YEARLY CHARGE FROM £455.00
This British company formation with nominee director package is especially for non-UK residents, who are requiring forming a company with a domiciled address in London & nominee director.
The following benefits are included into this UK company start-up offer:
ANNUAL FEES FROM £505.00
This private company registration with nominee director package is especially for non-UK residents, who are requiring registering a Scottish private company with a domiciled address in Edinburgh & nominee director.
The following advantages are included into this Scottish company formation offer:
ANNUAL FEES FROM £505.00
This limited company start-up with nominee director package is especially for non-UK residents, who are requiring setting-up of a Northern Irish limited company with a registered address in Belfast & nominee director.
The following services are included into this company establishment in Northern Ireland offer:
ANNUAL FEES FROM £505.00
This company limited by shares set-up with nominee director package is especially for non-UK residents, who are requiring starting of a UK based company with a domiciled address in Liverpool & nominee directorship.
The following services are included into this incorporation offer:
For those people who are looking for a new company registration with a nominee director, Coddan has the expertise and resources to handle it in the most professional manner. Provision of the nominee director service is beneficial to our international clients for a number of reasons, including that you can establish a firm in the Great Britain, but do not want to sign contracts or agreements by your own. You can run your business entity by using the general power of attorney. Please note, that your nominee director cannot be used as the person with significant control of your entity. The beneficiary owner, or a third party, who own the entity and manage the full control over the firm must be registered as the person of the significant control. Nominee directors never were and will never be named as the legal owners of your firm.
The provision of a nominee director services: please take upon your consideration, that we do not provide the nominee director services, or appointment of a nominee director separately from a company start-up. In the case if you want to use a nominee director for your currently incorporated entity, you will need to transfer it administration and its registered office address to Coddan. Please contact us for the further clarification if it is needed.
If you've any questions then please get in touch with us! Mail: email@example.com. We aim to reply to all emails within 24 hours. If you are rushing please feel free to call us between 9.30am-6.00pm Monday to Friday by telephoning + 44 (0) 207.935.5171 or (0) 330.808.0089 (national rates) and chat further.
Company registration with nominee director services: the nominee director will instead be listed on the official records, and will officially have control of the limited company. However, to offer reassurance to our clients, we provide a general power of attorney document that hands control to the actual company owner.
We also provide a signed and undated resignation letter, so that the nominee director can be changed at any time. We issue a number of other documents that ensure the authority over the new private company is with the real owner. We provide a nominee directorship agreement setting out the details of the arrangement, including the particulars of the different parties involved, which are the nominee director and the real owner of a company.
Our indemnity letter confirms that the new company is in the entire control of the actual owner and not the nominee director, and that the owner has full legal responsibility for the new enterprise. A declaration of beneficiary owner document is also provided by Coddan, and is invaluable if it's required to show who the real owner of the company is. It says the nominee director is for official records purpose only.
For clients who have one or several other firms, the setting up of a company with a nominee director is a good way of ensuring that their involvement in the new venture is not known by competitors, particularly if expanding into new markets or regions of the country. You will be listed as the person with the significant control, but your name will not be listed as a business director.
Company set-up with nominee director services it could also be that a client had difficulties with customers and or suppliers with a different company that they owned and ran, one that may or may not still be operating. Registering a new private company where they are listed as a director could prove problematic should those customers or suppliers find out, and so using a nominee director avoids that potential risk.
A nominee director, and the person with significant control: nominee directors are generally appointed for the public record only, and in most cases have little or no influence over the day to day running of the company. In this case the person who qualifies as a PSC will generally be the beneficiary or/and the person(s) who hold the general power of attorney. We will never appoint our nominee director as the person with the significant control (aka beneficial owner).
In spite of the fact that there are some express necessities in the CA which express that shadow directors will be at risk similarly as de jure directors, e.g. director disqualification, acting beyond their duties and in connection to wrongful trading, it has not dependably been certain whether they likewise owe fiduciary duties.
This was addressed in the 2013 High Court ruling in the case of Vivendi SA and Anor v Richards and Anor, where the court held that shadow directors will normally owe fiduciary duties in connection to the instructions they have given to the de jure directors. The court further held that a duty of good faith would exist when such instructions or directions exist.
In achieving their decision, the court noted that it is normally the case that a shadow director will have accepted accountability for acting in connection to the companies undertakings and will have asked the de jure directors to practice their power that exist only for the advantage of the company. The court likewise expressed that a man who gives bearings or guidelines to the companies de jure directors in the conviction that they will be followed up on, can reasonably be portrayed as accepting accountability for the companies affairs, at least in relation to the specific instructions that would have been communicated.
Therefore if an individual qualifies as a shadow director, they should expect to act as per the obligations forced on by de jure directors, as inability to do as such may bring about liability.
Forming a limited company in the United Kingdom using a nominee director is among the services provided by leading company start up agent. You can have your company established in no time, and at little cost. Under company law, when setting-up of a limited company there must be at least one director and shareholder as well as a company secretary can be appointed to help with the legal aspects of a company maintenance, and in this case, the director and the secretary must be different people.
The director of a company is the person who is in charge of its operations, but for various reasons, when creating a private company, some people prefer to use the services of formations agents who can provide them with a nominee director service.
There is no need to worry, however, that a nominee director is going to take over the company and direct its operations. As part of our nominee director service when establishing a limited company, we provide the real owner with a general power of attorney allowing him or her the authority to run the firm themselves, and they have full legal and financial responsibility for the company.
We also provide a pre-signed and undated resignation letter from the nominee director, so that you can easily change the director at any time. This letter will be important later on, if, for example, you wish to be officially recognized as the company director.
The provision of a nominee director services: please take upon your consideration, that we do not provide the nominee director services, or appointment of a nominee director separately from a company registration. In the case if you want to use a nominee director for your currently registered company, you will need to transfer it administration and its registered office address to Coddan. Please contact us for the further clarification if it is needed.
Shadow directors are liable to statutory obligations in the Companies Act 2006, for instance, to announce their interest for a proposed exchange and to act in the way they consider, in compliance with common decency, and work in the interest and for the benefit of the company and its members in general.
The definition of shadow directors is a person or individual who regularly offers instructions that ought to be followed at all times.
To fall short of the shadow director qualification, you must ensure that you differentiate option from instructions when communication with the board.
The key is to maintain a strategic distance from an example creating whereby the board winds up plainly acclimated to following up on your guidelines. Doing the above activities once, or even twice, may not present a risk – but rather the more it happens the more prominent the risk.
As your nominee director, we will not go and open a bank account for you, because: a) we will not lie to the bank officers, that this is our own company and we are responsible for the day-to-day management of your business. b) we prefer to be named as a nominee director, but not as a managing director. As the nominee director, we are charging a few hundred pounds a year, when the managing director must receive the monthly-based salary.
We also will not apply for any kind of the merchant or PayPal accounts for behalf of your organisation, which requires to accept the business risks and the personal guarantee. The holder of the general power of attorney should take care about bank accounts by his own. We can assist with the banking accounts introduction only; but the account holder will be the person who holds the general power of attorney.
We also do not provide a nominee director service for any kind of regulated businesses and for such activities, which are requiring the licensing.