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United Kingdom
Key definition
Constitution definition

What does Constitution mean? In company law practice, a company’s constitution is the rulebook for internal management, member rights and decision-making, relied on in company secretarial work, due diligence, transactions and disputes. England & Wales, Scotland and Northern Ireland: The Companies Act 2006, section 17, defines a company’s constitution as its articles of association and any resolutions and agreements to which Chapter 3 applies (for example, special resolutions, unanimous member agreements and class rights variations). By section 33, the constitution operates as a statutory contract between the company and its members. For companies formed before 1 October 2009, former memorandum of association provisions...

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Cyprus: 2025 business law, tax and regulatory guide for corporate formation, finance, immigration, employment, contracts, competition, banking/AML, funds/capital markets, data protection, IP, property and compliance

Practice notes
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Updated in June 2025

Introduction

Set in the Eastern Mediterranean, Cyprus sits at the meeting point of Europe, Asia and Africa. It is a sovereign, independent republic operating a presidential system, under a written Constitution that upholds the rule of Law, political stability, human rights and private property.

Cyprus has belonged to the EU since 1 May 2004 and adopted the euro on 1 January 2008. In the run‑up to accession, wide‑ranging structural and economic reforms reshaped the economy, fostering a modern, open and energetic business landscape. Since entry, the island has become a natural gateway for two‑way investment between the EU and global markets, notably the fast‑expanding economies of Russia, Eastern Europe, India and China.

As an international business and financial centre, Cyprus is exceptionally well positioned. Beyond its strategic location, cosmopolitan character and appealing climate, it offers first‑class commercial infrastructure, a highly educated, English‑speaking labour force, a business‑friendly regime—especially on taxation—together with an excellent quality of life and low crime levels. The official languages are Greek and Turkish, but English is...

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Elias Neocleous
Elias Neocleous

Elias Neocleous is managing partner of Elias Neocleous & Co LLC, Cyprus's largest law firm. Elias graduated in law from the University of Oxford and is a barrister of the Inner Temple. He was admitted to the Cyprus Bar in 1993. He is fluent in English and Spanish in addition to his native Greek. Elias specialises in taxation, international tax planning, estate planning and trusts. Legal 500 quotes reports from clients describing Elias as a 'consummate professional' who is 'at the top of his game'....

Andrea Kallis Parparinou
Andrea Kallis Parparinou
Elena Christodoulou
Elena Christodoulou
Web page updated on 21/05/2026

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