Cyprus Private Limited Company
Although Cyprus offers a variety of business organization forms, such as several types of companies and partnerships, as well as branches and even trusts, still the most popular entity to create for business is a Cyprus private company limited by shares, or simply Cyprus Ltd. This type of company is sometimes referred to as LLC.
Cyprus companies may engage in virtually any legal business, but must obtain licences for some regulated activities such as banking, insurance, money lending, or investment advice.
A Cyprus company must have a registered office within Cyprus and appoint a secretary, an individual or a company, resident or non-resident. The minimum number of directors and shareholders in a Cyprus private company is one, and there are no legal restrictions as to their nationality or residence, they can also be either individuals or companies. It should be noted, however, that for a company to be treated as Cyprus tax resident and be able to enjoy all the tax benefits, it is advisable to have a Cypriot majority board – thus you can demonstrate that a company is managed and controlled from Cyprus.