Nominee services
Nominee services are typically provided by an intermediary to disguise the beneficial owner's business. Nominee services refer to nominee shareholder and nominee director. As a rule, the nominee services should also be a P.O. Box service (office address for correspondence purposes). Nominee services are suitable for large corporate structures for tax planning purposes and often contain international elements. For example, the final beneficiary is based in another country and not in the company itself.
Nominee shareholder services are usually provided on the basis of a declaration of trust, with the nominee declaring that they hold shares on behalf of any other person and are not entitled to make decisions in the company, vote at a shareholders' meeting, or receive dividends, it unless the customer has expressly instructed it to do so. The nominee has no right to sell shares unless the customer requests it. However, the client and the nominee can agree on certain tasks that the nominee should perform. Such tasks are often entrusted to lawyers and lawyers who are active in this field and can protect the interests of the client.
Nominee Director, also known as "Shadow Director", who normally only appears for official records, while the company is practically managed by the client by proxy. Based on the authorization, the customer can open a bank account and acquire full management and control of the company.
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Benefits of nominee services The benefits of using nominee services can be seen in cases where an entrepreneur wants to maintain his privacy and reduces visibility in official records or does not want his name to be associated with the company in question. In addition, there may be a situation where a person has restrictions in performing the intended activity or when the law requires local management, such as a local secretary in Hong Kong.
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