A fiduciary is someone who has undertaken to act for and on behalf of another in a particular matter in circumstances which give rise to a relationship of trust and confidence. The fiduciary relationship is highlighted by good faith, loyalty, and trust, and the word itself originally comes from the Latin fides, meaning faith.

 

PENAP Croup of Companies offers professional fiduciary services as part of our overall commitment to providing valuable company administration services to our clients, which include:

- Nominee services (Shareholders / Directors / Secretary / Registered address)

- Legal support, issuance and legalization of documents

- Accounting and taxation

- Opening and maintenance of bank accounts

- Secretarial services and office support

 

Using Nominee Services does not risk your real ownership or interfere with your control over the company, as you will be the registered owner and beneficiary of this company. Legal documents are put in place to protect owner’s interests and define the obligations of the Nominee. Nominees are useful in order to fulfil certain legal requirements (i.e. to establish management and control of a company in Cyprus to secure tax resident status), to act on your behalf during the initial registration process and opening of bank accounts without you physically being present in Cyprus or if you require confidentiality and anonymity.

Our offices provide nominee shareholders, directors, secretary (both corporate entities and individuals) as well as registered address in Cyprus.

 

Our company is a recognized introducer by a number of reputable and well-established Cyprus-based banks, and thus we can undertake to arrange:

corporate and personal accounts

online and Internet banking

credit /debit cards

loans

deposits

investment in bank products

assistance with letters of credit and letters of guarantee

Our offices provide account management services if required.