Company formation with nominee director services: for people looking for a company formation with a nominee director, Coddan has the expertise and resources to handle it in the most professional manner. Provision of the UK nominee director service is beneficial to our UK and international clients for a number of reasons, including that you do not need to be in the UK or even a citizen of the country to register a company with the UK based nominee director. Another benefit with company formation with a nominee director is that the real owner can protect their anonymity, as they will not be listed on the official records at Company House. This provides a level of personal security or protection for the individual interests concerned.
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 formation. In the case if you want to use a nominee director for your currently incorporated 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.
ANNUAL FEES FROM £425.00
This company formation package especially for expatriates & UK residents, who are requiring forming a company with a nominee director and registered office address in London.
The following documents will be sending by post upon the formation of your company with nominee director service:
ANNUAL FEES FROM £425.00
This company formation with nominee director & certified power of attorney is for people, who are requiring forming a company with a nominee director and registered office address in London.
This company formation with nominee director offer includes all services mentioned in the first option, plus:
ANNUAL FEES FROM £725.00
This offer is for customers who want to form a company with the UK citizen as a nominee director and with impressive bound documents.
This deal includes all company formation with nominee director benefits mentioned in the first option:
ANNUAL FEES FROM £425.00
This company formation with nominee director package especially for customers, who are requiring forming a company with a nominee director, registered office address in London, & bank account in EU country.
This company formation offer includes all benefits & items mentioned in the second option, with the addition of:
ANNUAL FEES FROM £455.00
This company formation with nominee director package especially for non-UK residents, who are requiring forming a company with a legal address in London & nominee director.
The following items are included into this UK company formation offer:
ANNUAL FEES FROM £455.00
This company formation package especially for clients, who are requiring forming a company with a nominee director, business address in London, & the apostilled set of documents.
This company formation with nominee director offer includes everything in the first option, together with the advantages of:
ANNUAL FEES FROM £755.00
This is one of the most popular company formation with a UK citizen as your nominee nominee director packages, as an additional option to the previous options, when your nominee director is the legal resident of the UK.
This offer includes all company formation benefits mentioned in the first option:
ANNUAL FEES FROM £455.00
This company formation option especially for customers, who are forming registering a company with a nominee director, registered office address in London, & bank account in EU country.
This company formation package includes all benefits & items mentioned in the second option, with the addition of:
Company formation with nominee director services: the nominee director will instead be listed on the official records, and will officially have control of the 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 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, setting up 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.
Company formation 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. Forming a new 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.
Company formation with a nominee director: there are a number of positive benefits when setting up a company formation with a nominee director, one being the anonymity it affords the real owner. The set up means their identity will not be on the Company's House official records, giving a degree of protection. It is the nominee director who would be listed with Company's House, and have control of the company officially. The actual owner would retain control through the implementation of a power of attorney document. Coddan has the resources and expertise to establish the company formation in a timely, efficient and professional manner, making it streamlined and effective when setting up a company formation with a nominee director. If you need an assistance with company formation with a nominee director service, you can also speak to our business advisors between 9.30am-6.00pm Monday to Friday by telephoning + (0) 207.935.5171 or + (0) 330.808.0089 (national rates).
Private or public company formation with a nominee director: forming a company in the UK using a nominee director is among the services provided by leading company formation agent Coddan. You can have your company established in no time, and at little cost. Under company law in the UK, when registering 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 setting up a company, some people prefer to use the services of company formation agents who can provide them with a nominee director service. This provides a level of confidentiality for the actual director of the company, even if they are not registered at Companies House and don't appear on the official records, but instead the nominee director does.
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 forming a limited company, we provide the real owner with a general power of attorney allowing him or her the authority to run the company 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 recognised 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 formation. 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.
If you are in the process of starting a new company in the UK, you will need to appoint a director and a shareholder. These names will be registered at Companies House, and they will be a matter of public record. However, you may want to keep your involvement in your new company private, so appointing nominee directors may be the best course of action to follow.
