Nominee service is an intermediary ownership and management tool, meaning the appointment to official positions in the company (director, shareholder, manager or secretary). Nominee persons, both physical and legal. where a person is appointed as manager, director or shareholder having no discretion over their actions; they can only act in accordance with instructions from the beneficial owner. N. R. Doshi and Partners has the expertise and resources to handle it in the most professional manner. Provision of the
nominee service is beneficial in UAE as well as international clients for a number of reasons, including that you do not need to be in the United Arab Emirates or even a citizen of the country to register a private company with the UAE based nominee person/ company. Another benefit of a company formation with a nominee is that the real owner can protect their anonymity, as they will not be listed on the official records.This provides a level of personal security or protection for the individual interests conc
Now, as you have acquired the basics of nominee services, you need to know what you can or can’t do with your nominees. To get started, here are three things that you need to know about nominee services:
You can use nominee services to protect your investment strategy and details on your asset allocations – not disclosing your assets to any of the authorities. Tax evasion and money laundering laws require cautious consideration when using nominee services. As mentioned above, nominees offer some layers of protection against non-governmental entities – such as your competitors, relatives, creditors or even private investigators – but not against governmental authorities.
A nominee service protects clients during public inquiry and from “bad” people, such as nosy people and the preying eyes of competitors. However, upon request, you may reveal your real identity. This may be the case when you are, for some reasons, under investigation for questionable business practices, and would like to defend yourself by revealing your identity publicly.
Nominees are your company’s directors and shareholders – on paper. You, the real owner, are still the one who is responsible for day-to-day business activities – and enjoy all the benefits from the activities. If you want to, you could refuse to reveal your identity to the authorities, but doing so is illegal – continue at your own risk. day business activities – and enjoy all the benefits from the activities.