Nominee Shareholders are shareholders you can appoint by contract to ensure your personal information´s security.
During incorporation, a shareholder is required together with a director. This is where the nominee shareholder steps in.
Please read up further on the Nominee Director here.
The Nominee Shareholder is a stakeholder of the company. You can use a nominee in certain countries wherein this system is recognized as legal.
Nominees are used mainly for security reasons -- to protect your personal information as well as your business activities. Countries who have accepted the Nominee system into their incorporation procedures are:
Using a Nominee gives you the option not to provide authorities with your personal information. Your name, address, ID´s, and passport details are never registered, and therefore, never recorded to be shared to third parties.
The Declaration of Trust is a legal document issued to protect the rights of your shares.
The Nominee Shareholder must be used with the Nominee Director. Both representatives are required to submit information -- if you use your personal details as a director to register your company, then the purpose of the Nominee Shareholder is lost. For further details on the Nominee Director, kindly visit the below link:
The use of the Nominee Shareholder´s information instead of your own gives you protection and security. Any required documents will be provided by the Nominee Shareholder, without you having to inconvenience yourself. In short, you may incorporate a company without ever divulging any of your personal details.
The Nominee system is perfectly legal and is recognized by many tax havens around the world.
The Declaration of Trust is a document issued to guarantee and protect the rights of your company shares will transfer back to you upon the completion of tasks by the Nominee Shareholder.
This document declares your full ownership of company shares.
Availing of the Nominee System takes a lot of trust between the Nominee and the actual owner. Thus, it is important that nominees are trustworthy and that the Nominee System itself protects the actual owner from opportunists.
Oobac provides a nominee service that fulfills the necessary requirements for this system. With our thorough screening process, we can guarantee that our nominees will do only what´s necessary in a transaction.
Oobac ensures that the nominee is a non-resident in your locality. This is an important detail in nominee services. For more information, please see the following corner:
Nominees are made sure not to reside in high-security countries who may question their activities so that they can provide your information their protection.
Nominee information, in turn, cannot be disclosed freely until you avail of the service.
The Nominee Service is completely legal.
However, legal systems around the world vary. While many recognize this service, nominees can never open accounts in countries who don´t accept this kind of procedure.
Oobac always respects the laws of a jurisdiction and will never bend rules. We seek only to provide you with opportunities to grow as a company.
Once a company has been incorporated by a nominee, the same nominee must also be the one who renews the contract per year. Note that nominee fees are charged per service and the contract is terminated if payment is not given.
Of course, a nominee can be terminated at any time. Simply contact us and we shall try our best to fulfill your wishes quickly.
A company needs not only a Nominee Shareholder, but also a Nominee Director these days for added security. This service is also offered. For more details, visit the following link:
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Arch. Makariou III & Evagorou, 1-7, MITSI 3, 1st floor, Flat/Office 102 1065, Nikosia, Cyprus.
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Phone: +60 3 62114843
Information for Beginners