At Coddan, we provide a comprehensive service which appoints nominee directors and secretaries to new and existing companies. For a relatively small fee, we can appoint fit and proper persons to act as directors of your new company, so you can remain anonymous. To allow you to operate your company on a day-to-day basis, we can issue a power of attorney allowing you to do so. However, is it legal to appoint a nominee director to a UK company?
A recent court case brought by the Department of Trade and Industry in Manchester changed the status of nominee directors. Although they are appointed on a nominee basis, they are legally accountable for the actions of the company. Therefore, if the company is suspected of fraud, tax evasion or any illegal activity, it is the nominee director who will be accountable. Appointing nominee directors in the UK is completely legal - and a relatively common practice - but it puts the burden of responsibility with the legal directors.
As long as you are a British national, you can set up and run a business in the UK from almost anywhere in the world. Even if you do not have British citizenship, it is possible to operate own a business in the UK, although you will be restricted as to what you can do here. At Coddan, we can provide individuals and companies to act as directors of your business, and in some cases, Coddan can act as a nominee director.
There is no requirement for the officers of your company to be the UK citizens or residents, or for them to hold the valid work permits. If you want to form a private company, public company or a company limited by guarantee with a nominee director service, we can help to achieve this goal. We can set up a new company and appoint a nominee director service straight away; we are charging the annual fee for the provision of a nominee directorship for your company.
Why do people use a nominee director service to form a company? There are a number of potential reasons for using a nominee director when forming a company, and the experts at Coddan Ltd have many years of experience in this business area. The needs of each individual company will always vary to a certain degree, but our specialists will always perform a thorough analysis of each set of circumstances before advising on the best possible route to incorporation.
Appointing a nominee director is all about maintaining the secrecy of the true owner of the company or business, and all of this is done in a manner that is entirely legitimate.
All registered companies appear on the official register that is kept by Companies House, along with the associated named directors. If you do not wish to appear on this database for reasons of confidentiality or business sensitivities, a nominee director can be appointed to be the official public face of the company. In reality, you will still be the individual that is in total control of the business - this is maintained with the use of a power of attorney document or similar facility.
In the event that the arrangement is no longer desirable, a pre-written letter of resignation can be kept on file that can essentially be 'activated' at any given time.
If you are currently located outside of the United Kingdom, you can also use a nominee director to get a company registered when it is essential to maintain some kind of official UK presence. For other necessary documents, including the mandatory reporting of company accounts, the nominee director can appear as an official signatory - this means that all of the required formalities can be completed in a timely manner.
What are the benefits of using a nominee director for a company formation? At Coddan Ltd, our team of experienced and knowledgeable advisors are available to advise you about the best possible form of company organisation. We often receive enquiries about the use of a nominee director in this type of business arrangement, and we can quickly identify whether or not this set-up would work for your specific needs and requirements.
A nominee director is most useful in situations where it is necessary for the true owner (or owners) to remain anonymous in terms of official company records.
For reasons of business and commercial sensitivities, it may sometimes be necessary for your name to kept away from any documents that provide an official record of the company. The most commonly known example of this in the UK is the official register of incorporated businesses that is kept by Companies House, and the services of a nominee director can be used to make sure that you do not appear within this listing.
This named individual is officially in control of your company, but from a legal perspective you remain in absolute charge with a legal agreement in place (this can be a power of attorney document). Another advantage of this type of situation is that it can remain in place until it is no longer required - reversing the process is simply a matter of keeping a signed resignation letter on file that has been drafted by the nominee director.
Appointing this type of director is also useful when a business address needs to be kept away from official records. A nominee director that is arranged by Coddan Ltd will have their own dedicated address that can be used for reporting purposes, and the practical operating address remains undisclosed.
This practice is entirely legitimate, and it is administered by our experts to ensure that the necessary legal formalities are completed in a timely manner (these include processes before and during the formation of your company).
For more information about appointing a nominee director, get in touch with Coddan Ltd today for an assessment of your exact business requirements.
Benefits of a UK national nominee director: at Coddan, we pride ourselves in offering a nominee director, nominee secretary and nominee shareholder service that allows you to keep your involvement in your new company private. Whether you are setting up a UK business from overseas or you have existing business partners that you'd rather keep your involvement from, our service gives you all the benefits of ownership without the public exposure.
