Tax

Elias Neocleous & Co LLC

Elias Neocleous & Co LLC has a stellar reputation in the market. The agile group specialises in developing and implementing innovative tax-efficient structures for international transactions. The department handles the full range of domestic tax issues and tax litigation and is particularly sought after for its expertise in advising on the tax implications of employment relationships. Other elements of this wide-ranging practice include advising HNWIs and their advisors on a range of complex tax issues. The versatile group is recommended for its support on various compliance matters too. It has sector expertise in many areas, such as shipping, real estate and energy. Elias Neocleous and Kyriacos Xenophontos are at the helm. Elena Christodoulou plays a pivotal role in the department too.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

‘Elias Neocleous & Co. LLC has a broad team, we have been working with them for years and they are a reliable party. Elias Neocleous himself is very responsive and friendly.'
‘Excellent team with excellent legal and commercial skills.’
‘Understands the real issue quickly, and proposes good and robust solutions. Elena Christodoulou and Fabian Cabeza are excellent and are a perfect team on corporate and tax matters.’
‘The team has consistently provided swift, reliable, and well-considered advice, which has been crucial in addressing complex legal challenges. Their approach is both innovative and thorough, demonstrating a deep understanding of the subject matter.’
‘Their advice and approach are always top-class and practical. The team is not only highly knowledgeable but also approachable and professional.'
'Their responsiveness and efficiency, combined with a solution-oriented mindset, ensure that we always feel supported and well-guided. Elias Neocleous, Kyriaki Stinga, Elena Christodoulou.'
‘We are pleased to have an all-base-covered legal partner that can handle cases holistically. Communication is efficient and clear.’
‘Fabian Cabeza and Elena Christodoulou are very hands-on and engaged, trying to deliver the maximum quality result within reasonable time and budget limits. We are pleased to observe their good judgment and business awareness helping them advise effectively in commercial transactions.’

Key clients

Made.com
Mintra Holding AS (Norway)
Invel Real Estate Partners
Airbnb
Booking.com
Limassol Marina
KKCG Group
Allwyn Group
Bloomberg
Avanti Communication Group Plc
Prodea Investments
Huawei Technologies
Stacyc Bikes
Oriflame Cosmetics
Royal Caribbean Cruises
Greenmont Ventures
CPI Property Group

Work highlights

Advised a game development studio on the tax implications associated with the implementation of Council Directive (EU) 2020/284 implementing the Central Electronic System of Payment Information (CESOP), and particularly on the EU VAT tax risks relating to its operations with key US partners.
Advised an international group on the Cyprus tax implications of its proposed establishment of an online platform that will display non-fungible tokens (“NFTs”) linked to unique digital assets being sold through the platform.
Advised an international media and entertainment group on tax structuring and on the planning for its proposed expansion into the European market, and addressed specific advice on Pillar II implementation in Cyprus, as well as on Cyprus-specific incentives available to the company.