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Nominee Director and Shareholder for Cyprus Companies

Protect your personal identity with a professional nominee director and/or shareholders while having total control of your Cyprus private limited company with a secure nominee agreement.

Included

Adds an extra layer to your identity protection

Included

Secured interests with a Power of Attorney (PoA)

Included

Professional nominees to accompany you

Nominee Director/Shareholder Service

Remote

Remote

Local nominees are available for you remotely worldwide.

Privacy

Privacy

Utmost personal identity protection and privacy solution

Compliance

Compliance

Comply with regulatory needs and annual form filings.

Affordable

Affordable

Professional nominee service at a very affordable cost.

Who is a Nominee in Cyprus?

The Nominee Director and Nominee Shareholder is a third party whose name will appear on the your Cyprus company's formation paperwork as well as in documents submitted to the Registrar of Companies of Cyprus, ensuring your real identity is kept private and confidential.

  • Why do you need a nominee director and/or a nominee shareholder in Cyprus?

  • Your personal information can be protected from being revealed in Cyprus government documents and public records.

  • An atmosphere of security and discretion is fostered by this additional layer of confidentiality and privacy.

  • Achieve the ability to manage operations and make crucial business decisions while enjoying the essence of total privacy.

RESPONSIBILITIES

Nominees for offshore companies

Find out the benefits and reasons to use a nominee director and/or nominee shareholder for your Cyprus company

Residency requirements

Residency requirements

Nominees fulfill residency obligations as they enable Cyprus presence without physical residency, simplifying operations and meeting local regulations for certain industries that require resident directors or shareholders.

Enhanced Privacy

Enhanced Privacy

Nominees shield beneficial owners' identities, safeguarding personal information from public records. This layer of confidentiality ensures privacy and protects sensitive details like addresses and contact information.

Ownership Structure

Ownership Structure

Nominees offer flexibility in ownership arrangements, allowing beneficial owners to tailor their company's structure to meet specific business objectives. This adaptability enhances operational efficiency and strategic planning.

Professional Expertise

Professional Expertise

Nominees bring credibility and professionalism to the company. Leveraging their expertise, beneficial owners benefit from industry knowledge and Cyprus insights, enhancing overall business operations.

Enhanced security

Enhanced security

Nominees provide a layer of security for sensitive transactions or intellectual property protection. Their involvement can mitigate risks associated with certain business activities, safeguarding valuable assets and interests.

Peace of Mind

Peace of Mind

Beneficial owners enjoy peace of mind knowing that nominees handle administrative and legal matters. With nominees managing specific tasks, owners can focus on core business activities, ensuring total compliance.

FAQ

Frequently Asked Questions

Find answers to frequently asked questions on the usage of a nominee director and/or nominee shareholder for Cyprus offshore company formation and management

Are nominee director and nominee shareholder services legal in Cyprus?

Yes, nominee director and nominee shareholder services are legal and commonly utilized for companies registered in Cyprus. These services allow individuals or businesses to appoint nominees to act on their behalf, shielding the identities of the true beneficial owners (UBOs) from public records. This arrangement is often chosen to maintain privacy and confidentiality in financial affairs. The Companies Law (Cap. 113) and other relevant regulations govern the use of nominee services in Cyprus, ensuring compliance with legal requirements and transparency in corporate governance.

Are nominee arrangements disclosed to authorities in Cyprus?

While nominee directors and shareholders may be listed on public records, the identities of the beneficial owners are typically kept confidential. However, nominee service providers are required to maintain registers of beneficial ownership information. These registers contain details of the true owners and must be made available to authorized authorities upon request to ensure compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations, enhancing transparency and accountability.

Can I change or remove a nominee director or shareholder in Cyprus?

Yes, you can generally change or remove a nominee director or shareholder for your Cyprus company. The process typically involves following the procedures outlined in the company's articles of association and the nominee service agreement. Written instructions must be provided to the nominee service provider, accompanied by any necessary paperwork, to facilitate a smooth transition in compliance with legal requirements and corporate governance standards.

