|
|
 |
Nominee Services
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...
Nominee Director (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).
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
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.
|
|
|
|
