Should you need a nominee…
Cyprus Limited
There is something worth knowing

According to the laws of the Republic of Cyprus, the members of a Cyprus Limited company (director, shareholder and secretary) may be represented externally by suitable nominees.

The Nominees of a Cyprus Company

There is no dispute that nominees may be appropriate in certain circumstances. However, the associates such as director/s and shareholder/s of a Cyprus Limited company must be disclosed to banks in order to open business accounts.

A trust deed clarifies and regulates the rights and obligations of nominees.

However, if has become extremely difficult to open business accounts with a nominee structure in place.

A plausible reason to take advantage of nominee services is at the start of a new business where the owner/s are still legally bound to a contract with their current employer.

Once the contractual period has ended the owner can then become the official director/shareholder of the company.