When arranging the services of a nominee shareholder, what documents need to be provided? If you are interested in setting up an arrangement that involves appointing a nominee shareholder, there are a number of steps that we need to take in order to remain compliant with legal guidelines and regulations.
At Coddan Formations Agency, we have many years of experience in this business area, and as a result we ensure that the necessary documentation is collected in a timely manner - this allows us to set up the arrangement as quickly as possible. At the same time, our professional and ethical approach means that all parties are protected throughout the course of the arrangement.
In essence, the initiation of a nominee shareholder circles around a key legal area - the ability to prove the true name and address of the beneficiary owner. Although a nominee shareholder appears in all public-facing records (such as the database that is maintained by Companies House), the beneficiary owner will always be ultimately accountable for any actions of the business. In the event of any kind of investigation, Coddan Formations Agency needs to be able to instantly provide evidence of the true company owner, and we can only draft these documents with the appropriate forms of identification.
A government issued form of identification, such as a passport or driving license, will usually be adequate proof of an individual's name. At the same time, it may also be possible to use this as a form of address, but it is always a good idea to get in touch with us before submission.
We can advise about the necessary amounts of documentation, and this will avoid any misunderstandings and delays further along in the process. Scanned copies of these will be sufficient in the first instance, and to complete the process we will also need to see the original copies in person.