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.
Ownership structure
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.
Business activities
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.
Geographical cover
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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Aims & Objectives
To support and develop local entrepreneurship within the area of the Limassol District (hereinafter referred to as “the Area”).
To create the appropriate conditions and provide directions for the creation, development, and attraction of new business activities in the Area.
To promote the right standards of entrepreneurship and professionalism in the Area and to make the company a carrier of sustainable entrepreneurship, supporting and promoting the implementation of sustainable practices in business.
To make the citizens of the Limassol District co-owners of the business activity of their Area and co-beneficiaries of the economic value that this activity creates.
To operate the company as a body for the development and strengthening of the social fabric and the social relations among the people of the Area.
To give the people of the Area the opportunity to have a more substantial participation in the labour market, increasing the range of available types of work.
To create the conditions and incentives for work and permanent residence in the rural areas and villages of the Area.
To cultivate the culture of the active and conscious citizen.
Member Committees
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:
Administration
Company management and Secretary duties
Financial Control
Financial management of the company, financial control tasks and Treasurer duties
Marketing
Management of the company’s marketing tools and undertaking of promotional activities
Business & Operational Needs
Identifying and promoting business and operational needs of the Area
Sustainable Development Practices
Promoting sustainable development practices in businesses and raising awareness among citizens
Conscious Citizen
Raising awareness regarding active and conscious citizenship and organizing of relevant events
