About the company
COCO Collective Ownership Company Limassol Limited (COCO Limassol) is registered as a Limited Liability Company by Guarantee without Share Capital. This means that the company has no shareholders but Members who are both its legal owners and beneficiaries. COCO Limassol is a for-profit company registered with the Registrar of Companies and Cyprus Income Tax.
COCO Limassol belongs to its members. Each registered member is automatically a co-owner of the company. These members are also beneficiaries of any profits the company makes on an annual basis.
COCO Limassol does not engage in any business activities and does not make any investments. The company simply acts as a holder of shares in companies that decide to offer part of their share capital as a donation to COCO Limassol.
Aiming to strengthen the local economy and society, the company operates within a specific geographical area which is covered by its aims and objectives. Specifically, COCO Limassol has defined as its area of activity the entire geographical area of the Limassol District.
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The company consists of specific Committees, the creation of which is decided by the Board of Directors from time to time, in order to assist its work in achieving the goals and objectives of COCO Limassol.
The Committees are composed of Members of the company who, upon request, are approved for participation in the Committees. Application for participation in the Committees can be made by any Member at any time.
The current Committees of COCO Limassol are the following:
Raising awareness regarding active and conscious citizenship and organizing of relevant events