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ARTICLE · 15 APRIL 2015

Private Client Tax – Cyprus

Elias Neocleous & Co LLC
Elias Neocleous & Co LLC
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Elias Neocleous & Co LLC

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It should be noted at the outset that this chapter refers only to the part of Cyprus controlled by the government of the Republic of Cyprus...

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Elias Neocleous
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1. NON-TAX ISSUES

1.1 Domestic law

1.1.1 Briefly describe your legal system and its origins

It should be noted at the outset that this chapter refers only to the part of Cyprus controlled by the government of the Republic of Cyprus, and not to the area occupied by Turkish troops since the invasion of 1974.

Like most former British colonies, Cyprus has a legal system based on English law, particularly common law rules and principles and rules of equity. When Cyprus became independent in 1960, the Constitution of the new Republic provided that the laws previously applicable should remain in force until repealed or amended by new laws of the Republic. Since Cyprus joined the EU on 1 May 2004, EU law has had direct effect and where there is a conflict between EU law and domestic law, EU law prevails. Common law is still the basis of the administration of justice and English law precedents after 1960 are highly persuasive.

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