Alternate Directors

This practice memo describes the legal and practical consideration with regards to the appointment and removal of alternate directors in Cyprus companies. It explains, inter alia, what is an alternate director; what are their powers and responsibilities and who is responsible for their appointment or removal,  It describes the legal and procedural requirements, timeframe, filings, indicative fees and all other relevant matters. It goes further to include an indicative step plan of the above mentioned processes along with a description of the requisite documents.

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