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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.
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