On November 30 total tourist arrivals to the island surpassed those seen for the whole of the year 2023, a record year for arrivals, Transport Minister Alexis Vafeades announced.

Elias Neocleous & Co LLC is pleased to announce its achievement of ISO/IEC 27001:2022 certification for Information Security Management. This significant accomplishment reflects the firm’s dedication to maintaining rigorous standards for data protection, client confidentiality, and resilience against emerging cyber threats.

ServPRO is excited to announce that its visionary Founder & CEO, Petros Theodotou, has been named one of Cyprus’ most influential business leaders in prestigious magazine, The CIO World:

The deadline for the second instalment of the Temporary Tax Assessment for the year 2024 in Cyprus is approaching and it is recommended that businesses contact their tax advisors to ensure tax compliance.

In an article by Athina Evagorou, an Associate at our firm, it was noted that in October 2024, Cyprus enacted Law 116(I)/2024 on the Prevention of the Dissemination of Terrorist Content Online, aligning with EU Regulation 2021/784. The Law aims to curb the spread of terrorist content online to enhance public safety and security. It applies to all hosting service providers operating in Cyprus, mandating cooperation with EU member states.

Freelance/ contractor work is becoming increasingly popular for its flexibility, and Cyprus is an attractive destination for contractors due to its favourable tax policies, affordable living costs, and growing digital infrastructure. Whether you’re a social media contractor, SEO specialist, or seeking contract work across various industries, understanding Cyprus’s business landscape is essential. From tax regulations to work-life balance, this guide will provide crucial information for succeeding as a contractor in Cyprus.

In an article published in the Solicitors Journal, Athina Evagorou, Associate at our firm, highlights that the promotion of gender equality is crucial for societal and economic development, requiring equal participation of men and women in decision-making, free from stereotypes. The Commissioner for Gender Equality and Related Matters Law of 2024 in Cyprus aims to strengthen equal rights, promote balanced resource distribution, and ensure visibility and participation across public and private sectors. The law mandates the development of a National Strategy and Action Plan, coordination with government bodies, and international representation.

The enactment of the Alternative Investment Funds (AIF) law in July 2014 aligned the Cyprus legal and regulatory framework with EU directives on asset management, with the aim to enhance transparency and investor protection. Following on-going efforts to modernise its fund framework, Cyprus introduced a new law offering more investment structuring possibilities and upgraded rules for the authorisation, on-going operations, transparency requirements and supervision of Cyprus AIFs, as well as the regulation on the role and responsibilities of their directors, depositaries and external managers. AIFs that are established under domestic Cyprus fund legislation can be sold on a private placement basis or marketed to professional investors across the EU under the Alternative Investment Fund Managers Directive (AIFMD) passport.

The 15th edition of the Limassol Economic Forum, Cyprus’ largest current affairs conference, recently took place, bringing together global thought leaders, policymakers, economists, and industry experts to address key economic challenges and opportunities.

Our Executive Chairman Stavros Pavlou, FCIArb, Bsc (Econ), Barrister, TEP attended Dubai Arbitration Week and had the honor of keynote speaker on the 13th November 2024!