Cyprus was a British colony until 1960, when the island
became an independent republic. Until independence the legal system
was based on the English legal system. The laws enacted for the
colony applied to Cyprus the principles of common law and equity.
Many of those laws are still in force today
The details presented below derive from the companies
law 'Companies Cap.113' which is the main law for Cypriot
companies
Members (physical person or legal entity) rights and
liabilities
Member's rights are protected by legal system which is based
on UK common law and it was adopted by the public back 19th century
Member's liability is limited to subscribed share capital
(other structures available) Members may be residents or
non-residents of Cyprus Republic A single member may own 100% of
share capital Up to 50 members are allowed for private
companies
