Cyprus Companies
Private Limited Liability Companies
· Distinct legal entity with a separate personality from its owners. It can sue and be sued in its own right
· The liability of owners is limited to the amount of capital they have subscribed
· There can be a minimum 1 director, 1 shareholder and a company secretary. It is possible under CAP 113 to be the same person, legal or natural
Business Branches
· No distinct legal personality and liability remains with the foreign entity
· For accounting purposes is being treated as a separate entity and must account for the profits on a similar basis as limited liability companies
General /Limited Partnership
· In General Partnerships liability remains with the owners/partners and it is unlimited
· Limited Partnerships tend to limit the liability of certain partners
· The partners can be legal entities
· Relationship of partners and management of partnership is regulated by the partnership agreement or if no agreement, then regulated by the Law