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Following the "bail-in" of depositors as a condition of international financial support to Cyprus in March 2013 restrictive measures were imposed on deposits within the Cyprus banking system as at 15 March 2013.

The European Union has adopted its 21st package of restrictive measures against Russia, introducing significant new sanctions targeting the financial sector, crypto-assets, energy industry, and shadow fleet operations.

The new scheme provided by the Cyprus parliament which aims to enhance credit institutions' access to liquidity and help them to overcome the impact of the economic crisis.

In the Memorandum of Understanding it agreed with its international creditors in Spring 2013 the Cyprus government undertook to put in place an effective system for the enforcement of security over mortgaged land.

The Cyprus Tax Department has issued a new circular (EE26, dated 7 September 2018) clarifying the taxation of earnings of insurance agents.

The Cyprus Mail has featured an article by Associate, Aylin Zeybek. Aylin's article explores some recent amendments to The Intellectual Property Right and Related Rights Law of 1976...

A team of senior lawyers and managers including the Managing Partner of ELIAS NEOCLEOUS & CO LLC has successfully completed a three-day professional training session...

Maria Christofi shares her insights on how the legal profession in Cyprus is quietly evolving, driven by changing client needs, market dynamics, and technological innovation.

‘Fileleftheros' newspaper has recently published an article by Marina Vassiliou, Associate of Elias Neocleous & Co LLC.

Chief Information Officer, Michael Ioannou, recently featured as the ‘cover story' for "Gold Magazine's", 15 March 2020 special edition which was devoted to the topic of ‘Digital Transformation'. 

A double taxation agreement between Spain and Cyprus was signed in Nicosia today by the Spanish ambassador and the Minister of Finance of the Republic of Cyprus.

The Cyprus Tax Department has announced that, following the latest improvements of the TAXISnet system for electronic submission of VAT returns...

On 18 December 2018 the Cyprus Tax Department announced that the submission deadline for country by country reports for the year ended 31 December 2017 ...

On 1 January 2014 five new agreements for the avoidance of double taxation (DTAs) between Cyprus and other countries took effect.

The negotiations' status is also indicated in the IRS' website.

Proposals have been submitted to Parliament to amend the Income Tax Law to regulate the tax treatment of losses resulting from the bail-in of unsecured depositors which took place in March 2013.

Under the agreement there is no withholding tax on dividends paid by a company resident in Lithuania to a company (but not a partnership) resident in Cyprus provided that the recipient is the beneficial owner of at least 10 per cent of the shares in the company paying the dividend. Otherwise the maximum rate of withholding tax is 5 per cent.

In an era of rapid technological advancement, the question for modern businesses is not if they will face a cyberattack, but when.