The Law does not provide for any special requirements according to which the Private Company shall have more than one Directors or that the Company must have local Directors.
However, for a company to be considered as a tax resident of Cyprus (securing the management and the control of the company for tax purposes in Cyprus and for the smooth operation of the company in Cyprus), it is proposed that local Directors or alternate Directors are appointed. The services of the Director are provided by the company which undertakes the formation of the private company.
The following particulars are required for the Directors:
However, for a company to be considered as a tax resident of Cyprus (securing the management and the control of the company for tax purposes in Cyprus and for the smooth operation of the company in Cyprus), it is proposed that local Directors or alternate Directors are appointed. The services of the Director are provided by the company which undertakes the formation of the private company.
The following particulars are required for the Directors:
- Certified Passport Copy
- Original Utility Bill
- Original Bank Reference Letter
- Curriculum Vitae (CV)
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