YIOLA STAVRAKI
L.L.C.
ADVOCATES

GENERAL INFORMATION ON COMPANIES UNDER THE CYPRUS COMPANIES LAW CAP. 113

In Cyprus, one may establish the following types of companies, as envisaged by the Cyprus Companies Law, Cap. 113:

As to the nature of liability, one may establish a company which is:
  • Limited by shares: the shareholders are liable to contribute to the company only up to the unpaid amount of the shares they hold in the company.

    Or

  • Limited by guarantee: the shareholders are liable to contribute to the company only up to the sum of the guarantee they have made.
As to the relationship between the shareholders and the company, one may establish the following companies:
  • Public company: among other, a Cyprus public company must have at least seven (7) shareholders and at least two (2) directors, a minimum share capital of approximately EURO 26.000,00.

    In contrast to a private company, a public company may offer shares or debentures to the public and may be registered on any stock exchange.

    Or

  • Private company: amongst other, this form of company must have at least one (1) and not more than fifty (50) shareholders (from which current and past employees are exempt), must have at least one (1) director and its shares may not be transferred to other persons. It cannot offer shares to the public for subscription.
All Cyprus companies are registered at the Cyprus Registrar of Companies, where the files of all companies are publicly available for inspection, upon payment of a specified fee.