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 |
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€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 |
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| 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
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| Ownership |
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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 Business Name | Starting a European Company | Starting an Overseas Company |
