Yes, absolutely. The formal procedure for removing the directors of the Cyprus company and appointing new directors will depend on the structure of the particular company. Namely, how many directors there are, who are the shareholders, what is the quorum necessary to carry out corporate resolutions, what is the procedure for calling and holding meetings of members and/or directors. For those companies where full management services are provided by the professional service provider, the change of the director(s) or any other amendment to the internal structure of the company can be effected as soon as all beneficial owner(s) of the company expressly request such change to be carried out.
When some or all of the important positions in the Cyprus company are filled from the client side, we can advise on the appropriate procedure and prepare all documents for execution and filing.