Nominee Director – 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.
The names of all directors appear on public record, and are easily accessible.
Why use a Nominee Director
The basic function of the Nominee Director 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 is designed to help a person who would rather not disclose their interest with a company.
How our Nominee Director Service Works
The essence of a nominee director service is that it is the names of the nominee directors are indicated 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 Director will be one of ours, we will from time to time receive correspondence which will require the attention of the person requesting the Nominee Director Service. As part of the service we will forward these documents.
Our fee for providing a person to act as nominee director is £750 per year. If you would like further information, or wish to discuss our nominee services please contact us. We will be pleased to speak with you, and provide any assistance that you require.
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. A nominee is appointed to hold shares in trust upon your behalf. A declaration of trust is issued to the beneficial owner confirming that the shares are held in name only. The nominee shareholder can be a person or a corporation.