Licensed corporate, or administrative, service providers should have their head offices in Cyprus and should be managed by at least two qualified directors. Furthermore, they should employ a compliance officer. The license to provide corporate, or administrative, services is subject to the approval of the directors, the compliance officer and the shareholders of the provider, by the regulator. more information regarding how these changes might benefit you please contact us. :- http://cyfiduciary.com/8-news/38-december-2012-regulatory-news-corporate-and-administrative-service-providers