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The firm

Elias Neocleous & Co LLC is among the largest firms in South East Europe and the Eastern Mediterranean, with more than 140 lawyers and tax consultants. All are English-speaking and members of staff speak most European languages, as well as major Asian languages. The firm is generally regarded as a regional leader, with a particular forte in cross-border work, advising  international clients on all aspects of Cyprus and European law and handling the largest and most demanding cross-border assignments.

Having pioneered the development of business ties between Cyprus and Russia, the firm has widened its market focus to include China, Israel, the middle east, India, Asia and South America, acting for leading companies from these regions as they enter the European market. The firm continues to invest in its human resources and infrastructure in order to provide clients with service of the highest quality.

Areas of practice

Admiralty and maritime: Deals with the registration of vessels and aircraft

under the Cyprus and other flags and all aspects of ship finance. It also handles disputes and executions of judgments against assets of shipping and aviation companies worldwide.

Banking and finance: Advises on the Cyprus aspects of major cross-border

finance transactions, including all types of loans and derivatives. It has strong links with commercial and investment banks, trust companies and  underwriters.

Corporate and commercial/mergers and acquisitions: Advises on corporate management and governance, formation, merger and acquisition of companies in Cyprus and abroad, corporate reconstruction and reorganisation, capital raising transactions, and private equity work. It has particular expertise in investment via Cyprus to and from Central and Eastern Europe, Asia and South America.

Competition and European Union law: Advises multinational enterprises investing in Cyprus on competition and merger control issues under domestic and EU law.

Intellectual property: advises on the acquisition, registration and protection of all types of intellectual property. The firm specialises in high-level advice to international clients on the protection and exploitation of intellectual property using Cyprus-based structures in order to benefit from Cyprus’ advantageous IP taxation regime.

Litigation and arbitration: Deals with administrative law, admiralty, international trade law, land, matrimonial and personal injury cases, debt collection, defamation, negligence and other torts, and conducts domestic and international arbitration, mediation and other forms of ADR.

Infrastructure and project finance: the firm assists clients on landmark developments, global PFI and PPP projects. Advice is specifically tailored to dovetail with the corresponding commercial, banking and finance and tax aspects.

Tax and international tax planning: Advises on tax law and treaties, plans multinational structures and handles tax disputes. A specialist team within the department focuses on tax planning and wealth management for HNWIs and UHNWIs in conjunction with their home country advisers.

Real Estate and Immigration: Deals with all issues related to real estate, including agreements for buyers and sellers, expatriation of funds, estate planning and succession issues, particularly for HNWIs.

Extensive experience in citizenship applications, employment permits, permanent residence permits and other immigration matters.

  • Other offices

  • Brussels

  • Budapest

  • Kiev

  • Nicosia

  • Paphos

  • Prague

  • Number of lawyers: 143
  • at this office: 80
  • Languages
  • English
  • French
  • German
  • Spanish
  • Greek
  • Arabic
  • Hebrew
  • Hungarian
  • Italian
  • Russian
  • Turkish
  • Ukrainian
  • Czech
  • Urdu

Above material supplied by Elias Neocleous & Co LLC.

Legal Developments by:
Elias Neocleous & Co LLC

  • Elias Neocleous & Co LLC advised the Zarenkov family in disposal of a 25% stake in Etalon Group PLC

    Elias Neocleous & Co’s Financial Services team assisted the Zarenkov family on Cyprus corporate and financial services law matters in their February 2019 disposal of a 25% shareholding interest in Etalon Group Plc to Sistema PJFC, a publicly-traded diversified holding company. Etalon Group Plc, one of Russia’s largest and longest established development and construction companies,  is a Cyprus public company having Global Depositary Receipts (GDRs) traded on the Main Market of the London Stock Exchange since 2011. The relevant public announcements on this transaction are available in the website of the London Stock Exchange and of Etalon Group Plc .
    - Elias Neocleous & Co LLC

Legal Developments in Cyprus

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

    In light of EU Anti-Tax Avoidance Directive (ATAD), the Cyprus House of Representatives on April 5, 2019 voted into law (applicable from January 1, 2019) the partial implementation of legally-anti-abusive measures. These measures include the ‘interest limitation’ rule, the ‘general anti-abuse’ rule, and the ‘controlled foreign companies’ rule. The rest two measures stipulated by the EU ATAD (exit taxes and rules to tackle hybrid mismatches) are expected to be implemented in Cyprus by 2020.
  • Pre-1995 Leases in Malta

    Recently, the Maltese courts may have possibly brought about the beginning of the end of a legal and social question concerning landowners who were, and still are, subjected to pre-1995 rent laws. The judgement given in  Anthony Debono et v. Avukat Generali et. , may prove to be a milestone in Maltese rent laws.
  • IS SILENCE GOLDEN? The added value of emergency media response plans

    In the words of  WARREN BUFFET:
  • Why Cyprus for Maritime?

    Recognizing the political, economic and social importance of shipping, as from 1963, Cyprus managed to develop the country into a fully-fledged shipping centre combining both a sovereign flag and a resident shipping industry, which is renowned for its high-quality services and standards of safety.
  • Changes to UK capital gains tax

    Since April 2019, the new rules regarding capital gains tax have been implemented in UK. The intention of the implementation of new rules is to remove the advantage of non- UK residents who did not pay tax over the gains from the disposal of all their property in UK.
  • Increase of Property Rents in Cyprus: Permissible and Non-Permissible Limits

    It has been many times that my clients have expressed the question as to when and how the rental amounts increase.  This question is voiced by both Landlords and Tenants of real estate.
  • Shipping at the spotlight of terrorism

    Is terrorism the new norm for shipping?
  • Adidas three stripe Trademark Revocation

    In a judgment of the General Court of the European Union of the 19th June 2019, Adidas saw their hopes of extending their three stripes trademark dashed, as the court ruled that there was no distinctiveness in the three stripes trademark. Furthermore, the court held that the Adidas had failed to prove that the mark had acquired distinctive character through use throughout the member states of the EU.
  • David against Goliath – Libra vs Central Banks: Who will win?

    Working in the crypto and DLT space is like being on an emotional rollercoaster with feelings which range from curiosity, excitement, euphoria, revelation, shock, disappointment, hope, wonder and determination – did I miss any?
  • UK Telecoms company fined £100K over unsolicited marketing messages

    The Information Commissioner’s Office (‘ICO’) which is the UK’s data protection supervisory authority, recently issued a fine of £100,000 to EE Limited, a telecoms company operating in the UK. The fine was issued in response to EE Limited having sent two and a half million unsolicited direct marketing messages to its customers, back in early 2018. The direct marketing messages were sent without EE Limited having first obtained the required consent to send them to its clients.