Corporate Nominee Services: A Practical Q & A Guide

A private company limited by shares in Cyprus needs at least one director and one secretary to operate, as well as a registered office address. The director cannot act as a secretary at the same time; however, the sole shareholder can have the roles of the director and secretary as well. Individuals intending to incorporate a company in Cyprus may proceed with nominee services regarding these positions, i.e. to appoint a nominee director, a nominee secretary, a nominee shareholder and seek an appointed registered office address. One of the most commonly asked questions by clients considering to register a Cyprus company is 'But do I really need nominee services?'. Thus, we have concentrated a questions and answers guide explaining the types and usefulness of corporate nominee services and how these services might be necessary to register and operate a company in Cyprus.