Legacy archive of Andreas Neocleous & Co LLC
Archive
News, events and recent works of Andreas Neocleous & Co LLC.
In July 2015 the Cyprus government introduced a notional interest deduction (“NID”) on new equity capital (paid-up share capital and share premium) injected into companies and permanent establishments of foreign companies on or after 1…
Read moreIn December 2015 the Ministry of Finance issued a Decree implementing the Organisation of Economic Cooperation and Development’s Common Reporting Standard (‘’CRS’’) and the Multilateral Competent Authority Agreement on the Automatic…
Read moreFollowing considerable opposition from some countries to IP box regimes G20 leaders reached agreement towards the end of 2014 on a “modified nexus” approach that allows a taxpayer to benefit from an IP regime only to the extent that it can…
Read moreAndreas Neocleous, chairman of our firm, is the Honorary Consul-General of Japan in Limassol and on 3 December this year he joined Mr Mashiko Nishibayashi, the Ambassador of Japan in Greece, to host the annual reception for the Birthday of…
Read moreLaw 144(I) of 2015 amends the Partnerships and Business Names Law, Cap. 116, to introduce the concept of partnerships limited by shares (commonly referred to as LLPs) to the Cyprus legal order. LLPs and their equivalents are widely used in…
Read moreOn 23 November Vechernyaya Moskva, Moscow’s evening newspaper and Russia’s longest-established, published a wide-ranging interview with Andreas Neocleous, chairman of our firm, on the advantages of Cyprus for Russian businesses and his…
Read moreDirective 2013/36/EU on the prudential supervision of credit institutions and investment firms requires what the directive defines as “systemically important institutions”, that is, institutions of such significance that their failure or…
Read moreIn July 2015 the Cyprus government submitted a number of draft laws to parliament to implement the new provisions of the EU Parent-Subsidiary Directive, to simplify the tax regime and make it more attractive, fair, and effective, with the…
Read moreIn July 2015 the Cyprus government submitted a number of draft laws to parliament to implement the new provisions of the EU Parent-Subsidiary Directive, to simplify the tax regime and make it more attractive, fair, and effective, with the…
Read moreIn November 2015 the Cyprus Securities and Exchange Commission (“CySEC”) issued an updated version of its Directive DΙ144-2007-01 of 2012 regarding authorisation and operations of Cyprus Investment Firms (“CIFs”), which explains and…
Read moreThe Merchant Shipping (Fees and Taxing Provisions) Law, commonly known as the tonnage tax law, requires that, in order to qualify for the tonnage tax scheme, Community-flagged ships (ships registered in and flying the flag of an EU Member…
Read moreThe Cyprus Ministry of Finance has announced that the Protocol to the double taxation agreement between Cyprus and Ukraine, which was agreed in September 2015, was formally signed on 11 December. The existing double taxation agreement…
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