Nominee Director & Shareholder Services
Welcome to Fletcher Kennedy Company Services, we provide a comprehensive range of company services, including nominee directors and shareholders for companies registered in the United Kingdom, Ireland and international companies registered Worldwide.
Our nominee services are available for both new and existing companies.
It is a legal requirement in the United Kingdom and many other jurisdictions for limited companies to have at least one director. Corporate directors are allowed, however the company must have at least one person acting as director.
What is a Nominee Director?
A nominee director is a person who agrees to become an officer of a company even though they will have no involvement in the actual operation of the company.
Unless specifically requested, most nominee director services are passive. This means that despite being an officer of the company, the nominee director cannot manage the company. He or she is only allowed to act based on instructions given by the Ultimate Beneficial Owner (UBO) of the company.
Why use a Nominee Director?
Local Resident Director – Although in most regions it is not a Government requirement to have a local resident director, there are many occasions where it is practical to appoint a local resident as a director of the company. We provide EU and UK residents to fulfil this role.
Privacy – The basic function of the Nominee is to shield working executives of Limited and other companies from the public disclosure requirements that exist in many jurisdictions. It is a perfectly legal device which preserves the privacy of an individual. It serves a person who would rather not disclose their interest with a company.
Duties of a Nominee Director
The nominee’s duty is to carry out the wishes of the business owner.
A nominee director must only act on your instructions and cannot, nor will not make any decisions independently.
Our nominee agreement defines this. The nominee director agreement confirms that control of the company remains with the beneficial owner.
How our Nominee Director Service works
The essence of a nominee director service is that it is the names of the nominees that are shown in the corporate documentation. The appointed nominees are not actually entitled to manage the company. We provide the owner with a Power of Attorney empowering him or her to run the business, manage the company’s activities and open and operate the company’s bank accounts. There are however limitations to the function of the Nominee Director. The Nominee is a director of a company in name only and has no other powers or responsibilities. Since the address of the Nominee will be one of ours, we will from time to time receive correspondence which will require the attention of the person requesting the Nominee Service. As part of the service we will forward these documents.
When a beneficial owner does not wish to disclose their ownership, nominee shareholders are a useful tool. Limited companies must have at least one shareholder. In the United Kingdom and many other jurisdictions the name of the shareholder is on public record.
Our Nominee Shareholder Service
We offer a nominee shareholder service which works in the following way. We appoint a nominee to hold shares in trust upon your behalf. Then we issue the beneficial owner with a declaration of trust confirming that the shares are held in name only. The nominee shareholder can be a person or a corporation.
Nominee Services for UK Companies
We provide nominee director and shareholder services to both new and existing UK Companies. Whether you need nominees for privacy or to show a local presence, we can offer UK residents to act as your nominee.
Nominees for International Corporations
We have a portfolio of EU residents and UK residents available to act as nominees in most international locations.
Nominees are available for both new and existing corporations.
Local Resident Director for Irish Companies
It is a requirement that Companies registered in Ireland have at least one director resident in the EEA (European Economic Area). If you do not have a suitable person living in the EEA, we can provide you with an Irish resident to meet this requirement.
Most frequent questions and answers
We need you to provide us with the following;
- Copy of Beneficial Owners passport
- Copy of Beneficial Owners utility bill
- Information about the Company we are to provide a service for
The Nominee Director will provide the following documents;
- Nominee Director agreement
- Power of Attorney
- Copy Passport
- Copy Utility Bill
Yes when providing nominee director services, a power of attorney is included.
We provide the owner with a Power of Attorney empowering him or her to run the business, manage the company’s activities and open and operate the company’s bank accounts.
A Power of Attorney is a legal instrument that is used to delegate legal authority to another. The person who signs (executes) a Power of Attorney is called the Principal. The power of Attorney gives legal authority to another person (called an Agent or Attorney-in-Fact) to make property, financial and other legal decisions for the Principal.
A Principal can give an Agent broad legal authority, or very limited authority. The Power of Attorney is frequently used to help in the event of a Principal’s illness or disability, or in legal transactions where the principal cannot be present to sign necessary legal documents.
The Nominee Shareholder will provide the following documents;
- Declaration of Trust
- Copy Passport
- Copy Utility Bill
Once we have received your order, we can put the nominees in place within 24 hours.
Yes you can open a bank account using nominee directors. As part of the verification process banks need authorisation from the company director to open an account. Our nominees will assist and cooperate with bank account opening.
This is one of the most commonly asked question.
Nominee directors and nominee shareholders are legal in most jurisdictions, providing that they are being used for a legitimate reason, such as meeting the need for a local director or for anonymity.
If you have any questions or would like help or advice please contact us.
We will be pleased to speak with you, and happy to answer any questions that you may have.
Phone: +44 20 7856 0587
Live Chat: Click here for Live Chat
ICS – International Company Services
7 Bell Yard