The law of corporations in Cyprus is primary guided by the Cyprus Companies Law, Cap. 113. The Law bears many similarities with the Companies Act 1948 of England.
A private company in Cyprus is one which has a limit of 50 members, has restrictions on share transfers and restricts issuing of shares to the public. Any organization registered under the Law, whose Articles do not carry the limitations applicable to private companies is considered to be a public company.
Single member companies, that being, companies with a sole director/owner, were introduced by the Companies (Amendment) Law of 2000 (Law 2(I)/2000). These companies which have only one owner or partner has to follow additional regulations specified in the Companies Law.
The law of corporations in Cyprus is primary guided by the Cyprus Companies Law, Cap. 113. The Law bears many similarities with the Companies Act 1948 of England.
A private company in Cyprus is one which has a limit of 50 members, has restrictions on share transfers and restricts issuing of shares to the public. Any organization registered under the Law, whose Articles do not carry the limitations applicable to private companies is considered to be a public company.
Single member companies, that being, companies with a sole director/owner, were introduced by the Companies (Amendment) Law of 2000 (Law 2(I)/2000). These companies which have only one owner or partner has to follow additional regulations specified in the Companies Law.
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