IntroductionIn Cyprus, partnerships play a significant role in business ventures, with their creation, operation, and dissolution being regulated by the General and Limited Partnership and Business Names Law (the “Law”). Under this Law, a partnership is defined as a collaborative relationship between individuals who engage in business activities with the goal of making a profit. The minimum number of partners (may be corporate entities or natural persons) is two and the maximum number is 100 (if the partnership is conducting banking activities, then the maximum number of partners is 10). It is worth noting that, for legal purposes, a partnership is not considered a separate entity distinct from its partners……
