Can one person own and run a Cyprus company?
Short answer
Yes. A private company can be formed by one person, who can be its only shareholder and its only director, and in that case also its secretary; the Registrar's upper limit for a private company is 50 members.
The Companies Law, Cap. 113 allows one or more persons to form a private company. In a private company with a single member, the sole director may also act as secretary; in any other company the sole director cannot.
One formality follows: contracts between the single member and the company are recorded in minutes or set out in writing, unless they are ordinary transactions in the normal course of business.
A bank or a permit route may still prefer a second person in the company, which is a practical point, not a requirement of company law. We set it out before you decide.
Sources
- Companies Law, Cap. 113, consolidated text (CyLaw) cylaw.org
- Registrar of Companies: members and share capital companies.gov.cy
- Registrar of Companies: directors and secretary companies.gov.cy
Information, not advice. This answer describes the published position as it stands on 15 October 2026. Requirements, fees and processing times set by the authorities change from time to time; the current position is confirmed before any work starts.
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