PROVISION OF FIDUCIARY SERVICES
It is common practise to appoint nominee Directors for secrecy but also tax residency purposes. Under the provisions of the new tax legislation, a company will be tax resident and thus taxable in Cyprus only if it is managed and controlled in Cyprus. Incorporation in Cyprus is no longer the criterion for tax residency.
In order to demonstrate that the company is controlled and managed within Cyprus it is recommended to have a majority or at least a sufficient quorum of Directors to be Cypriot residents on the Board of the Cypriot Company. AeroTrust can arrange for the provision of nominee directors/secretary/shareholders and registered office for your company.