Dubai Nominee Services
Does your UAE company need a representative to act as a Dubai nominee shareholder?
You may need this service if your Dubai company's shareholders do not wish to disclose their identity, or your company does not wish to disclose its ownership of other companies for commercial reasons. A nominee shareholder will execute a declaration of trust in favour of the true owner of the shares, agreeing to exercise all voting rights and deal with the shares only in accordance with the instructions of the true ('beneficial') owner. The name of the nominee shareholder then appears on all public records relating to the shareholding.
The purpose of using nominee services for your Dubai/UAE Company is to ensure the highest degree of security and confidentiality.
The reasoning behind nominee services is to protect the identity of the client, ensuing discretion and anonymity. The motive of using nominee services is so that the nominee person(s) appears in the corporate documents other than the beneficial owner of the Company. However nominees have no control over the company and are not entitled to manage. A nominee is a person who takes a superficial interest in the Company's business and is basically there to sign documents accepting appointments.
Europe Emirates Consultancy provides nominee director, nominee shareholder and nominee company secretary services.
Why Use Nominees For Your Dubai Company?
In many countries it is a requirement of company law that the names and addresses of the company secretary, directors and shareholders are shown on public record. This means that if you are a company secretary, director or shareholder of a limited company your name and address and association with the company is available to any person or organisation that carries out a company search.
There are many legal and legitimate reasons why a person would not wish their association with a particular company to be public knowledge.
The only way to achieve this is to appoint a nominee to act upon your behalf.
How our Dubai Nominee Service Works
We offer three types of nominee, Dubai Nominee Director, Dubai Nominee Shareholder and Nominee Company Secretary. These services all differ slightly, but in each case the nominees name is filed with the Companies Registry so that any person carrying out a company search would see the nominees name and not our clients.
Our nominee director service works in the following way. We appoint a person or corporation as director. Any person or organisation carrying out a company search will see the nominee appearing on the company records. They will not see the name of our client.
Please note that the Companies Act 2006 now requires all UK companies to have at least one individual to act as nominee. Companies incorporated after 30th September 2008 cannot therefore use a corporate nominee director.
To enable our client to operate the company, as if they were director we provide them with a POA, which is a legal document empowering them to manage the company's activities.
We also provide the client with a nominee director agreement which defines the limitations of our role as nominee.
Both the power of attorney and nominee director agreement are confidential documents designed to ensure our clients privacy.
Our nominee shareholder service works in the following way. Our nominee company (one of our Nominee Companies or Individuals) will hold the shares in trust on behalf of our client. Any person or organisation carrying out a company search would see the nominees name appearing on the company's file as shareholder.
We provide our client with a declaration of trust which is a legal document confirming that we hold the shares in trust on behalf of the beneficial owner, and that should the owner at any time wish to take the shares back they may do so.
An original Share Transfer Form signed by us, but undated, will be issued to you, so that you can have the security of being able to transfer the shares at any time.
Nominee Company Secretary
Our nominee company secretary service works in the following way. We appoint a corporation as company secretary. Any person or organisation carrying out a company search will see the corporation appearing on the company records. They will not see the name of our client.
We provide the client a nominee company secretary agreement which defines the limitations of our role as nominee.