A multilayer capacitor includes: a capacitor body including an active region including a plurality of first and second internal electrodes alternately exposed, respectively, through opposite end surfaces of the capacitor body in a length direction, and upper and lower cover regions disposed on upper and lower surfaces of the active region, respectively; and first and second external electrodes formed on the opposite end surfaces of the capacitor body in the length direction, respectively. The lower cover region of the capacitor body may have a space portion.