Cyprus enacted legislation in 2006 to allow the formation of European Public Limited Companies (SEs).
For a company to re-form as an SE in Cyprus, it must be permitted to do so under the law of its existing registration, and must provide the Cyprus Registrar of Companies with documents similar to those required for re-registration within Cyprus. The legal framework within which business must be carried on in the Community will be based on Cyprus law. Furthermore, an SE that markets its securities to the public and to the investment market must comply with national regulations.
Because of the greater degree of separation between their management and their membership, which may number many thousands, public companies are subject to stricter governance, capital maintenance and reporting requirements than private companies.