This is primarily used to protect clients from public disclosure duties and/or to meet regulatory requirements that have at least one locally based director be appointed.
A nominated director is authorized to handle the company's day-to-day operations in accordance with the business owner's instructions. His or her function and obligations are outlined in the nominated services agreement, which is also used to safeguard the business owner from the nominated person's wrongdoing.
Nominee shareholders are appointed to hold shares on behalf of the company's owners but are not the legal owners of those shares. Its primary goal is to ensure the beneficial owner's anonymity.
Nominee shareholders will sign an agreement with the company's owners, known as a Declaration of Trust, under which they will not be able to exercise their voting rights or deal in shares without the consent of the company's beneficial owner.
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Nominee director service | |
Nominee shareholder service |