Can nominees act as Ultimate Beneficial Owners (UBOs) in Cyprus?

Nominees typically do not act as Ultimate Beneficial Owners (UBOs) but rather serve as intermediaries or representatives for the true beneficial owners. While nominees hold legal titles to assets or shares on behalf of the beneficial owners, they do not possess ultimate control or ownership rights. The beneficial owners retain the rights to profits, assets, and decision-making authority, with the nominees acting in a fiduciary capacity to execute the owners' instructions lawfully.

To clarify again, nominees cannot act as ultimate beneficial owners (UBOs) and Vepapu does not offer such arrangements.

How do nominee services affect taxation for Cyprus companies?

Nominee services themselves do not directly impact the taxation of Cyprus companies. Cyprus offers attractive tax benefits, including a favorable corporate tax rate, double taxation treaties, and exemption from withholding taxes on dividends and interest. However, the tax implications for a company depend on its residency status, the source of its income, and the tax laws of the jurisdictions where it conducts business and where the beneficial owners reside.

Do nominee directors or nominee shareholders have access to my Cyprus company's funds or assets?

No, nominee directors and shareholders typically do not have access to company funds or assets beyond their administrative roles. They operate under strict confidentiality and are bound by legal and contractual obligations to ensure the security and integrity of the company's finances. Nominee service agreements establish clear limitations on their access to company funds, safeguarding the interests of the beneficial owners.

Can I get a nominee arrangement for any type of business in Cyprus?

Nominee services are generally available for various types of businesses in Cyprus, subject to compliance with legal and regulatory requirements. However, nominee arrangements are typically not offered for companies involved in high-risk activities such as crypto trading and online gambling or those associated with illegal purposes such as money laundering and tax evasion. Reputable nominee service providers adhere to strict compliance standards and ethical practices, ensuring transparency, legality, and integrity in their services.

How does the use of a nominee director benefit my company in Cyprus?

Nominee directors provide a layer of privacy and confidentiality for beneficial owners, shielding their identities from public records. Additionally, they bring expertise in Cyprus corporate governance and regulations, ensuring compliance with legal requirements and enhancing the credibility of the company. Nominee directors can handle administrative tasks and represent the company in official capacities, allowing beneficial owners to focus on strategic business activities while maintaining control over decision-making processes.

Can I appoint both a nominee director and a nominee shareholder for my Cyprus company?

Yes, it is common for companies in Cyprus to appoint both nominee directors and nominee shareholders to protect the privacy and anonymity of beneficial owners. This dual appointment ensures comprehensive protection of the owner's identity while complying with local corporate governance requirements. Nominee service agreements outline the rights, responsibilities, and limitations of the nominees, ensuring transparency and legal compliance in their roles.

What are the costs associated with nominee services for Cyprus companies?

Fees for nominee services in Cyprus vary depending on factors such as the citizenship of the nominee, the nature of the business, and the level of service required. They may include setup fees, annual retainer fees, and transaction-based fees. Typically, fees start at around $1,500 per year per nominee. Transparent fee structures are essential to ensure clarity and fairness in the provision of nominee services.

What documents are required to appoint a nominee director/shareholder for Cyprus companies?

To appoint a nominee director/shareholder for a Cyprus company, you typically need a completed nominee service agreement outlining the terms and conditions of the arrangement. Additionally, identification documents (ID) and proof of address for the beneficial owner(s) are required to comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Company formation documents, such as the articles of association and memorandum of association, may also be necessary to formalize the appointment and ensure legal compliance.

Are nominee director/shareholder services confidential?

Yes, confidentiality is a fundamental aspect of nominee services in Cyprus. Service providers adhere to strict confidentiality protocols and legal obligations to protect the identities and information of beneficial owners. Formal agreements establish the commitment to confidentiality between the nominees and the beneficial owners, ensuring the privacy and security of sensitive information. Robust data security measures are implemented to safeguard against unauthorized access to or disclosure of confidential information.

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Get in touch and ask us anything. Is a nominee director allowed or do I need to compromise on ownership?
We answer it all. We'd love to help.

Vepapu Customer Executive
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