Nominee Shareholders for Offshore Company | Helpful Definitions

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Category: Offshore Dictionary

Nominee shareholders for company in UAE and other countries are the shareholders being nominated as the company registered shareholders (registered in the companies registry) whereby such nominee shareholders effectively do not have any rights on the company whatsoever.

Appointment of nominee shareholders is done for the purpose of protecting the confidentiality and privacy of the information on the beneficial owners of the company. When appointed as the nominee shareholder such nominee shareholder signs the respective nominee shareholder declarations that he acts solely as the nominee shareholder and does not have any rights whatsoever on the company. Along with such declaration nominee shareholder also regularly signs undated shares transfer form to the beneficial owner thus, at any point of time, if the beneficial owner wants to transfer the company ownership to his name, such transfer can be easily done.

Nominee shareholders are commonly appointed for the offshore companies in typical offshore jurisdiction such as Seychelles, British Virgin Islands, Panama, Belize, etc. as well as, in some cases, for the offshore and onshore companies in UAE.

Nominee shareholders can be appointed in the UAE offshore and onshore companies, whereby such nomination, under consideration of some specifics of the UAE laws and regulations, shall be executed with due caution. This is due to the fact that there are no clear regulations in UAE on nominee shareholders for the companies in Dubai and other emirates of the UAE.

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