NOMINEE SHAREHOLDER APPOINTMENTS IN THE BAHAMAS

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What is a Nominee Shareholder?

A Nominee Shareholder is an unrelated third party, who is officially registered as the holder of company shares and whose name appears on all official documentation and public records for the purposes of holding shares in name only or fulfilling a legal obligation. Those appointed can be individuals, companies, or unincorporated entities that are resident to The Bahamas and for International Business Companies (IBCs), can be based anywhere around the world.

Nominee Shareholder Advantages

Nominee Shareholder appointments have a number of advantages in corporate governance, notably the ability to preserve the identity of the beneficial shareholder, i.e. the individual or company that receives the income or dividends from the share ownership for personal or commercial reasons. Such appointments are also advantageous in circumstances where a second shareholder is legally required before a company can be incorporated and the company founder does not have personnel available to fulfill those roles.

In most case the obligations and benefits of the Nominee Shareholder appointment is governed by a declaration of trust which will stipulate that the Nominee Shareholder will not benefit as a named shareholder nor hold any legal claim over shares, thus protecting the beneficiary owner’s assets. Nominee Shareholders rarely hold an official role in the company, nor do they have access to bank accounts or make any decisions in company affairs.

How Can We Help?

Our Firm provides Nominee Shareholder services through our corporate service affiliate, Secured Management Services Ltd., a Licensed Financial & Corporate Service Provider and licensee of the Securities Commission of The Bahamas and available for appointment. For further assistance, feel free to contact our offices via email at info@ljc.email or telephone at (242)806-1290.

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