Starting a business in Cyprus
Legal Forms of Companies
- Limited liability company or LLC
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Number of partners: Minimum 1 shareholder and Maximum 50 shareholders.
Capital (max/min): No minimum capital required.
Shareholders and liability: The responsibility of the associate member is limited to the amount contributed to the total capital.
- Public company limited by shares or PLC
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Number of partners: At least 7 partners.
Capital (max/min): For public limited liability company whose shared are offered for subscription the minimum capital is approx. EUR 25,630.
Shareholders and liability: The responsibility of the associate member is limited to the amount contributed to the total capital.
- General Partnership
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Number of partners: Minimum 2 and maximum 20 associate members.
Capital (max/min): No minimum capital required.
Shareholders and liability: Each associate member is personally and indefinitely responsible for the debts and obligations of the company.
- Limited Partnership
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Number of partners: At least one general partner with no limitation on the number of partners.
Capital (max/min): No minimum capital required.
Shareholders and liability: At least one of the associate members is personally and indefinitely responsible for the debts and obligations of the company, the other members' responsibility being limited in nature.
Professional Associations
- General Professional Associations
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OEB - Cyprus Employers and Industrialists Federation
OEB - Cyprus Employers & Industrialists Federation
CIBA - The Cyprus International Businesses Association
To go further, check out our service Professional associations.
Business Setup Procedures
Setting Up a Company |
Cyprus |
Eastern Europe & Central Asia |
Procedures (number) |
5.0 |
5.3 |
Time (days) |
6.0 |
11.8 |
Source: Doing Business - Latest available data.
- The Competent Organisation
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The competent organization is the Registrar of Companies.
- For Further Information
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Consult Doing Business Website, to know about procedures to start a Business in Cyprus.
Trade Register
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Latest Update: May 2023