Elias Neocleous & Co LLC is home to a tax team with established strength in supporting the firm with the development and implementation of innovative and tax-efficient structures for international transactions, as well as providing standalone tax advice to clients. The group's workload includes advising on a broad spectrum of domestic tax matters and cross-border mandates, particularly relating to devising and implementing tax-efficient holding and finance structures for cross-border investments. Other key areas of instruction include tax litigation, assisting very high-net-worth-individuals with personal tax issues, and handling the tax aspects of employment matters. The department is co-led by Elias Neocleous and Kyriacos Xenophontos; Elena Christodoulou and Kyriaki Stinga are singled out for their contributions.

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Key clients

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

Work highlights

Advised the Cyprus branch of a multinational neobank and e-money institution on tax matters pertaining to transactions and accounts.
Advised an international ride hailing service looking to expand its operations into Europe using a Cypriot structure.
Advised an international accommodation booking service on a range of tax matters, including VAT issues.