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Elias Neocleous

Work +357 25110110
Elias Neocleous & Co LLC

Work Department

Corporate and Commercial, Banking and Finance, Tax, Trusts and Estate Planning, and HNWI


Managing Partner


Elias Neocleous is the managing partner of the firm and heads up the corporate and commercial department, overseeing all areas of this department.  Elias' main areas of practice are corporate and commercial, M&A, banking and finance, tax, trusts and estate planning and advising HNWI.


English, Greek, Spanish


Barrister of the Inner Temple,vice president of the Limassol Chamber of Commerce, founder member of the Franchise Association of Greece, member of the International Bar Association, member of the International Tax Planning Association, honorary member of the Association of Fellows and Legal Scholars of the Center for International Legal Studies, member of the Association Européenne D’Études Juridiques et Fiscales, Academician of the International Academy of Estate and Trust Law and Honorary Consul of Portugal in Cyprus.


Oxford University


Banking and finance

Within: Banking and finance

Elias Neocleous & Co LLC regularly advises local and foreign banks on complex deals and receives referrals from international law firms. The ‘client-oriented and experienced’ team advised a consortium of banks from Austria, Croatia, Italy and Slovenia on the Cypriot law aspects of a €20m facility for the construction of a new hotel. Other key clients include Coutts and Bloomberg. Demetris Roti heads the team, which includes ‘precise and meticulous’ duo Elias Neocleous and Costas Stamatiou. The team is also ‘very experienced in asset recovery work’.

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Commercial, corporate and M&A

Within: Leading individuals

Elias Neocleous - Elias Neocleous & Co LLC

Within: Commercial, corporate and M&A

Elias Neocleous & Co LLC advised a Cyprus-based group of companies with assets in the CIS on a potential eurobond private offering of notes in Switzerland. Bloomberg is another key client. Elias Neocleous and Demetris Roti are key members of the ‘resourceful and knowledgeable’ team.

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Dispute resolution

Within: Dispute resolution

Chrysanthos Christoforou heads the department at Elias Neocleous & Co LLC. The team successfully brought a claim to the European Commission against the Republic of Cyprus; the claim was brought on behalf of two individuals and concerned an unlawful refusal to recognise academic qualifications obtained from a Greek university. Elias Neocleous and Costas Stamatiou are noted.

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Real estate and construction

Within: Real estate and construction

Elias Neocleous & Co LLC acts for clients including Galaxia Property Specialists and Stylianou Bros in ongoing litigation and on various conveyancing matters. The ‘active’ team also frequently handles complicated real estate matters for overseas clients. Elias Neocleous and Christos Vezouvios are the primary contacts.

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Within: Leading individuals

Elias Neocleous - Elias Neocleous & Co LLC

Within: Tax

Elias Neocleous & Co LLC has a dedicated team of tax lawyers, chartered accountants and other tax specialists that regularly work on complex cross-border projects and investments. It is also skilled at advising on domestic tax work and in tax litigation. Clients include Avanti Communications Group, Kellogg’s and Limassol Marina. Elias Neocleous is a key name.

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IHL Briefings

If your firm wishes to publish IHL Briefings or articles, please contact Antony Dine on +44 (0) 207 396 9315 or


Cyprus: Tax (4th edition)

This country-specific Q&A provides an overview to tax laws and regulations that may occur in the  Cyprus . It will cover witholding tax, transfer pricing, the OECD model, GAAR, tax disputes and an overview of the jurisdictional regulatory authorities. This Q&A is part of the global guide to Tax. [Continue Reading]

Cyprus: Private Client (2nd edition)

This country-specific Q&A provides an overview to tax laws and regulations that may occur in  Cyprus . This Q&A is part of the global guide to Private Client. [Continue Reading]

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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

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