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The Essentials of Company Law: Setting Up a Company in Cyprus

The Essentials of Company Law: Setting Up a Company in Cyprus

  • 20% Discount Across All Autumn 2026 Programmes | Register by 4 September 2026

Dates

  • December 2026
      to   (2 sessions)
    Delivered Online
    €150 - €270
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Highlights

  • Live Online

  • 6 CPD Units | 6 Hours

  • HRDA Subsidised


The EIMF Live Online Learning Experience

Participants will receive access to the recorded sessions of the course.

EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. Read more


Course Overview

As a full member of the European Union, Cyprus remains a safe and popular destination for investment due to the significant tax benefits that Cyprus offers. This is also the reason why the registration of Cyprus companies is on the A list of foreign and local businessmen.

Prospects are immense, and one must understand the best way to tap into these opportunities. This programme will cover the A-Z of setting up, and maintaining a Company in Cyprus. It will describe the types of companies that may be registered and the elements which distinguish them from each other.


Training Objectives

By the end of the programme, participants:

  • Be able to explain the concept of a company

  • Recognise the advantages

  • Recognise the different types of companies

  • Know the procedure of incorporation of a company

  • Know the basics regarding the registers a company must keep

  • Know the obligations a company has towards the Registrar of Companies and different kinds of forms that must be submitted


Training Outline

Company Formation

  • Doctrine of incorporation – the separate legal personality

  • Types of Companies under the Companies Law

  • Company promoters

  • Procedures of a local company (HE) incorporation

  • Conversion of a private company into public

  • Capacity of a company and pre-incorporation contracts

  • Company and sole trader

  • Company and partnerships

Company Law (Statutory Books, Records, and Return)

  • The registers that a company must keep

  • Other statutory obligations / records / returns

  • Recent reform: cross-border conversions and redomiciliations under the Companies Law (No.3) of 2024 (transposing EU Directive 2019/2121)

  • Company Law (Constitution of a Company)

  • Memorandum and Articles of Association

– Company name

Situation of the address of Registered Office

  • Objects clause

  • Limited liability clause

  • Capital clause

  • Types of shares/classes of shares

  • Variation of class rights

  • Transfer of shares

  • Declaration of association

  • Articles of Association (”ARTICLES”)


Who Should Attend

  • Lawyers

  • Directors and Secretaries

  • Corporate Administrators

  • Service Providers

  • Compliance Officers

  • Compliance Assistance

  • Anyone wanting to become familiar with the basics of Companies Law in Cyprus


Training Style

The programme is designed to deliver knowledge and enhance participants’ skills via short lectures, case-studies, practical examples, real-life simulations. Participants will be able to engage in discussions surrounding the principles of Companies law and understand all the practical knowledge needed to register a company and be able to transfer this knowhow to the workplace.


CPD Recognition

This programme may be approved for up to 6 CPD units in Law. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

The course has been approved and verified by the Cyprus Bar Association (CyBAR). The Summary of CyBAR’s Updated CPD Guidelines Based on the Operational Framework of the Cyprus Bar Association (CBA) Academy can be found here.


In-house Training

For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.


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Frequently Asked Questions

  • When will I receive my invoice?

    The invoice is issued on the day the course starts.

  • What payment methods are accepted?

    Payments can be made by bank transfer, cheque, or credit card.

  • When will my certificate be issued?

    Certificates are issued within 7–10 days after the course has been completed, provided that the invoice has been paid.

  • How can I access my certificate?

    Once your certificate has been issued, you will receive an automated email from Cademy notifying you that it is available.

    Click the Get Your Certificate button in the email to download your certificate.

    You can also access it from your Cademy account:

    1. Log in to your Cademy account from https://cademy.io
    2. Click on My Account from the top-right corner.
    3. From the drop-down menu select My Courses and Bookings.
    4. Choose the relevant course.
    5. Under Participants, click the three dots located next to your name. 
    6. Select Get Certificate.
  • Where can I access the course material?

    To access the course materials, such as presentations and recordings:

    1. Log in to your Cademy account from https://cademy.io
    2. Click on My Account from the top-right corner.
    3. From the drop-down menu select My Courses and Bookings.
    4. Choose the relevant course.
    5. Under Extra Details, you will find all the available course materials.
  • What is the HRDA?