The nominee directors we can provide perform as proxies - acting on the behalf of owners in a public capacity. We will arrange for a power of attorney to be granted, and in some cases, we will arrange for one of our existing companies to perform the role of nominee director. While the nominee director remains ultimately accountable for the operation of the business, you can run your business as you see fit.
All directors are subject to the Companies Act 2006, and failure to uphold their legal obligations could lead to disqualification. While we endeavour to provide this service to every business, we assess the merits of each application on a case by case basis. The full details of any shadow director must be given via a Deed of Indemnity, and our strict guidelines must be followed.
There are a number of benefits involved in appointing nominee directors. For instance, you may be involved in another company, so appointing a nominee director will ensure that your involvement stays off the company records. You may be already operating in the same industry, and previous problems with customers may make running a new business difficult. The service we provide could allow you to operate your own company without having your name registered at Companies House. We, in effect, give you power of attorney to act as an executive officer within your own organisation.
When going through the process of forming a company, it may sometimes be advantageous to appoint the services of a nominee director. Coddan Ltd can advise you about how this type of arrangement could benefit your business, but at the same time, it is vital to be able to distinguish between the positions of "nominee director" and the "shadow director".
There are a number of legal formalities that are involved when setting up this system of organisation, and it is extremely important to be able to show that these two separate entities are clearly defined - this is a requirement to ensure the legality of having a nominee director.
What are the main differences between a nominee director and a shadow director? A nominee director is defined in law as the individual that appears on official business records at Companies House, and their name and address shows up when any organisation wishes to conduct a search of this database. However, this named party will not be in true control of the company - it is in fact the shadow director that retains full control of the business.
Although they are not named in any official, public-facing documentation, their details will in fact be specified in another type of document that is necessary for the passing of full control. This can be a regular drafted power of attorney document or something of a similar nature, and the shadow director is usually the individual that has decided to appoint the services of a nominee director in the first instance.
At Coddan Ltd, we have many years of experience in setting up and forming new companies. When a client approaches us to initiate this type of arrangement, we are able to provide expert levels of insight into the best approach for this, and a popular route to incorporation is to name a nominee director - this is something that we can provide for reporting purposes. Although this named individual appears on official records that are kept by Companies House, it is very important to remember that the beneficiary owner will always remain in complete control of the company, and this means that they will also be legally responsible for company affairs at all times.
With this arrangement, the nominee director is the named party on a power of attorney letter, and this document will also contain the details of the actual individual or individuals that are in full control of the business - the beneficiary owner. At Coddan Ltd, when we arrange for the appointment of a nominee director, we carry out the legal formalities professionally and diligently, and this ensures that you have complete control over company affairs, bank accounts and other processes.
By making this distinction 100% clear from a legal perspective, that also means that you are legally responsible for any actions of your company - this will always be backed up by documentation to this effect. While this type of business set-up is entirely legal, providing the necessary levels of anonymity for you and your business partners, it cannot legally be used to remove levels of responsibility from those that are in charge of the company.
At Coddan Ltd, when a client approaches us to organise the appointment of a nominee director, one of our main responsibilities is to ensure that all of the necessary documentation is drafted and signed in a professional manner. In order for us to comply with the current complex and far-reaching legal guidelines, we require a number of documents to be sent to us for inspection before proceeding with the appointment of a nominee director, and these can be posted to us, or scanned and emailed over as an attachment.
When the documentation is put together, the most important element from our perspective is that the true owner of the company is named and identified accordingly - the beneficiary owner. We cannot include these vital details on any document until we have seen proof of identity, and this can be sent in the form of a passport scan (the page with photos and personal details) or a birth certificate. A government issued driving license may also be acceptable, but in most circumstances it is advisable to contact Coddan Ltd to ensure that the proof of ID can be used to validate your name for this type of arrangement.
It is also extremely important to be able to provide full proof of your address - this is because you are ultimately responsible for the actions of your business at all times. In the event of any kind of investigation, we need to be able to show the true premises address of a company, and this is all explained clearly before finalising the formation of a company with a nominee director.
