SJPR Corporate Services (SJPR) is a sister company of SJPR Accountants Ltd (SJPR), a known and successful accounting practice founded in 2012.
Through the growth of demand for our International Services, we are now providing nominee services for investors and business owners who wish to trade in the UK, yet they cannot have their names as directors or shareholders or simply it is easier to let SJPR manage that part of the corporate responsibility in their behalf.
What is a Nominee Director?
A nominee director is a person or company who agrees to be listed as a principal office of a business even though they will have little or no involvement in the actual running of that company.
Using a Nominee Director to Protect Identity
The principle reason why a nominee director is typically used in a company would be to protect the identity of the person who wishes to run the business.
Nominee directors are often used in conjunction with a nominee secretary and a nominee shareholder.
This is because there would be little point of protecting the identity of the person running the company if that same person were shown as the sole or major shareholder.
Full Nominee Structure
In cases where a full nominee structure is applied when setting up a company (director, secretary and shareholder), the same rules which state that where there is a sole director, the secretary would have to be another separate person or company also apply.
There would therefore have to be at least two persons (actual people or companies) engaged.
The registered owner of shares held for the benefit of another person (the beneficial owner). The beneficial owner may choose to appoint a nominee because it does not wish to have the shares registered in its own name, or it may be required to appoint a nominee. A nominee shareholder may be an individual or a body corporate. Brokers adopt the practice of creating a company to act as a nominee shareholder to ease the administration of buying and selling holdings on behalf of their clients.
SJPR Corporate Services will provide their clients all necessary documents in order to strengthen the message that the company belongs to the client and not us. A Power of Attorney (POA) will be given to you so that your right of possession is clear and legally enforceable.
SJPR can help clients set up a business account in the UK or overseas for their businesses. Due to all the relevant Money Laundering risks we will establish rules and procedures regarding the management of the bank accounts where the SJPR is the nominee in the account.
We charge a yearly fee in advance for:
- Nominee director
- Nominee shareholder
- Registered office address
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