The Cypriot Limited Liability Company
The limited liability company in Cyprus (LTD) is the most popular business form in Cyprus. The majority of the foreign investors choose to set up this business form and it can be established by EU or non-EU citizens.
The limited liability company
must be registered at the Cypriot Registrar of Companies
and the investor will need to prepare and submit certain documents as well as apply for a company name. Our Cypriot company formation experts
can assist you throughout the company incorporation procedure and help you provide the necessary documents and information.
Requirements for a limited liability company in Cyprus
Limited liability companies in Cyprus
can be private or public. There are no applicable requirements for the minimum share capital of a private limited liability in Cyprus. Public limited liability companies need to have a minimum share capital of over 25,000 EUR. The Companies Act
regulates the number of shareholders for these companies:
- at least one member for the private limited liability company and at least seven members for the public LTD;
- a private LTD can have up to 50 members.
The shareholders must provide personal information like nationality, contact details or the number of shares they own in the company. There are no restrictions on the nationality of an individual who wants to form this type of company
The contribution to the company’s share capital
is divided into shares. The total capital of a LTD in Cyprus
is called the Authorized or Nominal capital. The Paid Up capital represents the amount that the shareholders have to pay. The liability of the company members is limited to the nominal value of the fully paid up shares. The contributions can be made in kind or in cash.
Our Cypriot company formation consultants
can help you know more about the attributions of a company director in Cyprus
and the legal requirements for corporate taxation.
Setting up a LTD in Cyprus
The first step when setting up a LTD in Cyprus
is to prepare the required documents. A lawyer in Cyprus
can help you at this stage. The investor then proposes a company name and submits an application for approval with the Companies Registrar. The availability of the name can be checked online. After the name is approved, the investor can start gathering the documents needed to register the company. The following documents will be requested by the Registrar of Companies:
- declaration form;
- declaration form for the registered address;
- details about the company directors and secretary;
- the company’s Articles of Association.
There are various fees associated with the company registration procedure payable to the Registrar of Companies. Additional requirements for a newly established company in Cyprus include opening a bank account
Our company registration representatives in Cyprus can help you open a limited liability company and also give you information about the other types of companies available in the country.