Providing the necessary documentation is a vital step in the process of setting up a nominee director, and our team at Coddan Ltd always ensures that this takes place in a timely and professional manner. The overall objective is to ensure that while the nominee director is officially named as being the party in charge of an formed company, the actual control of a business rests with the beneficiary owner.
To maintain the legality of this type of business arrangement, a number of documents are drawn up to make all elements 100% legal and verifiable in the event of an inspection.
Nominee directorship agreement: this can be considered as an overall 'summary' of the arrangement, and it includes the details of each party - showing both the nominee director and the beneficiary owner. Naturally, the only section that will appear in Companies House records will be the details about the nominee director.
As the part of the nominee director services, you will also get the signed, but undated resignation letter from your nominee director, which allows you to accept the nominee resignation at any time, and appoint your own candidate to the role of a director of your limited company.
Nominee director indemnity letter: this document (nominee director indemnity agreement) acts as confirmation that full control of the business rests with the beneficiary owner, and not the nominee director. Comprehensive information about the beneficiary owner will be displayed here, and this is a vital legal step to show that you are 100% responsible for the actions of the company, with the nominee director simply acting as the public-facing director of the business.
Declaration of the beneficiary owner: for the overall protection of the true owners of a business, this document shows that actual ownership of the company rests with the beneficiary owner - it is a further document to ensure that the nominee director is purely a named party in official records. In the event that proof of ownership is required for business or operational reasons, this validated document can be used to clarify the situation.
The general power of attorney: in order to carry out a variety of activities, including opening and operating a bank account, a general power of attorney document is necessary to show that you are entitled to proceed as the controller of a business. If your name does not appear in Companies House records, this alternative proof is vital to show that you have the power to act on behalf of a company. The general power of attorney comes together with the special meeting of the board of directors, who authorise to issue this document.
Professional company nominee director services: Coddan Ltd prides itself on being a company of excellence. The company is comprised if a team of companies formation expert, professional, legal representatives who are on hand to talk you through your options and help you make an informed decision. If you are considering using the director nominee services, Coddan is the company that you can put your faith in and trust.
Despite only having a nominee role in your company, Coddan has a fiduciary duty to act in your best interests and to protect your money and assets. With accepting the responsibility of acting as a nominee director, Coddan is selective when offering this service. We review your application carefully, treating each client as an individual, to ensure that we can confidently offer the best nominee directorship service to your company.
As a nominee director for your company, Coddan serves two roles; it protects your privacy and security by providing the company mailing address and, it takes a lot of the major legislative stress from your shoulders by filing your annual returns.
Will the nominee director sign contracts and agreements for my company behalf?
The short answer to this question is, "Yes".
Coddan does not become a day-to-day manager of your company when taking on the role of nominee director. Coddan's function is to shield and protect. You retain full control of your company and its monies and assets. Coddan does sign the bank mandates as a director of your company and presents for ID checks and the control of company documentation remains with the client, but we do not take the role as your bank account manager.
Our promise of excellence to you: -
The provision of a nominee director services: please take the note, if you will require signing a contract, or an agreement by the nominee director of your company, we can do it for you. However, we are charging a fee for signing contracts and agreements, and you will need to provide indemnity letter to your nominee director every time when you need to have contract signed by a nominee director.
When our company formation team at Coddan Ltd is asked to initiate the services of a nominee director, we find that it is extremely important to explain the arrangement clearly at the outset - this includes specifying exactly what the nominee director is responsible for, as well the obligations that rest with the beneficiary owner.
For official company activities such as opening and operating a bank account, the responsibility for this will always lie with the beneficiary owner or owners of a company, and this is due to the fact that a nominee director is purely used for appearing in official records as the director of a company (such as the Companies House database).
Once we have drafted the necessary documents, you will notice that a general power of attorney document has been included - this makes it perfectly clear that you are entitled to open a bank account in the name of your company, as well as to continue to operate and maintain it. A nominee director will not be able to take control of a company bank account, as this is outside of their official remit of simply appearing as the public face of a business.
Although the bank may see the name of the nominee director appear in official records, this document will prove that you are in fact the party that has full legal authority to proceed.
