Cyprus LTD vs pcl

Private Company Limited by Shares is a legal entity within the territory of Cyprus, also known as a limited liability company. Its ownership is of a combined form, which means that the owner and operator of the company can be the same person. The entity requires at least one shareholder and at least one director. Unlike some legal entities in other countries, Private Company Limited by Shares does not need to specify a legal representative, nor does it require a local person to serve as a director. However, the entity still needs to appoint a company secretary. The minimum registered capital is from 1 euro, and no capital verification is required. Private Company Limited by Shares is not allowed to publicly participate in the market, so its shares cannot be publicly issued.