Foreign companies which may also establish a branch and representative offices, as well as subsidiaries to operate as extensions of the parent company. In this way, the client may establish a full substance and has the right to employ non-European citizens as an employee as well.
There are two types of partnerships accessible for registration in Cyprus which are the general and the limited partnership, which are not considered to be unconnected business entities from their owners. Both types require a minimum number of participants to be two and a maximum number of 20.
Company limited by guarantee (Clog) is a type of corporation used primarily (but not exclusively) for non-profit organizations that require legal personality.
A company limited by guarantee does not usually have a share capital or shareholders, but instead, there are members who act as guarantors of the company’s liabilities: each member undertakes to contribute an amount specified in the articles (typically very small) in the event of the insolvent winding up of the company.
This type is recommended to be used as a family foundation as well.