Firms To Watch: Tax

Tax in Cyprus

I. Frangos & Associates LLC

I. Frangos & Associates LLC has an emerging tax practice focused on tax structuring, the tax aspects of M&A and tax-efficient investment planning, with Iosif Frangos leading the team. The practice has a specialism in emerging areas such as digital taxatio.

Chrysostomides Advocates & Legal Consultants

Adept in a broad array of tax matters, including transfer pricing, property tax and VAT, as well as the tax implications of M&A, reorganisations and commercial projects, Chrysostomides Advocates & Legal Consultants‘ tax team stands out to clients for being ‘responsive and knowledgeable’. The practice boasts relationships with international law firms, and is regularly active for multinational corporations and high-net-worth individuals. George Ioannou, an expert in implementing and defending tax planning structures, corporate and personal tax matters and VAT and customs duties, is at the helm of the team.

Responsables de la pratique:

George Ioannou


Autres avocats clés:

Konstantinos Taramountas


Les références

‘George Ioannou and Konstantinos Taramountas stand out.’

‘Very knowledgeable, very responsive and a very friendly team, in Cyprus international tax law issues.’

‘The practice is a well-organised, very responsive and knowledgeable team. We feel secure that our queries and projects will be handled with the best of care, and there is no discount in quality during all the years that we have been working together.’

Principaux clients

Wolt Cyprus


Tencent


Veeva Systems


Marsh & McLennan Companies


FedEx Corporation


Microsoft Corporation


Moody’s Corporation


BRP Tax


Mastercard


American University of Beirut


doValue Group


Astrobank Public Company


Sanofi S.A.


METLEN Energy & Metals


F. Hoffmann-La Roche AG


Databricks, Inc.


Diageo PLC


Eli Lilly & Company


Nov Apl


Principaux dossiers


  • Advising Astrobank Public Company tax on regulatory advice to a proposed disposal of all the assets and liabilities of Astrobank Public Company to Alpha Bank, valued at €235m.
  • Advising the American University of Beirut on multiple tax implications of its €60m investment in Cyprus, in relation to the relocation of numerous academics to Cyprus.
  • Advising BRP Tax, addressing Cypriot tax obligations for HNW individuals and financial institutions.

Clerides, Anastassiou, Neophytou LLC

The ‘brilliant’ Stavros Clerides and ‘trusted adviser’ Andri Stylianou lead Clerides, Anastassiou, Neophytou LLC‘s tax practice. The group has expertise in both international and local tax law, including tax implications of cross-border and domestic transactions. Direct and indirect tax matters are handled by the department, including income, capital gains, VAT, and ancillary taxes. International law firms, high net worth individuals, institutional investors, and large corporate conglomerates are all counted as clients. The team additionally has aptitude in tax aspects of PE and venture capital deals, start-ups, and angel financing.

Responsables de la pratique:

Stavros Clerides; Andri Stylianou


Autres avocats clés:

Effie Anastassiou


Les références

‘The firm has an extremely professional and proactive team of lawyers. Their input is always substantiated and well-supported and not only meets but very often exceeds expectations.’

‘Effie Anastassiou provides an exceptional quality of service, complete and accurate legal advice – she is thorough, committed to every assignment and always has valuable comments and creative suggestions to make.’

‘Stavros Clerides is second to none and has an exceptional grasp of tax and legal matters together and is of great assistance when we require innovative cross-border structuring work and tax planning – a brilliant lawyer.’

Principaux clients

Mobileye BV Group


Phanos N. Epiphaniou Plc


Southbridge Advisors A.I.F.M.


DLA Piper


Lorgena


Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo


Nychiza


Isotax


Principaux dossiers


  • Advised on the Cyprus legal and tax aspects with respect to the sale and acquisition of a large residential project in Cyclades, Greece.
  • Advised three Greek High-Net-Worth Individuals on a €160m sale of their stake in a leading international pharmaceutical company.
  • Advised a significant number of clients on the implementation of the EU Council Directive 2011/16 in relation to cross-border tax arrangements.

