Legacy archive of Andreas Neocleous & Co LLC
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News from the archive of Andreas Neocleous & Co LLC.
Following 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 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…
Read moreMrs. Maria Kyriacou, advocate and partner at our firm, was recently interviewed by InBusiness News, in relation to the scope and nature of legal work in general and the necessary management skills required by directors and CEOs in order to…
Read moreIn order to promote its objective of improving the quality of Cyprus shipping, the Merchant Shipping (Fees and Taxing Provisions) Law of 2010, Law 44(I)/2010 ("the Tonnage Tax Law") imposes a surcharge on the tonnage tax payable in respect…
Read moreElias Neocleous, head of our firm’s corporate and commercial department, and colleagues Elena Christodoulou and Marissa Christodoulidou were among those attending the sixth annual Offshore 2020 seminar held in Limassol on 23 November. The…
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