Articles

Public Company

Cyprus Public Company

Cyprus Public Company Limited by Shares

Any company registered under the Act whose Articles do not contain the restrictions applicable to private companies is a public company. A public company may obtain a listing on the Cyprus Stock Exchange.

Main Features:

Regulation — Companies Law (Chapter 113)

  • Able to make public share offerings
  • Incorporated with 7 members minimum
  • Limited by shares
  • Memorandum can be specially worded by special resolution to make the liability of directors and managers unlimited
  • Can take the form of a ‘Company limited by guarantee’ if liability of members is limited to the amount that each member intends to contribute to the company’s assets if the company is liquidated
  • Subscribers unable to take less than one share
  • Must have no less than 2 directors
  • Secretary required and unable to be director as well
  • Must keep share register and register of directors and secretaries at registered office
  • Memorandum can be specially worded by special resolution to make the liability of directors and managers unlimited
  • Must submit annual returns