Nominee Services

Nominee Shareholders or Directors may be nominated before the formation of a company or before the title of the assets is passed to them. Nominees in general are representatives/agents or trustees of the actual owner who continues to have control of the assets which the nominees hold on his behalf. Nominees normally sign either a trust deed or a nominee/management agreement so that they are legally bound to exercise their rights and obligations in a fiduciary way. By law, a fiduciary undertakes to act for and on behalf of his beneficiary (his Principal) in a particular matter in circumstances which give rise to a relationship of trust, confidence, and undivided loyalty. A fiduciary has the the highest standard of duty and care in equity or law so that there must be no conflict of interest between him and the beneficiary. The fiduciary must not profit from his position or knowledge that comes with it and is only allowed to be paid a stipend if he is a professional service provider.