Elias Neocleous & Co LLC

Specialising in developing and implementing tax-efficient structures for international transactions and cross-border mandates, Elias Neocleous & Co LLC‘s tax team excels in both daily tax advisory and litigation. The team focus on headquartering and advising on substance requirements, cross-border investment structures, the tax implications of employment matters, advising high-net-worth individuals on personalised tax solutions, advising corporations on tax advice and compliance. The ‘highly responsive’ that offers ‘exceptional client service’ is jointly led by Elias Neocleous, Kyriacos Xenophontos and Kyriaki Stinga.

Responsables de la pratique:

Elias Neocleous; Kyriacos Xenophontos; Kyriaki Stinga


Autres avocats clés:

Elena Christodoulou; Fabian Cabeza; Alexis Christodoulou


Les références

‘The practice stands out for its speed, reliability, and exceptional client service. They anticipate challenges, provide strategic solutions, and handle complex matters with efficiency and care.’

‘The team is proactive, communicative, and consistently delivers high-quality results under pressure.’

‘Elena Christodoulou is professional, positive, and exceptionally organised. She provides clear, timely advice and ensures seamless communication in complex matters.’

Principaux 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


Principaux dossiers


  • Advised a charitable foundation on Cyprus Income Tax Law exemptions in line with international conventions, including the interaction between Cyprus’s tax regime and immunities under the Vienna Convention.
  • Advised on a complex cross-border funding structure, providing detailed tax analysis of jurisdiction-specific and treaty-based implications, with a particular focus on withholding taxes applicable to dividend distributions, interest payments, and deemed interest components.
  • Advised a Cyprus tax-resident technology company operating a cross-border B2B licensing model on the application of Cyprus tax rules for Intellectual Property developed locally, including an in-depth assessment of the classification of qualifying intangible assets.

KINANIS LLC

Clients from a range of sectors, including technology and mobile and online gaming, as well as aviation, charitable organisations, real estate, and oil and gas choose KINANIS LLC for its aptitude across both direct and indirect tax mandates. Its areas of expertise include advising on local and cross-border tax investigations, VAT, reorganisations, transfer pricing, and personal taxation. Spearheading the ‘highly responsive, collaborative and skilled’ team are Charalambos Meivatzis, Marios Palesis and Demetra Constantinou.

Responsables de la pratique:

Charalambos Meivatzis; Marios Palesis; Demetra Constantinou


Autres avocats clés:

Theodora Charalambous; Chariklia Kourtellari; Alexandros Maxakoulis; Liliana Cojoleanca; Stephanos Charalambous


Les références

‘The tax practice at Kinanis LLC combines deep expertise with client-focused efficiency, delivering swift, tailored solutions for complex cross-border tax issues.’

‘Demetra Costantinou is a standout for her EU VAT expertise and proactive, collaborative client approach.’

‘Kinanis LLC provides comprehensive tax expertise across local and international matters, offering practical, business-aligned solutions with strong sector knowledge.’

Principaux clients

Megatren Investments


Torwell Holdings


Twiti Investments


CEA audit


Estron Corporation


Metatax Advisors


JustMarkets


AristionFX


Premier Shukuroglou Group


NSF Together


My.Games


Holborn Assets


Taliadoros Audit Firm


ISTOS GLOBAL


PQS Advisory


SECURINVEST


Ecomz Ltd


MSCS Consultants


COMFY HOLDINGS


Dentons Europe Studio Legale Tributario


FLETCHER GROUP HOLDINGS


ILUVATAR CAPITAL RAIF


Michalis Avraam & Partners


ONEPOINT SAS


PEOPLECERT INTERNATIONAL


Tatiana Mitrova


Trixton


STR Power Group


First Imagine


LENHILL PARTNERS


VRC Meat Med


EPENDICY


ILUVATAR CAPITAL RAIF V.C.I.C.


Xerographic Solutions


Altus Cidatel Corporate Services


Alliott Partellas Kiliaris


Principaux dossiers


  • Advised the seller on the proposed acquisition of a Cyprus-based company by a French-listed technology group, ensuring regulatory compliance and transaction alignment with the seller’s objectives.
  • Advised a Cypriot property holding group restructuring in relation to the group’s capital structure and tax and corporate matters.
  • Advised a global logistics and commerce operator on the cross-border transfer of its top Cyprus holding and management company to the UAE, ensuring full legal and regulatory compliance.

