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Benefits to register a business in Scotland

Limited company establishment in Scotland with nominee services

Scottish Company Registration With Nominees

Limited company establishment in Scotland with nominee services: Coddan Formations Agency is an established company formation agent with 20 years experience. We offer a number of company registration packages to Scottish residents and business owners who wish to register their private company in Scotland. One of the special services we provide if requested, is that of nominee directors, nominee shareholders, and nominee secretaries.

What is a nominee? A nominee is someone within our team or even a limited company that belongs to us, that can act as a proxy. For example, if you want to set up a limited liability company in Scotland, but one of your directors does not wish to be named on a public register at Companies House due to sensitive business or personal reasons, we can offer a member of our team to stand in for that director.

This is known as a nominee. Nominees can be directors, shareholders, and company secretaries, and are useful if you do not have the requisite number of people when starting out.

Nominee directors: although a nominee may have the title of director, they are not involved in the daily running of the company. The "real" or "shadow" directors still deal with all the management and daily administration of the business.

Nominee shareholders: a nominee shareholder is the registered owner of shares that are held on behalf of someone else. There are many valid commercial reasons why a shareholder might not wish to be publicly named as such. In addition, in some cases where a company is wholly owned by one person, but where its articles of association require the company to have at least two shareholders.

Nominee company secretary: a company secretary is one of the two people that used to be legally required for the registration of a Scottish limited company. Although this is no longer the case, Coddan recommends that this position still be utilised in order to maintain the structure of the Scottish private company. Where a client does not have a suitable person who is willing to accept the role of company secretary, Coddan Formations Agency is able to provide either a person or a limited company to fulfil that role.