Legal entity types in Cyprus compared
Our team is experienced in helping entrepreneurs like yourself navigate the complexities of Cyprus’s business structures. We offer a range of services to help you select the best structure for your business and ensure compliance with all regulations. Let’s examine the different business structures in Cyprus and discuss how we can support you in establishing your business in this flourishing European country.
Legal entities in Cyprus
Here is a summary of the most commonly used legal structures in Cyprus:
| Entity | Local name | Min. share capital | Management | Incorporation time (approx.) |
|---|---|---|---|---|
| Private Limited Liability Company | Ιδιωτική Εταιρεία Περιορισμένης Ευθύνης | € 1000 | Directors | 14 days |
| Public Limited Liability Company | Δημόσια Εταιρεία Περιορισμένης Ευθύνης | € 25650 | Board of directors | 20 days |
| Limited liability company by guarantee without share capital | Εταιρεία Περιορισμένης Ευθύνης με Εγγύηση χωρίς Μετοχικό Κεφάλαιο | € 0 | Directors | 21 days |
| Limited Liability Company by guarantee with share capital | Εταιρεία περιορισμένης ευθύνης με εγγύηση και με μετοχικό κεφάλαιο | Not specified | Directors | 21 days |
| Branch Office | – | – | Branch manager | 15 days |
| Holding Company | – | – | Board of directors | 10 days |
Public Limited Liability Company (Δημόσια Εταιρεία Περιορισμένης Ευθύνης)
The Public Limited Liability Company is a popular option for businesses in Cyprus due to its easy registration process and adaptability, making it a suitable choice for entrepreneurs. We are prepared to assist you in establishing this type of company in Cyprus.
Private Limited Liability Company (Ιδιωτική Εταιρεία Περιορισμένης Ευθύνης)
Many small and medium-sized businesses in Cyprus opt for the Private Limited Liability Company. This type of company requires a minimum capital of €1,000 and allows for flexibility in share transfers. It also offers the opportunity to raise capital through private offerings. Our team is available to help you with the registration of your Private Limited Liability Company in Cyprus.
Limited liability company by guarantee without share capital (Εταιρεία Περιορισμένης Ευθύνης με Εγγύηση χωρίς Μετοχικό Κεφάλαιο)
The Limited Liability Company by Guarantee without Share Capital is a popular option for non-profit organizations and associations in Cyprus. This structure offers members limited liability and permits activities to be carried out without the need for share capital. We are prepared to assist you in establishing this type of company in Cyprus.
Limited Liability Company by guarantee with share capital (Εταιρεία περιορισμένης ευθύνης με εγγύηση και με μετοχικό κεφάλαιο)
Non-profit organizations and associations in Cyprus often opt for the Limited Liability Company by guarantee with share capital. This type of company provides its members with limited liability and permits activities involving share capital. Our team is ready to help you with the registration of your Limited Liability Company by guarantee with share capital in Cyprus.
Branch Office
A branch office is a branch of a parent company, enabling it to operate in a different place while keeping its original legal status. Setting up a branch office in Cyprus can be beneficial for companies wanting to grow their business in the country without having to establish a new legal entity. By operating as a branch, the parent company can make use of its current brand reputation and resources while accessing new markets. We provide full assistance in navigating the complexities of establishing and running a branch office in Cyprus, guaranteeing a seamless and compliant entry into the market.
Holding Company
A holding company is commonly used to control other companies by owning their shares. In Cyprus, setting up a holding company can provide centralized management, risk diversification, and tax advantages. By organizing your business as a holding company, you can effectively oversee multiple subsidiaries, simplify decision-making, and enhance tax planning. Our experienced team offers personalized support to assist you in establishing and running a holding company in Cyprus, ensuring adherence to regulations and maximizing the potential of your corporate structure.
Requirements for starting the business
Let’s examine the necessary prerequisites for initiating any form of business entity in Cyprus and how our committed team will assist you throughout the entire process.
Minimum share capital
The minimum share capital required for setting up a business in Cyprus varies depending on the chosen business structure. Our experts will help you calculate the minimum share capital required for your business, regardless of its corporate type. We will collaborate with you to ensure that you meet regulatory requirements while making the most of your financial resources.
Directors and shareholders
In Cyprus, every company must appoint directors and shareholders. Our experts provide valuable guidance in selecting appropriate directors to ensure the company benefits from their expertise and aligns with your future goals.
Legal duties and obedience
It is important to stay current on obligations such as “registration with the relevant authorities” and ongoing reporting and tax requirements. Our legal team manages administrative tasks to ensure full compliance, allowing you to concentrate on core operations as we handle the paperwork.
Book a consultation
The team will carefully analyze your objectives, sector, and obstacles to offer tailored support during the formation of your business. Our expertise and commitment ensure a smooth and trouble-free process in creating a successful company in Cyprus. Do not let the challenges of starting a business in Cyprus hinder your success. Trust us to assist your firm in reaching its full potential. Kickstart your path to success by contacting us today. Simply complete and submit the inquiry form provided below, and our experts will reach out to you.