Public Company Limited by Shares

Cyprus PLC

Public Company Limited by Shares is a legal entity, whose full name is Public Company Limited by Shares. It belongs to the country/region of Cyprus, with ownership being consolidated and having limited liability. This entity can participate in the market publicly, with at least seven members and two directors. Unlike other legal entities, Public Company Limited by Shares does not need to designate a legal representative or have a local person serve as a director. However, it still requires a company secretary. The minimum registered capital is 25,629 euros where shares are offered for subscription.

Published 2024-04-09 · Updated 2026-09-29

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Cyprus

Cyprus PLC Legal Entity Brief

Published 2024-04-09 · Updated 2026-09-29

Cyprus PLC Basic Information

Ownership:

Consolidated Ownership

Limited Liability:

Positive

Publicly Participates In Capital Market:

Positive

Cyprus PLC Shareholder / Director / Secretary Requirements

Requirements For Shareholders:

At least seven

Requirements For Directors:

At least two

Legal Representative Not Mandatory:

Positive

Local Directors Not Mandatory:

See Memo

Local Secretaries Not Mandatory:

See Memo

Cyprus PLC Registered Capital Requirement

Minimum Registered Capital Requirement:

25,629 euros where shares are offered for subscription

Capital Injection Not Required:

Negative

Capital Injection Requirement:

Shares issued for cash must be paid up by the time the commencement-of-business certificate is issued; the application (form HE9) needs a bank's certificate that the minimum capital is paid.

Cyprus PLC Memo

Memo:

The registration of a Cyprus company does not mandate the appointment of a local nominee secretary or nominee director. A company can be incorporated even if no one is based in Cyprus; in practice, it may meet problems later, including but not limited to unsuccessful bank account openings and ineligibility to benefit from the 15% corporate tax rate.

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