types of companies in cyprus
TRANSCRIPT
Types of Companies in Cyprus
A presentation brought to you by our company formation experts in Cyprus
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Opening a Company in Cyprus
• When a foreign investor wants to set up a company in Cyprus, he must decide upon the type of company that best suits his interests.
• There are several types of companies accepted by the Cyprus companies law and each has its own particularities and advantages.
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How to Choose the Right Type of Cypriot Company
• The most suitable legal form depends on the investor’s budget, the type of business he wishes to develop and the future goals for the expansion of the company.
• One of our company registration specialists in Cyprus can help you make this decision and offer you adequate support during the incorporation procedure.
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Types of Companies in Cyprus
• The types of companies available in Cyprus are the following:
Private Company Limited by Shares
Public Company Limited by Shares
Company Limited by Guarantee
Partnership
Sole Proprietorship
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Private Company Limited by Shares in Cyprus
• This type of company is the most popular in Cyprus. There are no minimum share capital requirements and the company can be have between one and 50 shareholders.
• The private company limited by shares has restrictions regarding the right to transfer shares.
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Public Company Limited by Shares in Cyprus
• A public company limited by shares in Cyprus is quite similar to the private one. The difference is that the shares are freely transferable and there are no restrictions on the number of shareholders.
• This company can be listed on the Cyprus Stock Exchange. This company can have larger set-up costs.
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Company Limited by Guarantee in Cyprus
• The company limited by guarantee is usually formed for charitable or non-profit purposes.
• It has a similar share structure, like the other Cypriot companies and must also observe the provisions of the Companies Law.
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The Cypriot Partnership
• Partnerships are formed by two or more partners who want to invest in Cyprus.
• The limited partnership has general partners with unlimited liability and limited partners who are only liable to the extent of their invested assets.
• General partnerships in Cyprus can have between 2 and 20 members and they are all liable for the debts and actions of the business.
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The Sole Proprietorship in Cyprus
• The sole proprietorship is the simplest business form in Cyprus. It is owned by a single individual who has full liability.
• The sole proprietorship has to be registered with the Registrar of Partnerships.
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Other Business Options in Cyprus
• Foreign companies can establish their presence in the country by opening a branch in Cyprus.
• Investors can also open a trust in Cyprus to perform various financial operations.
• Our Cypriot company formation specialists can help you with detailed information about the types of companies and any other matters related to doing business in the country.
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Thank You for Your Attention!
For more information please contact us at: (+44)203-287 0408 (for international clients)
http://www.opencompanycyprus.com/11