SUMMARY chapter 4 cy

National law – CY – Legal system – module 4

Company law deals with the legal requirements and regulations pertaining to business organizations. Businesses are run according to certain legalities in any country. Same is the case with Cyprus. The laws governing how a public or private company will be run are different. This is because the nature of these companies is different and thus different sets of laws are required to run the same. Under the company law, company formation is done in Cyprus in various ways. Legalities in company law in Cyprus allow formation of various types of companies. The list includes limited partnership companies, general partnership companies and exempt private companies. Company laws that govern these different forms of companies are not same.

Alexander, Natasha, Karl Cherepanya and Igor S Oleynik, Cyprus Business Law Handbook (International Business Publ., 2005)

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