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Cyprus: Types of Company

Exempt Private Company

A private company limited by shares is exempt if:

  • No body corporate other than another exempt company holds any of its shares or debentures
  • The number of debenture holders is not more than 50
  • no body corporate is a director of the company.

The main advantages of an exempt private company are:

  • It need not file accounts with its Annual Return
  • It is not subject to the statutory restrictions on loans to directors

 

 

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