    The Human Resource Development Authority (HRDA) of Cyprus is a semi-government governmental organisation that supports the development of workforce skills through training and development initiatives. Eligible training programmes approved by the HRDA may qualify for a subsidy, reducing the participation cost for eligible organisations and individuals, subject to the HRDA's terms and conditions.

  • Who is eligible for the HRDA subsidy?

    The HRDA subsidy is available to:

    • Companies registered in Cyprus that are applying for their employees.
    • Unemployed individuals who meet the eligibility requirements (see the FAQ below for required documents).
    • Self-employed individuals registered as self-employed in their ERMIS profile.

    To receive the subsidy, eligible persons must attend at least 75% of the course. 

  • What is ERMIS?

    ERMIS is the online platform of the Human Resource Development Authority (HRDA) of Cyprus, used for managing training programme registrations, participant details, subsidy applications, and attendance records. All participants attending HRDA-approved courses must have an ERMIS profile and use the platform’s attendance register to check in and check out during each course session. https://ermis.anad.org.cy/

  • What is the process for attending an HRDA-approved course?

    To attend an HRDA-approved course, you must:

    1. Register for the course through the EIMF website.
    2. Create the necessary ERMIS profile(s).
    3. Register for the course through ERMIS.
    4. Complete any additional HRDA requirements if you are applying for the subsidy as an unemployed or self-employed individual.
    5. Log onto ERMIS and check in through the relevant attendance register when you join the course session and check out when you leave each course session.

    See the FAQs below for detailed instructions.

  • Is an ERMIS profile required?

    Yes. ALL participants attending HRDA-approved courses must have an ERMIS profile, whether applying for the subsidy or not.

    • Companies applying for the HRDA subsidy for their employees:
    1. The company must have an ERMIS profile as a Legal Entity.
    2. The company must have their Employer role approved on the ERMIS system.
    3. Each participating employee, as well as a company authorised person and the company’s director, must have an ERMIS profile as a Natural Person
    4. The employees' and representatives’ profiles must be linked to the company's ERMIS profile.
    • All Individuals
    1. Must have an ERMIS profile as a Natural Person.

    You can create or access your ERMIS profile here: https://ermis.anad.org.cy/

  • How do I register for an HRDA-approved course through ERMIS?

    After booking your course through the EIMF website, you must also register through ERMIS, provided that the required profile(s) have already been created.

    • If you are registering as an individual:

    You must register through your personal ERMIS profile.

    • If a company is applying for the HRDA subsidy for its employees:
    1. Registration must be completed through the company’s ERMIS profile.
    2. The company profile used for registration must match the payroll company where each participant is employed.

    For example: If your organisation includes multiple companies, make sure each participant is registered under the correct company profile.

    Around one week before the course starts (or immediately after booking if you register less than one week before the course), we will email you the HRDA course details and instructions on how to complete your ERMIS registration.

  • What documents do unemployed individuals need to apply for the HRDA subsidy?

    When registering for the course through ERMIS, you must upload both of the following documents obtained from the Public Employment Service:

    1. A referral for participation in HRDA Multicompany courses (Παραπεμπτικό για Πολυεπιχειρησιακά Προγράμματα της ΑνΑΔ).
    2. An ES19 form confirming that you were unemployed from at least the course start date.
  • What do self-employed individuals need to do to apply for the HRDA subsidy?

    You must update your ERMIS profile:

    1. Log in to your ERMIS profile and select the Self-employed role from the available roles.
    2. Complete and submit the request.
    3. Once your request has been approved, you can register for courses and apply for the HRDA subsidy as a self-employed individual.

    When submitting your request, you must upload one of the following:

    1. A confirmation letter from the Social Insurance Services confirming acceptance of your registration as a self-employed person.
    2. A Confirmation letter from the Social Insurance Services confirming your self-employed status.
    3. Proof of payment of Social Insurance contributions for the most recent quarter (available through SISnet). 
  • Is the check-in and check-out process in ERMIS mandatory?

    Yes. All participants must log onto the ERMIS system and check onto the attendance register when they join a course session and check out when they leave a course session, as HRDA records attendance.

    To receive the subsidy, eligible persons must attend at least 75% of the course. Check-ins and check-outs reflect actual attendance.
     

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