<SEC-DOCUMENT>0001607023-14-000002.txt : 20140502
<SEC-HEADER>0001607023-14-000002.hdr.sgml : 20140502
<ACCEPTANCE-DATETIME>20140502174851
ACCESSION NUMBER:		0001607023-14-000002
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20140421
FILED AS OF DATE:		20140502
DATE AS OF CHANGE:		20140502

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Net Element, Inc.
		CENTRAL INDEX KEY:			0001499961
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
		IRS NUMBER:				901025599
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		3363 NE 163RD STREET
		STREET 2:		SUITE 705
		CITY:			NORTH MIAMI BEACH
		STATE:			FL
		ZIP:			33160
		BUSINESS PHONE:		(305) 507-8808

	MAIL ADDRESS:	
		STREET 1:		3363 NE 163RD STREET
		STREET 2:		SUITE 705
		CITY:			NORTH MIAMI BEACH
		STATE:			FL
		ZIP:			33160

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Net Element International, Inc.
		DATE OF NAME CHANGE:	20121002

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Cazador Acquisition Corp Ltd.
		DATE OF NAME CHANGE:	20100825

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Cayman Invest S.A.
		CENTRAL INDEX KEY:			0001607023
		STATE OF INCORPORATION:			D8
		FISCAL YEAR END:			1214

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34887
		FILM NUMBER:		14810735

	BUSINESS ADDRESS:	
		STREET 1:		3A LITTLE DENMARK COMPLEX
		STREET 2:		147 MAIN STREET P.O. BOX 4473
		CITY:			ROAD TOWN, TORTOLA
		STATE:			D8
		ZIP:			VG 1110
		BUSINESS PHONE:		7 916 664 1310

	MAIL ADDRESS:	
		STREET 1:		3A LITTLE DENMARK COMPLEX
		STREET 2:		147 MAIN STREET P.O. BOX 4473
		CITY:			ROAD TOWN, TORTOLA
		STATE:			D8
		ZIP:			VG 1110
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2014-04-21</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001499961</issuerCik>
        <issuerName>Net Element, Inc.</issuerName>
        <issuerTradingSymbol>NETE</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001607023</rptOwnerCik>
            <rptOwnerName>Cayman Invest S.A.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>3A LITTLE DENMARK COMPLEX</rptOwnerStreet1>
            <rptOwnerStreet2>147 MAIN STREET P.O. BOX 4473</rptOwnerStreet2>
            <rptOwnerCity>ROAD TOWN, TORTOLA</rptOwnerCity>
            <rptOwnerState>D8</rptOwnerState>
            <rptOwnerZipCode>VG 1110</rptOwnerZipCode>
            <rptOwnerStateDescription>VIRGIN ISLANDS, BRITISH</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Secured Convertible Senior Promissory Note</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2014-04-21</value>
            </exerciseDate>
            <expirationDate>
                <value>2015-03-15</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>4840995</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">This security is convertible by the holder at any time into shares of Common Stock equal to 15% of the then outstanding Common Stock.  In addition, this security will automatically convert into shares of Common Stock immediately upon the closing of a financing in which Net Element, Inc. receives at least $10,000,000.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Cayman Invest S.A., By: /s/ Anvar Mametov, Authorized Signatory</signatureName>
        <signatureDate>2014-04-24</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
