Starting a business in Cyprus

Legal Forms of Companies

Limited liability company or LLC

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

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

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

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.

Business Setup Procedures

Source: Doing Business - Latest available data.