Nominee service
The purpose of using nominee service is to ensure the highest degree of security and confidentiality. The reasoning behind nominee services is to protect the identity of the client, ensuing discretion and anonymity. The motive of using nominee services is so that the nominee person(s) appears in the corporate documents other than the beneficial owner of the Company. However nominees have no control over the company and are not entitled to manage. A nominee is a person who takes a superficial interest in the Company's business and is basically there to sign documents accepting appointments.
Power of Attorneys can be provided by us authorizing whoever appointed to deal with the day to day running of the business.
Using nominee services is basically a legal way of helping a person keep there identity disclosed, we carefully plan and arrange to ensure full legality but enables you to keep your personal details out of public records. Nominee services include Nominee Director and Nominee Shareholder.
Nominee services FAQs
Trustee Services
An offshore trust is created when assets are transferred to a trustee. The trustee becomes the legal owner and is responsible for managing the assets and distributing them to the beneficiaries of the offshore trust. There are many good quality reasons to use a trustee and once you have decided to set up an offshore trust your first and most important decision will be is the choice of trustee that gives you absolute peace of mind. For more information about trustees please contact our experts for their professional advice.
Power of Attorneys can be provided by us authorizing whoever appointed to deal with the day to day running of the business.
Using nominee services is basically a legal way of helping a person keep there identity disclosed, we carefully plan and arrange to ensure full legality but enables you to keep your personal details out of public records. Nominee services include Nominee Director and Nominee Shareholder.
Nominee services FAQs
Who would use a nominee service?
Nominee services were originally designed for dormant companies, who wanted their information off the public record. It is possible to trade with this service; however we suggest speaking to the bank initially to ensure there are no problems.
Can I use a nominee service for an offshore company?
No. Unfortunately, we do not offer the nominee service for offshore companies. Under no circumstance will our nominees stand in any position for an offshore company.
Can I use a nominee service for a Limited Liability Partnership (LLP) company?
No. Unfortunately, our nominee shareholder service cannot be used for LLP companies. Our nominee shareholder will not sign or agree to any partnership agreement and therefore cannot stand in the shareholder/partner position for such companies.
What is the Deed of Indemnity?
This document confirms that we have nothing to do with the day to day running of the company and that we are only there in signing capacity and to protect the actual owners from appearing on the public register.
It is very important that is is completed correctly, signed by yourself, certified and signed by your solicitor or accountant. The document must then be posted back to us. The person named on the document is the beneficial owner of the company.
Can you sign any type of document on my behalf?
On your instruction, our officers will sign annual returns, annual accounts and internal company contracts. We do NOT sign:
- VAT applications
- Bank mandates
- CT41G forms
- Authorise your agent forms
- Purchasing of any goods - house, car etc
- Tenancy agreements
- Merchant Account mandates
How many shares will the nominee shareholder hold?
Typically we will only hold 1 share worth 1 GBP. Exceptions can be made for existing companies provided, however, that the total share value does not exceed £100.
Can I request a power of attorney (POA)?
Customers can request a POA document to be drawn up for them. This document signs over any power we may have in the company to the beneficial owner - as stated on the deed of indemnity.
Trustee Services
An offshore trust is created when assets are transferred to a trustee. The trustee becomes the legal owner and is responsible for managing the assets and distributing them to the beneficiaries of the offshore trust. There are many good quality reasons to use a trustee and once you have decided to set up an offshore trust your first and most important decision will be is the choice of trustee that gives you absolute peace of mind. For more information about trustees please contact our experts for their professional advice.
