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Despite Cyprus being one of the smallest countries in the region in terms of area and population, its recent efforts to establish a business-friendly tax regime through a system of double taxation agreements underlines the country’s attempt to position itself as an international financial centre. This endeavour is further supported by the government’s announcement to establish a Commercial Court in 2018 to deal with the growing number of international disputes being adjudicated in Cyprus. Additionally, the country remains one of the world's foremost shipping centres and its admiralty court is a major forum for resolving maritime disputes.

However, an air of cautious optimism pervades, which can also be observed in other sectors: although the real estate market is further recovering, banks still remain reluctant to increase their exposure here.


P. N. Kourtellos & Associates LLC

P. N. Kourtellos & Associates LLC is an independent and dynamic law firm, one of the new generations of Cyprus law firms which are breaking ground and rethinking the practice and substance of law. Founded by Dr Pavlos Neofytou Kourtellos and Ioanna Demetriou in 2011, primarily as a multi-service commercial law firm based in Limassol, the firm has rapidly grown in size, encompassing associates in various business areas and expanding its practice to all business and commercial areas of law.

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Soteris Pittas & Co L.L.C

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.

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A.G. Erotocritou LLC

A.G. Erotocritou LLC is a boutique law firm, offering specialised legal services in both non-contentious, advisory and litigation matters. The firm specialises in commercial/corporate litigation and arbitration, corporate and M&A, banking and finance, shipping and private client sectors and is highly regarded as one of the fastest-growing specialised firms in Cyprus. The firm’s reputation for excellence has secured clients ranging from large banking institutions and international conglomerates to high-net-worth individuals.

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The Cypriot legal market is also seeing times of transition: while it had previously been dominated by family-run legal firms, a higher demand for increased specialism has facilitated the entry of numerous accountancy firms, which are eager to attract legal professionals with strong international qualifications.

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Legal Developments in Cyprus

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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