Limited Liability Company by guarantee without share capital in Cyprus
This type of company does not have a share capital, and its members act as guarantors instead of stockholders. The memorandum of association limits the members’ liability to the amount each member committed to contributing to the company’s assets in the event of dissolution.
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Limited Liability Company by guarantee without share capital registration conditions
A limited corporation must have at least one director, as well as a registered office in Cyprus. There is no requirement for minimum share capital, and a limited company can be a single-member corporation, with the only director and secretary being the same person.
Timeline
The registration process takes 6-8 working days to complete from the moment the application is submitted.
Fees
A set annual levy of €350 must be paid to the registrar by all firms incorporated in Cyprus.
Compulsory regulation
In Cyprus, all businesses must have at least one director and one secretary. While in the case of the secretary, the person or firm nominated to fill this position must be a Cyprus resident, in the case of the director, there are some differences.
The individual appointed as a company director might be of any nationality, but his or her residency will decide the Cyprus limited liability company’s tax residency. In other words, the LTD will be regarded as a Cyprus tax resident firm if it has a Cypriot resident director.
Documents
To complete your registration, you’ll need the following documents:
- the name approval of the business,
- the company’s goals,
- proof of residency is required in the form of a utility bill or bank statement,
- the articles of incorporation,
- shareholders and directors must supply a copy of their driver’s license or passport.
Our legal team is available to assist you in preparing your documents.
Consultation about Limited liability company by guarantee without share capital registration
We offer consultation services for Limited liability company by guarantee without share capital registration to assist you in every aspect of starting your business in Cyprus. Starting from the preparation of initial documents to securing the required permits and registrations, our knowledgeable advisors facilitate a seamless and effective process. We offer tailored advice on legal obligations, share capital, and corporate structure to empower you to make well-informed choices that support your business objectives.
Ownership management
Overseeing the ownership of a Limited liability company by guarantee that does not have share capital is a complicated yet essential responsibility. Our services encompass managing ownership alterations, dealing with beneficial owners, and supervising ownership transfers. We make certain that all changes in ownership are accurately recorded and adhere to the most current regulations.
Corporate structure changes
As your business grows, your corporate structure may also need to adapt. If you require modifications to directors, updates to nominee details, or other structural changes, we offer a full range of services to ensure these transitions are handled smoothly and effectively.
Share capital management
The administration of share capital is essential for the financial well-being of your company. We provide services designed to assist you in increasing, reducing, selling, and transferring share capital, ensuring that every transaction is executed correctly and complies with legal regulations.
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