AGPLAW | A.G. Paphitis & Co. LLC

Michael Alexandrou heads AGPLAW | A.G. Paphitis & Co. LLC‘s tax practice. Alexandrou has 20 years of experience in the practice area, handling tax structuring, IP tax, and transfer pricing matters, in addition to a range of other issues. Also co-leading is Angelos Paphitis, boosting the team’s ability in tax litigation and with high-net-worth individuals and entrepreneurs. The team specialises in transfer pricing, international tax planning, corporate tax advisory, private tax and wealth planning and VAT mandates.

Responsables de la pratique:

Michael Alexandrou; Angelos Paphitis


Les références

‘They are very client-centric.’

‘The tax team is a real star—smart, practical, and always thinking a step ahead. They make even the most complex issues feel manageable, offer actionable advice, and are genuinely easy to work with.’

‘Michael Alexandrou is fantastic to work with – he’s approachable, reliable and someone you can trust to guide you.’

Principaux dossiers


  • Advised a US citizen and Cyprus non-domiciled tax resident, on the Cyprus tax treatment of various American retirement assets, providing guidance on classification, treaty application and optimal structuring for tax efficiency.

Andreas Coucounis & Co LLC

Andreas Coucounis & Co LLC‘s tax team excels in tax mandates for multinational corporate and high-net-worth individuals, including tax restructuring, VAT matters and tax issues related to investment disposal. Spearheading the ‘knowledgeable team’ is Dimitria Coucouni, often active in Cypriot tax reform and an expert in VAT matters, advising European companies on relocation to Cyprus and the tax aspects of transactions. The team is also well-equipped in handling VAT invoicing and fraud issues.

Responsables de la pratique:

Dimitria Coucouni


Les références

‘They really care – you are not treated like a fee but a person.’

‘Very knowledgeable team.’

Principaux clients

Gartner Inc.


Amazon


Prematharshini Subaskaran


Avalara Inc


Joseph Avzuk


Shallimar Cyprus


Prime Commercial Properties Management


Paul Denham


P & BS HOLDINGS


Principaux dossiers


  • Advising a high-net-worth individual Health Champion with a large philanthropic profile on tax issues pertaining to the restructuring of their asset holdings companies to the value of over £15m.
  • Advising Gartner Inc, a US listed global research and advisory company with worldwide presence, on matters pertaining to their IP holdings of value exceeding $3b.
  • Advised Amazon on Cyprus Tax and Cyprus VAT related matters.

Patrikios Legal

Patrikios Legal‘s tax team is noted for its ability across tax disputes, daily tax advisory, and setting up tax-efficient structures for cross-border transactions. The department’s clientele includes local and international corporations and law firms, as well as high-net-worth individuals and entrepreneurs. Stavros Pavlou, the executive chairman of the firm specialising in international trusts, asset protection and international tax planning, and Stella Strati, a key adviser to individuals and families on trust law issues and sanctions and restrictive measures, lead the practice.

Responsables de la pratique:

Stavros Pavlou; Stella Strati


Autres avocats clés:

Stylianos Trillides


Les références

‘Patrikios Legal operates with impressive efficiency. Their team is well-coordinated, responsive and delivers clear, actionable advice within tight timelines.’

‘Stella Strati combines deep technical knowledge with a clear, practical approach that clients appreciate – she delivers high-quality, timely advice and are always focused on achieving workable solutions.’

‘Stylianos Trillides, Stella Strati and Stavros Pavlou operate with a warm and humane attitude, maintaining a professional, respectable and representative appearance.’

Principaux clients

Yiallourides & Partners


DLA Piper Italy


VALORIS AVOCATS


Principaux dossiers


  • Advising a Cyprus start-up company, which operates in the sector of IP and software development, in relation to the applicable Cyprus IP tax regime and whether the activities of the company qualify under this tax regime.
  • Advising on the tax consequences of a new structure involving a Cyprus entity to act as an agent for an established foreign company, operating in the telecommunications field.
  • Assisting in the preparation of a legal and tax memorandum relating to the intended relocation of a French national to Cyprus, for the purposes of obtaining the Cyprus tax residency.

