Legal Forms and Types for Cyprus Companies
Most common forms of companies:
- Limited Liability Company – a company whose members’ liability is limited by the founding document to the amount, (if any), that has not been paid for the shares they hold respectively; shareholders are registered publicly; the company restricts the right to transfer its shares; limits the number of its members to fifty; prohibits subscription for any shares or debit bonds of the Company by the public. The registration of a private company may be exercised by a single shareholder (a nominee shareholder services may be provided for confidentiality purpose where required);
- Public company – must have 7 or more shareholders and at least 2 directors. The minimum share capital is 25, 630 euros and it must be submitted before the trading certificate is issued.
- Limited by Guarantee Company – a company whose members’ liability is limited by the founding document to the amount that the members wanted to undertake respectively to contribute to the company’s assets in case of its dissolution.
- Branch of a foreign entity – Foreign companies (having established a place of work within the Republic) have the right to open a branch in Cyprus. It is noted that within one month of the establishment a written report along with required under the Companies Law constitutional documents of the Company applying for a branch registration must be submitted to the Registrar of Companies.