+357 25 202 900 info@enwenterprise.com Home About us Services Taxation About Cyprus News & Publications Contact us Sitemap Cyprus Ltd companies > About Cyprus > Cyprus Ltd companies The following categories of companies are recognized by the Cyprus law: Company Limited by shares: The relevant legislation governing the aforementioned legal forms is the Cyprus Companies Law, Cap.113. Most of the IBCs are limited companies and only a small percentage is in the form of branches or partnerships, mainly because their legal status and financial liabilities are limited to the nominal value of the shares owned by the shareholders. In the case that the shares are fully paid then there is no further obligations towards the shareholders. A company limited by guarantee: This is an alternative type of incorporating a company used mainly for non-profit organizations that require corporate status. It does not have a share capital and instead of shareholders, it has members acting as guarantors. They are liable to give the undertaking to contribute a nominal amount towards the winding-up of the company in case the company winds up. Profits are not distributed to its members and may apply for charitable status if necessary. This type of entity is commonly used for clubs, membership organizations, sports associations, and charities. There are two types of companies limited by shares – Public or Private companies: Public Companies Any company whose Articles do not contain the restrictions applicable to private companies is a public company. A public company (plc), according to the Company Law may obtain a listing on the Cyprus Stock Exchange and can offer for sale its shares to the public through a prospectus offering any of its securities for sale to the public. A public company limited by shares has the following requirements: Non-residents may be company subscribers; It must have a minimum of seven shareholders and there is no maximum; Its shares may be offered to the public and are freely transferable; There is no liability upon payment of the shares held; Corporate entities or physical persons may be appointed as secretaries. A minimum of two directors is required and there is no maximum; A company secretary is obligatory; The company is required to have a registered office in Cyprus; Private Companies A private company (ltd) is a company which by its articles restricts the right to transfer its shares, prohibits any public subscription to shares or debentures and limits the number of its members to fifty. Taxation of a Cyprus Company Double Tax Treaties LATEST NEWS Announcement 2/11/2021 Reporting economic substance in British Virgin Islands 2021 Annual Levy extension The Cyprus UBO Registry DMCC (Dubai Multi Commodities Centre) Free Zone ENW ENTERPRISE NETWORK We provide services for individuals, companies, group of companies and High Net Worth Individuals (HNWI) including the incorporation of companies, provision of nominee services, advice on optimal tax structures, effective provision of company administration and accounting, trust, fiduciary and other related services. CONTACT INFO 40 Kimonos Street 3095, Limassol - Cyprus Tel: +357 25 202 900 Fax: +357 25 202 901 Email: info@enwenterprise.com Contact Form / Location © Copyright ENW Enterprise Network Ltd 2021. All rights reserved.