Nominee elements are important in offshore
or combined offshore/onshore structures. With suitable
and careful structure, desirable anonymity &/or
asset protection for the final beneficiaries may be
achieved while manageability of the company is maintained.
Reasons for Nominee Services
- Tax planning
- Estate planning
- Alternative for bearer share issuance
- Group strategies
- Avoidance of management conflicts
- Assets arrangments
- Other personal reasons...
(This service is restricted to
clients by referral only)
The nominee Director formally holds the position of an
offshore company's Director and would be recorded in the
Register of Director(s) as maintained at the Registered
Agent / Resident Agent / Registered Office as required
by the respective jurisdictions. Daily operations of the
company is normally managed by the client or its manager
(as powered by the issuance of General Power of Attorney
as listed below).
We may assist client in the formation and arrangement
of the corporate director in the will-be established
company. Daily operations of the company is normally
managed by the client or its manager (as powered by
the issuance of General Power of Attorney as listed
below) or even the corporate director.
General Power of Attorney ("POA")
The nominee Director may issue a General Power of Attorney
in name of client or his authorized representative. POA
may be amended by special request from client before it
is issued. If required, it may be authenticated or apostilled.
The client or his/her authorized representative is entrusted
with the same general powers as a Director himself.
Nominee Shareholder will hold the shares of the client's
company only for nominee purposes. The Shareholders' or
Members' details are recorded in the Register of Member(s)
according to the rules or regulations as required by respective
jurisdiction. The ultimate beneficiary of the company
remains with the client. Nominee shareholder will prepare
and sign Declaration of Trust ("DT"), which
is a legal binding agreement stating who is the true owner
of the company in question. At any point, the nominee
Shareholder will transfer the shares to other person(s)
as under the proof of instruction from the Beneficiary
as per record.
It is frequently used by offshore company as an alternative
to issue bearer share of respective jurisdiction. For
issuance of bearer share as permitted by some jurisdictions,
the custody costs are normally high and some major bankers
DO NOT welcome clients with bearer shares. Using nominee
shareholder may alternatively solve these problems.
Our aim is to provide a comprehensive service to our
clients in offshore operations. If you find above helpful,
please free to contact us.