What are the types of companies in Cyprus?
There are various types of companies in Cyprus. These:
1. Limited Company (Ltd. Şti.): The most common type of company. It can be established by at least two partners and its capital can be divided. The liability of partners is limited to the capital they invested.
2. Joint Stock Company (A.Ş.): It can be established by at least one partner and its capital can be divided into shares. The liability of partners is limited to the capital they invested. A.Ş.'s may be public or closed. 3rd Party Company: Established by at least one real person. All debts of the company are limited to the personal assets of the partner.
4. Limited Company: It is established by at least one limited partner (limited liability) and at least one limited partner (unlimited liability). While limited partners have limited liability for the capital they invest, limited partners have unlimited liability for the company's debts.
5. Cooperative: It is an enterprise established to meet the economic and social needs of its partners. Partners receive equal dividends and make decisions democratically.
6. Foreign Company Branch: It is a branch opened by a foreign company to operate in Cyprus. The operations of the branch are subject to the foreign company's policies and guidelines. Which of these company types to choose varies depending on the company's field of activity, size, capital requirements and other factors. Therefore, those who want to establish a company are recommended to consult with a lawyer or consultant to determine the most suitable company type.
What are the types of companies in Cyprus?
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