Cyprus Companies are governed by the Cyprus Company Law Chapter 113, which is based on English Law.
|Legal System||Common Law|
|Shelf Companies Available||Yes|
|Timescale for new entities||5 working days|
|Minimum Share Capital||€1|
|Minimum Number of Shareholders||1 (natural person or corporate body)|
|Minimum Number of Directors||1 (natural person or corporate body)|
|Registered Office Required||Yes|
|Bearer Shares Available||No|
|Company Secretary Required||Yes|
|Issued Share Capital||Yes|
|Memorandum and Articles of Association||Yes|
|ANNUAL FILING REQUIREMENTS|
|Audited Financial Statements||Yes|
|Annual Filing to Tax Authorities||Yes|
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