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Offshore Company Registration
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PARTNERSHIP AND BUSINESS NAMES

Chapter 116

Partnership and Business Name Law Chapter 116 also provides for two general types of partnerships:

  1. General Partnership
  2. Limited partnership

Offshore partnerships enjoy all the advantages extended to offshore companies.

General Partnership

In the general partnership every partner is liable jointly and severally with all the other partners for an unlimited amount for the debts and obligations of the partnership.

Limited Partnership

The limited partnership is a partnership in which at least one of the partners must have unlimited liability for the debts and obligations of the partnership, whereas the remaining partners may have limited liability. Limited liability companies may also be partner in a limited partnership, as the partner with unlimited liability, thereby limiting the liability of the general partner.

Registration

The procedure of registration of a partnership is as follows:

  • securing the partnership name
  • preparing the partnership contract
  • filing with the Registrar of companies a special form in which certain information is given as to the names, addresses, description of the partners, the unlimited or limited liability of each partner, the duration of the partnership, the person authorised to sign and bind the company etc
  • filing copy of the exchange control approval for the non-resident partners
  • payment of the registration fees

Branches

Sections 347 of Cap 113 provides for the registration in Cyprus of foreign companies under the legal form of a branch.

Any foreign company may register in Cyprus a branch under Section 347 of the Companies Law Chapter 113. The procedure followed is identical to that of the United Kingdom.

To register a branch the following documents, duly translated into Greek are needed:

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