Elias Neocleous & Co LLC
3 Experts
1 Contributions by Elias Neocleous & Co LLC
PRACTICE NOTES
Note—to check whether notification thresholds in Cyprus and across the globe are satisfied, see: Where to Notify.
1. Have there been any recent developments regarding the Cypriot merger control regime and are there any updates/developments expected in the coming year? Are there any other ‘hot’ merger control issues in Cyprus?
Following the passage of 'The Control of Concentrations between Undertakings Law of 2014' (the Merger Control Law), no additional changes have arisen in the Cypriot merger control framework. The Merger Control Law aligns more closely with the EU Merger Regulation (EUMR) and, in particular, introduced a revised definition of a concentration. Consequently, one criterion for determining if a concentration is notifiable is whether there are two or more active participating undertakings in Cyprus.
The updated thresholds under the Merger Control Law require at least two of the undertakings involved in a
Competition
1 Contributions by Elias Neocleous & Co LLC Experts
PRACTICE NOTES
Updated in June 2025
Introduction
Set in the Eastern Mediterranean, Cyprus sits at the meeting point of Europe, Asia and Africa. It is a sovereign, independent republic operating a presidential system, under a written constitution that upholds the rule of law, political stability, human rights and private property.
Cyprus has belonged to the EU since 1 May 2004 and adopted the euro on 1 January 2008. In the run‑up to accession, wide‑ranging structural and economic reforms reshaped the economy, fostering a modern, open and energetic business landscape. Since entry, the island has become a natural gateway for two‑way investment between the EU and global markets, notably the fast‑expanding economies of Russia, Eastern Europe, India and China.
As an international business and financial centre, Cyprus is exceptionally well positioned. Beyond its strategic location, cosmopolitan character and appealing climate, it offers first‑class commercial
Commercial
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