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INFORMATION NEEDED FOR REGISTRATION
Information needed for registration of an offshore company
is detailed below:
- the names, addresses, occupations and nationality of at
least two persons or legal entities who are to be the shareholders or the beneficial
owners of the shares of the company, irrespective of whether anonymity is required to be
kept and nominees shall be used. Since the Memornandum and Articles of Association of the
company must be signed by the subscribers, and in order to save time, the first
subscribers of the company are usually nominee companies of a law office who, upon the
registration of the company, transfer their respective shares to the real shareholders.
(In case of anonymity, the nominees sign the blank instrument of transfer of shares
together with a trust deed, and the share certificates which they pass over to the
beneficiaries who keep these to safeguard their interests).
- The name of the proposed company to be registered. It is
advisable that several alternative names are given in order to save time and unnecessary
correspondence. In cases where the name of the company is not an important element law
firms have available a list of approved names ready for immediate use.
- The main objects of the company.
- The proposed authorised and issued share capital and the
participation of each shareholder or beneficial owner in the company.
- The name, address, occupation, and nationality of at least
one person to be appointed as a director, and the same particulars for the secretary. It
is advisable that the directors and secretary are resident in Cyprus in order for the
management and control of the company must be in Cyprus.
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