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Legal market overview

The Cypriot government implemented strict policies to stabilise the country’s troubled economy and particularly to rehabilitate the banking sector, but although lawyers report some signs of stabilisation the future remains uncertain, with scarce credit, high unemployment and non-performing loans still posing a problem.

Nonetheless, Cyprus remains an attractive destination for international tax structures thanks to its tax incentives and low levels of corporate tax. Furthermore, the discovery of gas deposits offshore represents a potential source of revenue for the country’s wounded economy and of optimism among beleaguered firms.

The legal market remains dominated by family-owned firms which depend largely on their connections with international firms. Andreas Neocleous & Co LLC maintains its leading position in the market and other important players include Chrysses Demetriades & Co Law Office, Dr K Chrysostomides & Co LLC and Antis Triantafyllides & Sons.

Firms in the spotlight

Anastasios Antoniou LLC

Anastasios Antoniou LLC, ranked as a top-tier Cyprus law firm by The Legal 500, is a boutique practice specialising in merger control and competition law, intellectual property, EU law, maritime law and dispute resolution. The firm has established itself for its commitment to legal clarity and is a Cyprus law firm of choice in its practice areas of expertise. In alignment with the constantly changing and increasingly competitive global environment, the firm has developed a focus towards the energy, aviation, pharmaceuticals, shipping, maritime security and telecommunications sectors...

Soteris Pittas & Co LLC

Soteris Pittas & Co LLC is a boutique law firm, in size only, focusing on the areas of law related to business activity and dedicated to providing its clients with outstanding, highly personalised, legal representation.

Press releases

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Legal Developments in Cyprus

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to

Press Releases in Cyprus

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to