STI Taxand LLC

STI Taxand LLC, member firm of the Taxand Global network, is a boutique tax firm with expertise in Cypriot and international tax law. The team has strength across a broad array of tax issues, including those relating to M&A, real estate, and employment. Transfer pricing, compliance issues, and private clients services are additionally covered by the firm. Noted by clients for providing ‘outstanding corporate and international tax expertise’, Costas Savva, Demis Ioannou, Christos Theophilou, and Gaspar Lopes Dias lead the team from Nicosia.

Responsables de la pratique:

Costas Savva; Demis Ioannou; Christos Theophilou; Gaspar Lopes Dias


Les références

‘Long-term relationships matter more than transactions, and collaboration with Christos Theophilou and Gaspar Lopes is consistently strong.’

‘Taxand offers unmatched Cyprus expertise, especially in transfer pricing.’

‘Christos Theofilou is a trusted, knowledgeable professional whose advice carries weight. His approach remains consistently reliable.’

Principaux dossiers


AMG Mylonas & Associates, LLC

AMG Mylonas & Associates, LLC works on a range of tax structuring mandates, with expertise relating to transfer pricing and VAT issues. The group additionally has expertise advising on tax matters in the fintech sector, and in crypto-taxation. Clientele include local and international corporate clients in the shipping, real estate, private equity and technology sectors. Leading the team is Andreas Mylonas, a specialist practitioner in digitalisation and tax law, and a key adviser to the fintech industry.

Responsables de la pratique:

Andreas Mylonas


Les références

‘People working for the firm are genuinely dedicated to their clients’needs nd have high technical skills and expertise. They deliver on time and steer for technological innovation of the firm’s internal management.’

‘Individuals are committed to teamwork and promote fluent and transparent communication and language. Andreas is an open-minded person, who gathers expertise and knowledge and receives commitment and engaged attitudes from his team members.’

Principaux dossiers


  • Advising the Cyprus Shipping Fund, Registered Alternative Investment Fund (“RAIF”), registered with the Cyprus Securities and Exchange Commission (CySEC).
  • Advised Acomo Energy Group on a 10MW investment for more than 10m investment in Renewable Energy PV Parks in Cyprus.
  • Advising AM9 Ventures Ltd, a private equity real estate fund.

Antis Triantafyllides & Sons LLC

International and domestic companies and financial institutions choose Antis Triantafyllides & Sons LLC‘s tax team for its expertise in tax litigation and disputes. At the head of the practice are Stelios Triantafyllides and George Triantafyllides. The former is an expert in tax issues relating to corporate transactions and financings; the latter supports the team’s litigation, arbitration and mediation abilities, with a strong record in high-stakes international and domestic matters.

Responsables de la pratique:

Stelios Triantafyllides; George Triantafyllides


Principaux clients

Provident Fund of Workers in the Construction Industry


Principaux dossiers


  • Representing the Provident Fund of Workers in four court appeal cases filed against the Republic of Cyprus in the Supreme Court of Cyprus, in connection with the tax imposed on hundreds of property transactions carried out between 1991 and 2007.
  • Represented the appellants (Provident Fund of Workers in the Construction Industry) in a pivotal tax dispute concerning the classification of property sales for capital gains tax purposes.

E & G Economides LLC

George Economides stands out to clients for his ‘commercially pragmatic and tactically astute’ approach to tax mandates, and leads E & G Economides LLC‘s tax practice from Limassol. Economides is a specialist in real estate, and is a key adviser to a range of domestic and international businesses, as well as high-net-worth individuals. The team work cross-practice, advising clients on tax structuring, the tax aspects of M&A, transfer pricing and EU directives, among a range of other issues.

Responsables de la pratique:

George Economides


Autres avocats clés:

Virginia Adamidou; Melina Dionysiou


Les références

‘Exceptionally knowledgeable, responsive and client-focused team delivering clear, practical tax solutions with genuine care.’

‘Professionals show deep expertise, strong collaboration, and proactive guidance that consistently inspires confidence.’

‘George Economides is commercially pragmatic and tactically astute, while Melina Dionysiou is highly responsive.’

