

In recent years, Cyprus has emerged as a preferred destination for international and regional headquarters of tech multinationals.

Elias Neocleous & Co LLC (ENC) is excited to announce that it will be hosting a thought-provoking panel discussion on the Remote Work Revolution: Navigating Legal Challenges and Optimizing Compliance for In-House Counsel in Cyprus, at the 2024 Legal 500 General Counsel Summit Cyprus (the ‘GC Summit’).

The European Commission’s groundbreaking Regulation 2023/2411, effective since November 16, 2023, transforms geographical indications protection for craft and industrial products, as discussed in an article co-authored by Ramona Livera and Anna Georgaka, and published on Lexology.

A recent article authored by Elias Neocleous & Co LLC Associate Katerina Pillakouri, and published in the Cyprus Mail, explores the recent developments surrounding the European Union’s (EU) agreement on the 12th Russian sanctions package, in close cooperation with other G7 members, including the United States and the United Kingdom.

In a new interview with InBusinessNews, our firm’s Managing Partner, Elias Neocleous, addresses the challenges and prospects facing the Cypriot economy and the services sector in 2024, highlighting the need for decisive action to protect the country’s reputation as an attractive business destination.

An article authored by Demetris Gregoriou, Advocate/Associate at Elias Neocleous & Co LLC, and recently published in the Cyprus Mail, explores the emerging trend of remote working in Cyprus’ private sector, gaining prominence in the aftermath of the COVID-19 pandemic.

An article authored by Elias Neocleous, Managing Partner at Elias Neocleous & Co LLC, and recently published in Phileleftheros, discusses the challenges presented by the volatile economic and geopolitical environment at both EU and domestic level and the importance of fortifying the reputation of Cyprus as an attractive business and investment destination.

An increasing number of employers are weighing the merits of introducing an occupation pension plan for their employees, as a means for attracting and retaining top talent and achieving workforce satisfaction.

Recent amendments to Article 32 of the Courts of Justice Law, L. 14/1960, which governs the jurisdiction of civil Courts to issue interlocutory orders, introduce radical changes in this field. This includes the notable widening of court jurisdiction in respect of issuing interlocutory orders.

Our firm (ENC) seeks to cultivate a culture where everybody can thrive, together. We aim to facilitate the ongoing development and growth of our talent through cutting-edge development programs, interactive learning, and meaningful work, and are committed to community engagement through multiple CSR activities.

Our firm is incredibly proud to announce that for a 5th consecutive year, Elias Neocleous & Co LLC (ENC) has been included in the prestigious GRR100 list released by Global Restructuring Review (GRR) in its 2023 guide to the world’s leading law firms for cross-border restructuring and insolvency matters.

As 2023 draws to a close, we reflect on the year gone by and assess how our firm has consistently upheld its core values: delivering top-tier, strategic legal solutions to global clients, advancing technological innovation, and engaging in community outreach. This timeline is a glimpse of our efforts to embody these values over the last 12 months.

It is with tremendous pride that Elias Neocleous & Co LLC (ENC) announces a series of notable promotions, highlighting the continued growth of the firm and the outstanding talent whose exceptional service, client care, and significant contributions have played a pivotal role in shaping ENC’s ongoing success.

At Elias Neocleous & Co LLC, the month of November took on a special significance this year as the firm’s trainee lawyers orchestrated a week-long Movember campaign, culminating in a vibrant event on 28 November 2023 that brought the entire Limassol office together.

At Elias Neocleous & Co LLC, our people are our greatest strength and pivotal to our firm’s success. Each year, our Lawyer Trainee Programme continues to draw in exceptionally talented graduate entrants, and this year is certainly no different.

For the 2nd time this year, our firm hosted its voluntary blood donation drive at the Limassol office to raise awareness of the need for ongoing blood donation and to encourage our employees to participate in this vital cause.

We are pleased to share the release of the 12th edition of Lexology’s In-Depth ‘Private Wealth and Private Client Review’ (the ‘Review’).

We are thrilled to announce that Elias Neocleous has recently achieved re-certification with ISO 9001:2015 and received certification with ISO 45001:2018, underscoring our commitment to excellence in quality management and occupational health and safety standards.

We are happy to announce that four of our firm’s lawyers have achieved top accolades in the Mondaq Autumn 2023 Thought Leadership Awards!

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.

The 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.

The 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.

We 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.

We 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.

We are thrilled to announce that India Business Law Journal (IBLJ) has for the 5th consecutive year identified Elias Neocleous & Co LLC as a leading foreign law firm for India-related work – the only firm in Cyprus to receive this distinguished accolade.

We are delighted to announce that for the 5th consecutive year, both the Elias Neocleous & Co LLC (‘ENC’) Private Client department, and Head of Department Elias Neocleous, have been listed in the ‘Band 1’ category of the Chambers High Net Worth Guide 2023 (‘HNW’).

We are thrilled to announce that Elias Neocleous & Co LLC was the recent recipient of a Jurisdictional Award at the 2023 Women in Business Law Awards for Europe, the Middle East and Africa (EMEA).

