Company and Trust formations

Company Formation

Our specialists in the Corporate Secretarial department will undertake the review of your proposed structure, proceed with the incorporation of the entities whilst complying with the applicable legislation and best corporate practice. We register companies in all main jurisdictions - not limited to Cyprus - which include British Virgin Islands, Cayman Islands, Seychelles, United Kingdom, Netherlands, Austria.

We provide through advice during the drafting of the memorandum and articles of association. This includes the suitability of articles, issues of share capita, composition of the board, rights of shareholders and other matters.

Shelf companies are maintained and readily available upon request, facilitating company set-up within a few hours.

Corporate Secretarial

Our lawyers and experienced secretarial executive provide on-going corporate secretarial support and compliance services including:

maintaining and safekeeping the statutory records and registers of the company
preparing the minutes of directors’ and shareholders’ meetings
calling the Annual General Meeting
preparing the Annual Directors’ Report to accompany the financial statements
preparing and filing the company’s annual return
issuing and safekeeping of share certificates
arranging for legalisation and certification of documents
arranging for the increase or decrease of the company’s share capital
registering company pledges
issuing of powers of attorney
communicating with the Registrar of Companies for all necessary submissions of forms and requests for certificates

Trust

Our specialist trust services group will undertake in full confidentiality the formation and administration of Cyprus International trusts and include the following services:

provision of trustees
provision of protectors
advising on family asset protection and inheritance issues
administering trusts involved in employee bonus schemes
opening, administering and monitoring all bank accounts
liaising with fund managers for the operation of investment accounts
maintaining good title of real property
making distributions to the beneficiaries

Company Administration

We provide a complete range of administration services for the day to day operations of clients which are tailored to suit each client’s specific requirements. Our detailed services include:

opening and monitoring bank accounts
preparation, review and execution of agreements
handling correspondence with third parties and various authorities
monitoring local compliance with statutory requirements and filings
issue of sales invoices and collection of receivables
legal opinions or other legal work where necessary
coordination of business processes such as audit, tax advice and VAT work
arranging for registration of trademarks or trade names
arranging for bank credit cards or applications for bank financing
assistance for setting up a fully-fledged office in Cyprus
assistance in obtaining work permits for expatriate employees

Liquidation

Oneworld will undertake the appointment of the liquidator on behalf of the shareholders and will carry out the entire liquidation process including:

informing the Registrar of Companies that the company has been placed into members’ voluntary liquidation
advertising in an international newspaper for possible claims against the company
settling all company creditors including any taxes due
preparation of statement of dealings during the liquidation period
distribution of surplus assets to shareholders