The query has been asked by several of our clients which desire to include their business in Cyprus but do not have the experience yet of such an advanced and powerful step.
To elucidate it I’ll start to assert that it is in any way compulsory to have a nominee stockholder or director for your Cyprus company formation. This is somebody which is a Cypriot and which is acting as investor for the profitable owner of the company and which can be any person so long as he could be a resident of Cyprus.
It is nearly the same as a nominee investor, the different lays in the director will have a power to act for the Cyprus Company and can complete business deals for you without previous notice. When we are going and register Cyprus corporations and our customer’s business is of nature of where they don’t seem to be prepared to release their own identity ( this may be for plenty of reasons ) but rather will have the entity operating as a secret automobile to operate their daily business, then we recommendation to use the instruments of a nominee stockholder and director, this could totally give them the best protection of identity and advantageous owner release.
First of all, an advantageous owner of a Cyprus Company will become a Power of solicitor ( POA ) that may last for a period and which can be replenished on request at any point. With the POA the profitable owner can act for the company as would it not exists, bank accounts can be opened, business contracts can be signed and all the daily tasks can be accomplishment and be legit.
For more information on Cyprus Company Formation, please visit our website.
Please also visit our Merchant Services Offshore Discussion forum to get answers to any questions you might have and to see what others are doing.
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