Private Wealth Law
High Net Worth Guide 2024 : Cyprus
Band 1
About
Provided by Elias Neocleous & Co LLC
Elias Neocleous & Co LLC clients benefit from a dedicated private wealth team to navigate Cyprus’ international trust legislation and non-domiciled regime which under certain conditions gives tax exemptions on key types of investment income such as dividends, interest, and royalties.
Guided by experienced partners Elias Neocleous and Kyriacos Xenophontos, and Senior Legal Counsel Michael Pelosi, the team serves the needs of HNWIs, UHNWI’s, and their home country advisors. This includes strategic advice on trust establishment, wills, probate, tax planning, wealth management, asset structuring, family office creation, and wealth extraction from family businesses. The firm ensures legal compliance and optimised financial strategies, including cross-border transactions involving corporate and commercial law, to preserve wealth effectively. Whether guiding clients through estate planning or advising on tax obligations, it provides tailored solutions for their specific needs. Additionally, clients may also access the firm’s affiliated trust company service.
The firm’s award-winning tax team also advises on a range of related matters including individual tax advisory and compliance, individual tax domicile and residency issues, tax efficient schemes and incentives for HNWIs (e.g. yacht & aircraft leasing schemes and the use of trusts), obtaining advanced tax rulings from the Cyprus tax authorities, and exemptions and incentives available for individuals relocating to Cyprus.
Chambers Review
Elias Neocleous & Co frequently assists wealthy clients with complex private wealth matters, including tax, estate planning and structuring. Its lawyers often handle cross-border transactional matters for high net worth clients.
Strengths
Provided by Chambers
"The firm provides excellent, personalised service and the team is always available."
"It does not matter which lawyer you are dealing with because they all work perfectly together."
"The firm provides excellent, personalised service and the team is always available."
"It does not matter which lawyer you are dealing with because they all work perfectly together."
Notable Practitioners
Elias Neocleous has strong expertise advising on foundations, trusts, and asset management. His name is well-known in the Cypriot legal market and he is noted for his work with ultra-wealthy clients.
"Elias Neocleous is very polite and an excellent lawyer."
"Elias manages to run the ever-growing firm, liaise with Government, stay on top of legal trends across the EU, counsel clients, and have complete awareness of everything else that is going on with his clients."
Elena Christodoulou works on a variety of high value, cross-border tax advisory mandates for high net worth clients in industries including tech, leisure, and transport.
"Elena Christodoulou is wonderful to work with."
"Over the past few years of working with Elena, her knowledge, especially of finance and tax matters, has grown admirably, and she has put real effort into it. She is always available to the client."
Ranked Individuals at
Elias Neocleous & Co LLC
Cyprus
Members
Provided by Elias Neocleous & Co LLC