What is a Nominee Shareholder?
A Nominee Shareholder is the registered owner of shares within a company. The beneficial owner may choose to appoint a Nominee Shareholder because they do not want to register the shares in their own name. A Nominee Shareholder is a great way to keep shareholder information away from public records. We do not get involved in the running of your company and are on the Companies House register in name only.
When can I use a Nominee?
You can select to have a Nominee Shareholder when incorporating your company and entering all the company information. The Nominee will then be appointed upon incorporation and the name of the Nominee will appear on the incorporation documents under the shareholder details.
You can also choose to purchase Nominee Shareholder after incorporation, you will be required to file an Annual Return to update Companies House with the new Shareholder Information. It is a legal requirement to update Companies House about any changes that occur within your company.
What do I need to provide?
All we need from you for the Nominee Shareholder service is the Beneficial Owners Name, Address and the number and value of shares you wish to allocate to the nominee, this information is required to prepare your relevant nominee documentation. You will be asked to provide the Beneficial Owners information upon receipt of an order.
Will I receive any documents once a Nominee has been appointed?
Yes, once we have received the beneficial owner’s information we will provide you with a set of documents for the Nominee of the company. The documents include:
- A Declaration by the Beneficial Owner
- Declaration of Trust
- Indemnity Letter to the Nominees
- Terms and Conditions
- Transfer of shares
How long is the Nominee Service valid?
The Nominee Shareholder Service is valid for a period of 12 months, after this period you can choose to renew the service or we can resign as Shareholder of your company and pass the shares to the beneficial owner, director or nominated person. It is a legal requirement to update the shareholder information with Companies House.
We will send you an email reminder 1 month before the service is due to expire.
If you would like to order a Nominee for your company, please order this service from our UK Additional Services.