Types of Business Structures in Cyprus
One of the most critical decisions you have to make when establishing your business is to select the business structure that best fits your requirements. To determine what structure is be ideal for your business you have to consider the following matters:
- Are you sole owner of the business?
- What extend of personal liability are you willing to accept?
- What kind of professional status do you want to present to the stakeholders?
- This will have a direct impact on business’ ability to obtain finance and attract investors
- How much is your budget to meet the structure’s statutory requirements?
- Legal matters