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.
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.
Page: Address and Contact Form
Phone: