The private company is the most common business vehicle in Cyprus. A private company must have at least one shareholder and cannot have more than 50 members. It also only requires a minimum of one director to be appointed, and does not limit the maximum number of directors. The transfer of shares must be restricted. A private company cannot invite the public to subscribe for its shares. There is no requirement for a minimum issued share capital, although there should be at least one share in issue.
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