Company's Structure
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Shareholders |
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Each
Private Company of limited responsibility with stocks, limits the
number of shareholders. Maximum are fifty (50) and minimal one (1)
shareholders. For the registration of company is required for each
shareholder the below characteristics:
Note: All stocks are nominatives and in the case of a Private Company is prohibited the publication of stocks in a bearer. However, the householders who do not wish to be presented as registered shareholders can name representatives which will act for them as registered shareholders. The real property will always remain in the beneficiary householders. The representatives of shareholders can be Cypriot or foreigners. The practice that prevailed is a company to undertake the configuration of the new company in order to determine the representatives of shareholders via her members or via the company which is checked by. |
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Directors |
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There
is no requirement by law that a Private Company will have more from one
director or that the Company should have local Directors. However in
order a company to be considered tax resident Cyprus Company (guarantee
of address and control of company for tax aims in Cyprus and the smooth
operation of company in Cyprus), is proposed to have local directors or
alternative directors. The services of the Director are provided by the
company which undertakes the configuration of the private company.
For each director the following information are required.
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Secretary |
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The
Company must have a Secretary. The Secretary acts under the control and
the directives of Directors, keeps under control the established
documents of the company and executes administrative work which does
not have executive character. For practical reasons but also in order
to observe the common law processes is usually named secretary member
of company or the company which undertakes the foundation of Private
Company in Cyprus.
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