There have been some recent amendments to the Cyprus Companies Law 2018 which introduced certain changes some of which come into force at of the date of publication of the amending law; whereas others come into force by the end of 2019 or upon announcement with more guidance from the Cyprus Registrar of Companies.
Key Reform Regarding Company Secretary- Section 171
Previously, the law held that all Cyprus companies are required to have a Company Secretary and Directors accordingly, without stipulating anymore guidance.
Subject to the latest amendments, Section 171 of the Law has changed to explicitly provide that every company may now have one sole company secretary and can no longer can have assistant secretaries or any roles under this title.
For more information or assistance for your company, contact us, we have experienced legal advisors on hand to help.