Elias Neocleous & Co LLC is proud to announce its partnership with KDDO Cyprus Network Justice for All, to offer pro bono legal guidance and legal representation to beneficiaries of the program.

We 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.

The rapid advancement of AI in our lives raises some interesting issues concerning the protection of intellectual property and the adequacy of current IP protection frameworks to deal with the concept of AI generated work.

This year’s Legal 500 rankings for Cyprus have been released and Elias Neocleous & Co LLC is delighted to report that all nine departments covered by the rankings have been rated as Tier 1. As in 2022, we are the only law firm in Cyprus to achieve this.

Following 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.

For the third successive year Elias Neocleous & Co has been listed by Chambers and Partners as a top law firm in Cyprus for general business law. Also ranked individually, for the 17th time, is Managing Partner, Elias Neocleous.

At Elias Neocleous & Co LLC all our staff are committed to our core values of professional excellence, innovative thought and service to Cyprus and our community. Here is a further taste of how we have tried to live up to these values in 2022.

At Elias Neocleous & Co LLC all our staff are committed to our core values of professional excellence, innovative thought and service to Cyprus and our community. Here is a taste of how we have tried to live these values in 2022.

Elias Neocleous & Co LLC is happy to announce that four of our Lawyers have received distinctions in the Mondaq Autumn 2022 Thought Leadership Awards.

The 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.

The 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.

The 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.

The Chambers High Net Worth Guide 2022 (‘HNW’) has been published and we are delighted to report that for the fourth consecutive year both the Elias Neocleous & Co LLC Private Client Department, and Head of Department, Elias Neocleous, have been listed in the ‘Band 1’ category.

The 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.

The 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.

The 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.

The 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.

The 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.

The 2022 Citywealth IFC awards took place in London on 26th January, and we are delighted to inform you that Elias Neocleous and Co LLC has retained its title as the “ Law Firm of the Year: Malta & Cyprus”.

In 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.

Global 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.

The results of the 2021 IFLR 100 ratings review have now been announced.  This is the 30th anniversary of the rating awards, and Elias Neocleous & Co LLC is pleased to note that, for the third successive year, we have been ranked as a ‘Tier 1’ legal firm in Cyprus.

We 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.

Elias 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.

We are pleased to announce that, for the second consecutive year, India Business Law Journal (IBLJ) has awarded our firm the accolade of ‘Law firm to watch’ for our India related work in 2020.

The 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. 

It is with immense pride and pleasure that we announce the appointment of our partner, Christia Middleton, to the position of District Judge in Cyprus effective 1 July 2020.  

On 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.

We 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.  

We are pleased to announce that Mondaq has awarded Elias Neocleous & Co LLC its “Contributor most read in Cyprus” award for October.

We 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.

Legal 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.

Cyprus Winners of Benchmark Litigation Europe Awards 2019 – One of the world’s leading rating houses for law firms focusing solely on dispute resolution matters.

Elias Neocleous & Co LLC advises Blackstone on Cyprus law aspects of its investment in Superbet Romania

It is a great honour and pleasure for us to co-sponsor with our esteemed colleagues and friends KLC Law firm, Athens the 2019 Legal 500 GC Powerlist event for Cyprus and Greece.

We are delighted that the latest Legal 500 rankings for Europe, the Middle East & Africa, released on 10 April, confirm Elias Neocleous & Co LLC as the leading firm in Cyprus with the highest overall rankings.

The increased engagement of Robots and Artificial Intelligence in various aspects of modern business challenges the traditional perception we have of employment relationships and will almost inevitably bring considerable changes to the job market.

Elias Neocleous & Co LLC has been recognised by Who’s Who Legal as leading experts on Cyprus Employment Law.

During the weekend of 16 – 17 February 2019, our firm’s members enjoyed a relaxing and vibrant weekend together with their families, at the Aphrodite Hills Hotel.

We would like to congratulate our CFO, Alexandra Spyrou, who, following years of hard work and dedication, has been awarded the prestigious Professional Postgraduate Diploma in Private Wealth Advising by the Society of Trust and Estate Practitioners (STEP).

We are delighted to announce that we have strengthened our presence in Western Europe with the acquisition of Jurispectrum, a niche business law firm which operates in Belgium and Luxembourg.

As early as March 2014 the Cyprus Securities and Exchange Commission (“CySEC”) alerted potential investors to the risks associated with investment in virtual currencies or contracts for difference linked to them.

IFLR1000, 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.

The 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.

Elias 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.

Our 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.

In line with our continuous development and investment in our human resources we are pleased to announce the strengthening of our Nicosia office with the appointment of a new partner and a new senior associate.

The 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.

On 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.

At the recent annual general meeting of STEP Cyprus, the local branch of the Society of Trust and Estate Practitioners, Philippos Aristotelous, partner in the firm’s private client and tax departments, was elected as a member on the board of directors of STEP Cyprus.

In October 2016 the Income Tax Law was amended to bring its provisions on taxation of income from the use or sale of intangible assets into line with the “modified nexus” approach.

Legal 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.