Principaux clients

Opiniq


Domaland


Polsteam Shipping Company


Ianira Enterpises


Alber Blanc Capital


Principaux dossiers


  • Advised a holding company on the capitalisation of shareholder loans, including drafting the required agreements and providing detailed guidance on all Cyprus tax implications.
  • Advised an investments holding company on registering a pledge over its assets in favour of a banking institution, and provided specialist Cyprus tax advice in what was a complex and time-consuming matter.
  • Advised on the divestment of a high-net-worth client’s luxury yacht, managing the cross-border asset transfer and providing a concise tax analysis to support the transaction.

Harris Kyriakides

Harris Kyriakides‘ tax team is noted for its expertise in tax disputes, in addition to non-contentious matters including VAT advisory, M&A, and real estate tax. The team represents clients in investigations and appeals, as well as advocating before tax authorities, tribunals, and higher courts. Prominent real estate, corporate, and financial services names are among the clientele of the group, which assists with corporate reorganisations, VAT disputes, and a range of other issues. Michalis Kyriakides, Angela Charalambous, Eleni Neoptolemou and Andrea Newton spearhead the practice.

Responsables de la pratique:

Michael Kyriakides; Angela Charalambous; Eleni Neoptolemou; Andrea Newton


Les références

‘Attention to detail, professional approach and deep knowledge of legal and commercial matters.’

‘Highly professional. Prompt responses. Knowledgeable on their expertise.’

Principaux clients

PPT Aviation Services


EOA Larnaca (Larnaca Waterboard)


Larnaca Flourmills Zenon


Local Government Reform organisation


PLANET TAX FREE (CYPRUS)


Principaux dossiers


  • Representing PPT Aviation Services Ltd in a landmark €4m+ tax dispute over retrospective excise duty and VAT on aviation fuel.
  • Advising EOA Larnaca (ex Larnaca Waterboard) in a €6m+ dispute with Hermes Airports on the calculation of water rights taxation for Larnaca International Airport.
  • Advised PLANET TAX FREE (CYPRUS) on challenging changes to Cyprus’s VAT refund regime for tourists.

Michael Kyprianou & Co. LLC

Lambros Soteriou specialises in taxation and finance and immigration and immovable property law, and leads Michael Kyprianou & Co. LLC‘s tax practice alongside Tonia Antoniou. Antoniou is particularly active advising on tax elements of banking and finance transactions, with a clientele which includes major international law firms and banking institutions. Restructurings, transfer pricing matters, redomicilliations and the tax aspects of M&A are key areas of strength for the team, which is additionally capable of advising client in tax disputes before the Cyprus Tax Department and VAT authorities.

Responsables de la pratique:

Lambros Soteriou; Tonia Antoniou


Autres avocats clés:

Ioanna Solomou; Stephanos Ayomamitis; Andria Kouloumi


Les références

‘Deep technical expertise combined with pragmatic, client-centric advice. The team delivers proactive, commercially viable tax solutions.’

‘A collaborative team offering integrated, holistic solutions rather than working in silos.’

‘Exceptional collaboration with strong team spirit and no competitiveness over clients.’

Principaux clients

Premium Access – Palm Beach Hotel


STELIOS AMERICANOS & CO LLC

Stelios Americanos, who is a founding member of STELIOS AMERICANOS & CO LLC, and experienced in international tax planning, structures and transactions, leads the firm’s tax team alongside Andreas Michaelides. Michaelides' practice extends to international tax structures, corporate taxation, and VAT matters. Areas covered by the team include corporate tax mandates, stamp duty matters, personal income tax, social insurance contributions for employers, and Cyprus Double Tax Treaties.

Responsables de la pratique:

Stelios Americanos; Andreas Michaelides


Les références

‘Excellent expertise and efficient handling of the cases.’

Principaux clients

AM. Samothraki Ktimatiki


Revera Legal And Tax Services


Ftl Advisers


Cliff Legal Services


Urvista Legal Law Practise


Asb Consulting Group


Chelsea Group LLC


Forward Legal


Nicosia Mall Holdings


Principaux dossiers


  • Advised G2 Fund AIFLNP V.C.I.C Ltd on a group reorganisation, securing approval from the Tax Authorities and providing guidance on capital gain tax and corporate tax matters.
  • Advised AM. Samothraki Ktimatiki Ltd on capital gain tax matters arising from the disposal of properties.