When registering a private company, there are a number of legalities that are important to get right. This includes naming the roles of the director and shareholder, for example. This information is public record and could therefore create problems if the shareholder wishes to remain anonymous.
According to UK company law, all shareholders’ information must be recorded at Companies House and on the company's statutory registers. So, if, as the beneficiary owner, you wanted to protect your identity as the legal owner of a company, then a nominee shareholder is the answer.
What is a Nominee Shareholder?
A nominee shareholder acts as a legal, unrelated, third party, who is officially registered as the holder of shares on behalf of the actual shareholder. This shields the beneficiary owner from being publicly associated with that particular company.
Will a Nominee Shareholder Benefit From Company Shares?
The nominee shareholder does not own shares in the company, or benefit from the shares in any way. They will need to sign a declaration of trust, known as a custodial agreement, showing they have no legal claim over the shares, thus protecting the beneficiary owner’s assets.
They will also have no access to bank accounts or other assets, and they will not be able to make decisions or sign any documentation of shares on behalf of the company.
How Do I Select the Nominee Shareholder Service For My Company?
Our nominee shareholder service offer is structured to keep your personal information off the public record while ensuring full legality. We have over 40 years of experience and an excellent track record with our customers, putting their business needs at the heart of every decision we advise on.
Our nominee shareholder package starts at £279.99 + VAT. You can find out more information on our Nominee Shareholder page.