Cyprus law recognizes the concept of trust both under statute and in equity. Under this concept it is possible for someone to hold the legal title of a property for the benefit of a third party. So to take the example of shares in a private company. The registered owner of the shares may hold […]
Four Ways Nominees Can Benefit a Company
Nominees are people or legal entities that act as directors or shareholders of a company to protect the identity of a real shareholder or director. During company registration in Cyprus, the name, address, occupation and nationality of the person or legal entity who is to be the shareholder or the beneficial owner is required. In cases where anonymity is preferred, nominees are used […]
Client Anonymity and Nominees
Many clients want to remain anonymous for a number of reasons. Anonymity is achieved by using nominees to act as company directors or shareholders…