Zypern Limited Gründung und Verwaltung mit CMC.
Be careful with trusts without a legal basis.
The reasons for desiring anonymity are varied and generally legitimate. However, in only a few countries is it even possible to establish a company anonymously. Often, this is only possible with the help of private intermediaries who charge handsomely for their services as trustees and who often have questionable reliability. In such “wild” trusts, which are not regulated by law, there is a real risk of total loss, and not only due to the trustee’s breach of trust. All it takes is one problem client of this trustee who commits serious crimes for the assets of all trustors to be frozen – often for years. Trusts in jurisdictions such as Malta, the UAE, Switzerland, Great Britain, Germany, Ireland, Bulgaria, and the Netherlands are therefore highly discouraged unless the trustee’s integrity has been established beyond doubt.
The trust situation in Cyprus. Trust services in Cyprus.
To protect the anonymity of the company owner, Cyprus law provides the necessary safeguards and regulates the limits of the trust. The trustee has no access to the company’s assets or bank accounts unless explicitly granted the necessary rights by the company owner (which is usually not necessary).
Both natural and legal persons can serve as trustees.
Trustees are always available for signatures and other tasks.
The trustee holds the functions of director, secretary and/or shareholder and is registered accordingly in the Nicosia Commercial Register.
Of course, variations are also possible, for example a foreign company as a shareholder of the Cypriot Limited in combination with a trust director and secretary.
The trustor, i.e., the owner of the Cyprus Limited, is protected by a trust agreement. Furthermore, the trustor receives a pre-signed, undated document (transfer of shares), which allows them to transfer all company shares at any time. The trustor thus enjoys absolute security and full control at all times.
The trustees are, of course, authorized to give instructions and therefore act only on the instructions of the trustor.
European Transparency Register
In the European Union, a transparency register is required by law. This means that authorities and persons with a legitimate interest can view the ownership of a company. The beneficial owner of every Cypriot company can be accessed in the transparency register.
No penalties related to trusts in Cyprus.
The fact that the trust law in Cyprus offers the trustor the highest possible level of security is impressively demonstrated by the official crime statistics of the Cyprus police.
Crime statistics for the years 2010 to 2012 and 2011 to 2013 show no cases of fraud in the category of “fraud by trustees and persons in a position of trust and false accounting.” Investors’ money is therefore in safe hands in Cyprus.
This legal certainty makes Cyprus the ideal destination for trusts for companies of all sizes – not just in Europe, but worldwide.