Public Company in Cyprus

A public company must have at least seven shareholders. The shares are freely transferable and available to public subscription. A public limited company requires at least two directors and must also register its memorandum and articles of association with the Cyprus Registrar of Companies. The minimum authorised share capital is €25,629, which must be fully paid up before the company initiates its business or exercises its borrowing powers.

The Cyprus Companies Law Cap. 113 offers a number of corporate vehicles:

• Company limited by shares
• Company limited by guarantee not authorised to issue shares
• Company limited by guarantee and authorised to issue shares