Listing shares on the Emerging Companies Market of the CSE

Companies may list their shares (ordinary, preference) on the Emerging Companies Market of the Cyprus Stock Exchange (ECM).

For example, in this market, there is

  • No pre-history requirement. Startups or SPVs are eligible to list their shares
  • no requirement for daily volume on the Issuer
  • no maximum ownership rule
  • no minimum market capitalization criteria
  • listing authorisation is secured from the stock exchange

The whole listing process takes 4-6 months to complete.

Startups welcome

Startups or newly formed public companies with no pre-history need only to have 10 shareholders to setup the registry and can list their already issued shares together with a business plan and 3-year financial forecast.

A listed company will require minimum 3 Directors, with 1 Director Executive to be responsible for the day-to-day affairs of the company. The other 2 can be non-executive directors. The CV, educational and business background of all directors will need to be provided to the CSE and is open for public scrutiny.

Every listed company on the ECM needs to appoint an approved by the Cyprus Stock Exchange Nominated Advisor (Nomad) which will be responsible for the company’s listing.

Eurivex is an approved Nomad and offers complete solutions including preparation of the Admission Document, pass the application through the CSE and act as the company’s Nomad offering solutions to most of your problems.

The company also needs to have registered office, legal advisor, auditor, and reveal the banks where it has a relationship.

Disclaimer & Regulatory information
Eurivex Ltd is a Cyprus Investment Firm, authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), License number 114/10. Company Reg. HE 255430. Headquartered and based in Cyprus, member of EU.

Risk warning: Investing in financial instruments and other derivatives involves a high degree of risk and may not be suitable to all investors. Trading in such financial instruments can result in both an increase and decrease in capital. If you invest through Eurivex Ltd, the value of investments may go down and your capital will be at risk. Eurivex Ltd operates a secondary market but there is no guarantee that all buy/sell orders will be completed at the desired prices and there is a risk that an order may not be completed in the Eurivex secondary market if there is no matching order. There is no guarantee that you will be able to exit early by selling your investment. Eurivex Ltd does not provide investment, tax or legal advice. If you are unsure about the suitability of an investment, you should speak to a financial adviser. Please refer to our Risk Warning available on our web site for further information.