It is usually for an Cyprus IBC (offshore) company to employ nominees.

Nominees provide greater anonymity and flexibility for the beneficial owner especially if the beneficial owner resides in a high tax country.  the Beneficial owner can appoint a nominee without losing control or risk, as a nominee may not take any action including management of the company.

Nominees may be appointed for the following :

• Shareholder
• Director
• Secretary

The following documents are provided by the nominee to protect the security of the beneficial owner:

• Trust deed
• Undated Instruments of transfer
• Directors’ resolution approving the transfer of shares to the actual shareholder
• The original share certificates issued in the names of the nominal shareholders
• Undated letters of resignation of the nominee directors

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