The procedure of company formation in Cyprus includes drafting the articles of association and other documents required for the incorporation of a Cypriot company, such as signatures, passport copies, forms etc. New owners may also need to go to a local public notary, find an office for their company and set up a bank account. A Cypriot accountant may also be required for new business incorporation.Types of companies in CyprusIncorporating a Private Company Limited by Shares (LTD) in Cyprus
This is the most common type of company used in Cyprus and it is founded by one ore more partners, up to 50. The company must have a registered office in Cyprus and a local company secretary. The shareholders subscribe shares, monetary or non monetary, which are given a nominal value and cannot be transferred.
Registering a Public Company Limited by Shares (PLC) in Cyprus The public company limited by shares functions the same as a private company limited by shares, except that shares are freely transferable and there is no restriction as to the maximum number of partners.