- Corporate Information
Shares and Corporate Governance
| Minimum number of directors: | One |
| Nationality requirements for directors: | None |
| Corporate directors permitted: | Yes |
| Minimum number of shareholders: | One |
| Maximum number of shareholders: | Fifty |
| Nationality restrictions on shareholders: | None |
| Company secretary required: | Yes |
| Registered office: | Yes, in Cyprus |
| Corporate Company Secretary permitted: |
Yes |
| Minimum authorized share capital: | €1.000 |
| Minimum paid up share capital: | €1 |
| Capital duty on issued share capital: | 0.6% of the nominal value of shares issued |
| Audited accounts: | Required by law for all Companies |
Public Disclosure (with Registrar of Companies)
| Directors’ names: |
Yes |
| Shareholders’ names: | Only registered shareholders are disclosed (Note: where nominee shareholders are used, details of the ultimate beneficiary owner are not disclosed to Cyprus government authorities. |
- Legal forms
- Public and Private Companies, limited by shares
- Companies limited by guarantee
- Limited and general liability partnerships
- Legal System
- Cyprus Company Law, Chapter 113, based on the English Companies Act of 1948
- Government Charges and Fees
- Annual Levy: €350
- Companies Registry Initial Registration Fee: Flat fee of €102 plus capital duty of 0.6% of the nominal value of the authorized share capital (usually minimized by using low issued capital and high share premium).
- Formation Procedures for a Cypriot Private Limited Liability Company
- Name: Can be done online, but formal approval is required before a name can be given.
- Formation: Memorandum and Articles of Association in Greek are drafted by a Cypriot Lawyer, signed by one or more subscribers in duplicate, submitted to the Registrar of Companies together with an English translation where necessary.
- Time span for forming New Companies: Less than 5 business days