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Department of Registrar of Companies and Official Receiver
Home  /  Business Entities  /  Choosing the right type of Business Entity
Choosing the right type of Business Entity icon

Choosing the right type of Business Entity

You wish to start your business activity in the Republic of Cyprus? Below you will find a comparative table containing basic information regarding with the different types of business entities that you may choose from, depending on the purposes and circumstances of your business.

   Company  Partnership  Business Name  European Company Place of Business of an Overseas Company 
Registration Cost
  • €165 in the case of a company with share capital or
  • €235 in the case of a company with no share capital
€120 €80 depending on the type of incorporation (new, holding or subsidiary) it ranges from €20 to €145 €380
Personal Liability limited liability of company members  unlimited liability of general partners (jointly liable for debts and obligations of partnership) and up to the amount they have contributed as capital of the partnership or property for the limited partners unlimited liability of the owner of a business name limited liability of company members depending on the legislation and the regulations of the  country of incorporation
Obligations after registration 
  • filing of Annual Report,
  • payment of annual fee of €350,
  • updating company’s register with regards to any changes to the company's particulars
  • notify the Registrar of any changes to the particulars of the partnership,
  • filing of annual report (in case a partner is a company)
  • notify the Registrar of any changes to the particulars of the business name 
  • filing of Annual Report,
  • payment of annual fee of €350,
  • notify the Registrar of any changes to the company's particulars
  • filing of financial statements,
  • payment of annual fee of €350,
  • notify the Registrar of any changes to the particulars of the company's place of business 
Management the board of directors of the company one or a combination of partners comprising it, as from time to time agreed between them

business name owner the administrative body in the case of a one-tier system or the management/ supervisory body in the case of a two-tier system

 

the board of directors and/or the authorised person representing the overseas company in the Republic of Cyprus

 

Ownership             
  • up to 50 members for a private company,
  • unlimited number of members for a public company
up to 100 partners one owner  unlimited number of members depending on the legislation and the regulations of the country of incorporation
 Taxation 12,5% on the company’s revenues  not subject to taxation not subject to taxation 12,5% on the European company’s revenues 12,5% on the revenues of the place of business of the overseas company
 

Starting a Company  

Starting a Partnership                      

Starting a Business Name                         Starting a European Company    Starting an Overseas Company                                                                
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