Conceal real shareholder or director from public: According to Hong Kong (as well as some other countries) Company Registration Law, shareholders and directors have to submit their personal detail to the related department for database backup and will be disclosed to public. Some investor and company management will appoint others (friends, relative or some professional corporate service company like us) to be a nominee shareholder or director in order to conceal from disclosure of their personal information to public. By doing this step, only the nominee shareholder and director information will be disclosed to public.
Simplify Company Structure: A company can have many shareholders and directors, but when doing some business activities, the more shareholders or directors will lead to more administrative work. Such as opening a bank account, banks will request shareholders’ and directors’ personal asset reference, in order to prevent so many documentary works, many will choose to use nominee shareholder or director to reduce register shareholders and directors.
Reduce time cost: When real shareholder(s) or director(s) is not Living in Hong Kong, making use of nominee service can help them to sign documents for many business activities, such as bank account opening, the real shareholder or director do not need to come to Hong Kong for the documentary work.
Nominee shareholder: In order to protect the real company investor benefit, an agreement for appointment and as pre-signed share transfer agreement will be prepared. So the real investor can transfer all shares to themselves or other third parties whenever they want.
Nominee director: An agreement will be signed to ensure the nominee must follow the instruction of the real investor to protect their benefit. On the other hand real investor(s) have to guarantee the nominee director take any liability or responsibility for real investors’ decision in black and white.
A nominee can be a local resident or a corporation, and they will be in charge of the registration process of the company.
A nominee will act as a company local representative for receiving legal and taxation documents
In some countries, incorporate an offshore company (also known as oversea company or international company) requires appointment of local agent for the registration according to law. This is because most government do not want to handle foreign application directly, by getting this through by the local agency, they can help the government to do the offshore company management, receiving fee and arrange all documentary works.
Company registrations are complicated and request professional knowledge, please take care of the process. Even a very tiny mistake will bring to an unpredictable loss or liability in future. Therefore please be care when choosing registration agency, no to choose any dilettante agent just because of lower price.
Different industries may have different requirements and registration process. Only professional agencies have enough knowledge to provide registration service for some industries.
Appointing us to be you agent for company registration helping you get through the registration faster and more reliable. We have professional corporate consultants, accountants and lawyers provide pre-register and post-register corporate service for you.
If you would like further information, please contact Miss Yu for free advisory. (852) 2155 9987
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