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  1. 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.

 

 

  1. Legal forms
  • Public and Private Companies, limited by shares
  • Companies limited by guarantee
  • Limited and general liability partnerships
  1. Legal System
  • Cyprus Company Law, Chapter 113, based on the English Companies Act of 1948
  1. 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).
  1. 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

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