Use a UK trust to replace a nominee director and a nominee shareholder: setting up a UK trust to protect the person of significant control of the limited company - how to protect the beneficiary owner of a private company is a frequently asked question. Set up a trust with Coddan Formations Agency makes the person of significant control rather than the legal owner, and is one way to ensure that the owner's interests are well protected. Start up a trust to replace a nominee director and nominee shareholder: simply put, a trust is a mechanism for dividing the ownership of an asset into two sections - the legal ownership or title of the asset, and the beneficial ownership; that is, the owner who will profit financially from the asset. In a financial setting, by way of example, you may find a stockbroker who is the registered holder of the shares. If you wish to setting up a trust or looking for a person of significant control protection, please contact us.
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Protect the person of significant control: the first option of the trust start up in the United Kingdom is the fastest process with online trust establishment, and printed documents as well.
The following benefits are included into this start up of a trust in London package:
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Protect the person of significant control: this British trust start up package is especially for clients, who are requiring setting up a trust with a registered address, local agent & a nominee trustee; bank account upon request.
This trust set up offer includes everything in the first option, together with the advantages of:
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Protect the person of significant control: this is one of the most popular trust starts up packages with offshore bank account, as an additional option to the nominee trustee & registered office address in London.
This trust registration offer includes the following:
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Protect the person of significant control: this is our most comprehensive trust creation package with all documents verified by solicitor or notary public & certified by the apostilled stamp or apostille seal affixed.
This trust setting up offer includes everything in the third option, plus:
Setting up a trust online to replace a nominee director and nominee shareholder: trusts suffer to a degree from a history of bad press; the super rich hiding their assets offshore, or the irresponsible young financing a playboy lifestyle with a trust fund are popular preconceptions. However, while there may be a grain of truth in some stories, trusts are important financial devices that offer a considerable degree of flexibility in a variety of situations. All registered trusts are required by law to have an identifiable beneficiary. This is generally an individual person, although it is perfectly allowable in law for the named beneficiary to be a company.
However, the shares are held for the benefit of the customer, who is therefore the beneficial owner of the portfolio and receives the financial income. Coddan Formations Agency have a vast wealth of experience in setting up and maintaining trusts for the benefit of our local and international customers.
In practical terms, an asset held in trust does not differ significantly from any other legally held asset. The beneficiary owner maintains day to day control of the legal limited company and is able to make all the decisions that he or she normally would, were the company not subject to a trust. Trustees must act in the best interests of the trust and should not have a conflict of interest. Thus it is easy to see how this arrangement could be of significant benefit to the private company owner who wishes to protect his or her assets via the trust starts up.
Setting up a trust in the United Kingdom can protect the person of significant control of a company: the government often now requires specific names of beneficiaries, rather than just corporate contact details, to be provided for their register of persons of significant control. For some owners, this may come as a cause for concern, but a solution for protecting your anonymity is setting up a trust.
A trust can often be named as a company's person of significant control, which can give company owners more control over their personal information. Coddan Formations Agency can set up your trust and undertake all of the necessary incorporation and registration work required. We can offer specialist advice on trust law and advise on the best trust format to meet your needs, provide administrative support and produce relevant documents.
At Coddan Formations Agency we offer a wide range of nominee options and services, so you can setting up a trust with us and replace a nominee director and nominee shareholder in your company. We endeavour to simplify what can seem a complicated and lengthy process involving lots of paperwork. In fact, with our service everything can be completed online, with the new company structure in place and ready to trade in 24 hours or less.
As you no doubt already know, all companies in the Great Britain have to provide a named director, their residential address, and other personal details, when the company is registered at Companies House. The same applies if you are also a shareholder of the company limited by shares.
If anonymity is important, having a named nominee director and nominee shareholder can be the ideal solution as it allows you to keep all personal details out of the public domain, while continuing to trade as normal. If you already have a nominee director and shareholder in your company you wish to replace them, we can take care of this for you with our fast and efficient online service.
Our experience will save you time: to get the ball rolling, simply complete our online form with the relevant information, pay our modest fee upfront, and we can take it from there. We'll need your authentication code, which was provided by Companies House when you or your appointed agent at the time first registered the company. If you don't have the code to hand, we can apply for a new one on your behalf.
We then terminate the appointment of the current nominee director and shareholder in your company and register the new nominee. Once the new nominee agreement is drafted and signed by you and emailed to our offices, you are free to get on with business.