Nominee Services

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Appointment of the Nominee Shareholders and Nominee Directors is mainly significant for the companies registered in the countries where the names, addresses and citizenship of the owners and directors are recorded in the state register, if such data are available to public (disclosed in the Internet at the official governmental sites or published in the special periodicals – Public File).

The ownership or management of the company when the owners do not act on their behalf neither as the owners nor as the directors is very common in the international practice. For such purpose upon the registration of the company its shares are registered in the name of the Nominee Shareholders, the rights for management are granted to the Nominee Directors, and, accordingly, the names and addresses of the Nominee Shareholders and Directors are indicated in all official documents and registers.

The international practice ensures the legal protection of the Beneficiary Owners of the company. Together with the documents in the name of the Nominee Shareholders the Declaration of Trust is executed in order to certify and evidence the true owner of the company’s shares. Such document specifies the liability of the Nominee Shareholders in the case of abuse of powers. The rights of Nominee Directors and their liability to the Beneficiary Owners shall be regulated by the bilateral nominee services agreement with the detailed specification of all obligations of the Nominee Directors including the liability for careless performance of the instructions of the Beneficiary Owners.