Setting up and maintaining a Cyprus company [2019]
The word Company has no strictly legal meaning. It is clear however that in legal theory the term implies an association of a
number of people for some common object or objects. In common business language the word Company is normally reserved
for those associated for economic purposes, i.e. to carry on a business for gain. The Companies Law generally allows one or more
persons to form a company for any lawful purpose by subscribing to its memorandum of association.