Legacy archive of Andreas Neocleous & Co LLC
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News from the archive of Andreas Neocleous & Co LLC.
Limitation periods in Cyprus are set out in the Limitation of Actions Law, Cap 15 ("Limitations Law"), which dates back to the time when Cyprus was a British colony. The principal time limits range from two to 15 years, depending on the…
Read moreThe agreement between the respective governments of the Republic of Cyprus and the State of Israel on Merchant Shipping, which was signed in Nicosia on 13 January 2010 and published in the Official Gazette on 29 January 2010, enters into…
Read moreAs a general rule, a charge created by a Cyprus company conferring security on the company’s property or undertaking constitutes a charge registrable under Section 90 of the Companies Law CAP 113. Following the enactment of Law N99(I)/2009…
Read moreThe Cyprus Department of Merchant Shipping has announced that, further to its Circular 42/2010 dealing with the definition of "Community ship" for the purposes of the Merchant Shipping (Fees and Taxing Provisions) Law of 2010 ("the tonnage…
Read moreThe Ukrainian government has published the list of designated offshore jurisdictions to be used for Ukrainian tax purposes under the Tax Code, which takes effect on 1 April 2011. Payments by Ukrainian residents for the benefit of entities…
Read moreThe new double taxation convention agreed between Cyprus and the United Arab Emirates in October 2010 was signed on 27 February 2011 on behalf of the two countries' respective governments during the Cyprus Foreign Minister's visit to the…
Read moreCyprus and Germany have signed a new double tax agreement, replacing the existing 1974 agreement. The new agreement takes account of economic developments and the growing commercial and financial relations between Cyprus and Germany and…
Read moreElias Neocleous, head of our corporate and commercial department, was among a distinguished panel of expert speakers at conferences on "Tax planning for Russian clients and investments in Russia" held in Zurich and Geneva on 2 and 3…
Read moreBoth Andreas Neocleous, chairman of our firm, and Elias Neocleous, head of the corporate and commercial department, are recognised as leaders in their field in the 2011 Guide to the World's Leading Tax Advisers, the international legal…
Read moreThe Cyprus Securities and Exchange Commission ("CySEC") has circulated a further draft of the Regulation of Fiduciaries, Administration Businesses and Company Directors Law for comment by interested parties. The first draft was issued for…
Read moreIn December 2010 Cyprus enacted the Covered Securities Law, 130(I) of 2010, which establishes the legal framework for issuance of covered bonds in Cyprus complying with Directive 2009/65/EC (the UCITS Directive) and Directive 2006/48/EC…
Read moreCyprus has signed a new double taxation agreement with the Republic of Armenia. At present the agreement dated 29 November 1982 between Cyprus and the USSR, which was adopted by Armenia on independence, remains in effect, and will continue…
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