Cyprus company with 5 owners, possible?

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I think its the same whether its a real person or a shareholding company. Since its 5 person or part, it should be divided equally. But if its you who handle most of the work, I think your share should be higher than the other 4. Just my humble opinion.
 
I imagined there must be provisions to do so. Thanks to admin for explaining it so clearly.
 
I think there's no limit to the owners that's why there's what we call a company corporation. Since it is owned by multiple people and as long as they agree with each other, it could work.
 
cnpeurope said:
It depends on what you change... if you need new documents or it requires changes by the company registrar it will cost you money!
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Since its an asset, documents are very important part of it right? Like who are the people in charge or who owns the company and etc..
 
lavel said:
No problems do have several owners for a company so for a Cyprus company. Each time you change something you just need to understand that it costs money.
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Totally agreed with you lavel. A simple correction also cost money in offshore business.
 
Its very much possible. There's no hindrance if all of the 5 people will agree with each other. As long as no one is getting above each other, I think its pretty much possible.
 
Rahul shetty said:
To be honest I don't know much about this topic. But you better try to contact Bank operater
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If you don't know something about this topic why then comment on it.. please don't spam this forum or get banned!

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Admin said:
If you don't know something about this topic why then comment on it.. please don't spam this forum or get banned!
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Exactly my thoughts about that comment admin. I've seen a lot of spam's on different threads and topics these days but I don't know why they do it instead of giving an idea.
 
I don't think there's a problem with how many holders a company has. The real trouble is if these people will disagree with each other after a period of time because they wanted more share than the other..
 
As already mentioned you can register your company with as many as share holder you want & you can later split the profit among share holders also. But as I know, if share holder be a company then you'll have to submit those company documents also.
 
Why won't it be possible? I've known many companies that are being owned by multiple person because they are so huge that only a person cannot handle. But be wary of who you pick as your co-owner
 
How come your business needs 5 owner at the same time? For sure its gonna be a huge business or company right? May I ask what type of business/company do you guys own?

And I think there's no problem at all even if there's a dozen of owner from a company. Just make sure you guys sign contracts or agreement for your income and net worth that is coming from the company itself.
 
As long as you divide the shares and profits equally I think the people who owns the company will be happy and ready to oblige with each other. I think respecting each other decisions will also be the best choice to make the company last longer since you will have different opinions about your company. And I think there's nothing wrong with sharing the ownership of the company as long as you have mutual understanding and interest.
 
TomEthi said:
I would like to know the answer to this too. If I understand correctly, other companies will charge you a fee for each individual opening an offshore company such as this. While I hope this isn't the case with C, it won't put me off from applying here. It would be a little bothersome, but no big worries.
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Did you got your company and business setup in Cyprus or what alternative did you find?

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Cyrus05 said:
As long as you divide the shares and profits equally I think the people who owns the company will be happy and ready to oblige with each other. I think respecting each other decisions will also be the best choice to make the company last longer since you will have different opinions about your company. And I think there's nothing wrong with sharing the ownership of the company as long as you have mutual understanding and interest.
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I almost agree to this!

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