Although a nominee director will not be able to take responsibility for a company bank account, it is possible for this party to be used as a secondary signatory when it is required (such as for certain documents and cheques). This additional service is not offered as standard by Coddan Ltd, but we can discuss your specific requirements and include this under a separate arrangement.
The 'myth' that is often attached to the appointment of a nominee director: we have spent many years developing the reputation of Coddan Ltd in the business services marketplace, and all of this has been based upon operating in a manner that is legal, ethical and responsible.
Our companies formation experts have a detailed knowledge of the benefits that accompany the appointment of a nominee director, but there are still many clients that are sceptical of this arrangement - there seems to be a stigma that is attached to this type of set-up.
A common misconception (or myth) is that a nominee director is used as a cover for illegal purposes, such as tax evasion. In reality, the legal formalities that are involved make it impossible for this kind of activity to be hidden, and the beneficiary owner will always be 100% responsible for any misdeeds that occur. More importantly, they will also be entirely identifiable at all times.
When a nominee director is appointed, we provide a comprehensive set of documents and letters that outline the true set-up and nature of a business. Although the official Companies House database will only show the name of the company and the details of the nominee director, we keep full records about the beneficiary owner, and these can be presented in the event of any kind of investigation or inspection for the criminal activities or fraud.
Naturally, as a client you will also have copies of this information, as well as a general power of attorney and an indemnity letter to prove that you are in effect in control of the company. If you have heard elsewhere that a nominee directorship can be used to hide certain illegal activities, it is highly likely that this documentation has not been drawn up - either through complicity or just general naivety about the whole process.
What are the responsibilities and legal duties of a nominee director? In order to ensure that our clients are fully aware of the benefits and drawbacks of a nominee directorship, our experts at Coddan Ltd provide a thorough explanation before starting the process - this advice is tailored to the specific needs and circumstances of your business incorporation needs.
It is extremely important to highlight exactly what a nominee director is responsible for, as well the obligations that remain with the beneficiary owner that is in effect in full control of the company. It is worth remembering from the outset that a nominee director can only be appointed to appear in official records that are kept by Companies House, and not to take over any of the day-to-day operations that may be carried out by a company.
When a nominee directorship is put into practice, they will only be able to act as a signatory for a very limited set of specific activities. The most crucial of these is the signing of company annual returns, and annual accounts, but this will only take place once they have been compiled by the company's official accountants (these will then be forwarded to Companies House, keeping your signature and details away from the actual records).
In certain circumstances, a nominee director can also act as a secondary signatory on a company bank account, but this needs to be set up as a specific arrangement.
In practice, the most important duty for a nominee director is to ensure that the true name and identity of the beneficiary owner is kept away from official records and databases.
The power of a nominee director to resign from your company: all UK companies are required to register with Companies House in accordance with the regulations laid out by the Companies Act 2006. Among those regulations is a requirement to register the name of an existing company or an individual as both a company director and a company secretary. If you are starting a new company in the UK, but you don't want your name to be associated with it, the company formation agents at Coddan can help.
We have been appointing nominee directors on behalf of business owners for many years now. We can ensure that you are free to run your business as you see fit whilst keeping your identity private. Anyone can access registration information from Companies House, which will include all the names of company directors. However, if you want to remain anonymous, you can authorise us to appoint nominee directors and secretaries instead.
The nominee directorship service we provide will sign the both memorandum and articles of association, which are required to set up any company in the UK. We will then formulate a power of attorney document, which the nominee director will sign immediately after your company has been registered. This document gives you the power to operate your business in any way you see fit.
The nominee will then provide you un-dated resignation letter from your business, providing you with a signed letter to that effect. This puts you firmly in charge of your own company without having your name officially associated with it. This could be beneficial if you have existing business partners in other companies, or in situations where you feel your name could be detrimental to the commercial fortunes of the new business.
Until your nominee director resigns, and a letter of indemnity is signed by you, the law places all accountability for the company's actions with the registered board of directors. We will ask you to sign such an indemnity letter as soon as your company has been registered with Companies House.
This service allows you to legally set up a company and run it yourself without the need to make your involvement in it public, which could make running it much easier.
All legal terms about the business relations in between us and you are described at our terms and conditions, please read them carefully.