The use of a nominee director or shareholder can protect the client's anonymity and confidentiality. The basic function of the Nominee Director or shareholder is to shield working executives of Limited and other companies from the public disclosure requirements that exist in the UK and other jurisdictions worldwide.
It is a perfectly legal device which preserves the privacy of an individual. It is designed to help a person who would rather not disclose their interest or association with a given corporate body. Anyone performing a Company Search on a company with a Nominee Director or shareholder would be unable to discover in whose name the Nominee Director or shareholder was registered.
The essence of a nominee director and shareholder service is that it is the names of the nominee directors are indicated in the corporate documentation. This means that names of the company's beneficial owners are not disclosed to the Companies Registry, so that clients are ensured the utmost confidentiality.
At the same time the appointed nominees are not actually entitled to manage the company. We can provide the beneficial owner with a Power of Attorney empowering him or her to run the business, manage the company's activities and open and operate the company's bank accounts.
There are however limitations to the function of the Nominee Director. The Nominee is a director of a company in name only and has no other powers or responsibilities.
For more information relating to this professional service, please contact our team for further information.
Need more information?
Please contact us by phone on 0870 351 0012 or by e-mail at info@worldcorporate.co.uk
