Cyprus Company Registration
Business organisations
Cyprus holding company

CYPRUS COMPANY FORMATION: TYPES OF BUSINESS ORGANISATIONS

Cyprus company formation may be different. The following legal forms of business organizations exist in Cyprus:

— Partnership: Two types of partnerships are available in Cyprus. The General partnership where all partners are jointly and severally liable with all the other partners for an unlimited amount for the debts and obligations of the partnership. Limited partnerships are also available where at least one of the partners must have unlimited liability.

— Branch: Cyprus Companies Law provide for the registration in Cyprus of foreign companies under the legal form of a branch. Where the management and control is exercised in Cyprus the profits of the branch will be taxed at the same rate as the international companies i.e. 10%. If the management and control is not in Cyprus the profits of the branches are exempted from all taxes.

— Limited liability company: participants in a limited liability company are the shareholders of the organization, who are only liable for the companies’ debts to the extent of their investment in the shares they have purchased in the company. This is the most common form of business organization in Cyprus.

Cyprus company formation of all types can be done through our Nicosia office.