When forming a UK company, many business owners choose to use a nominee director and shareholder. This can be a good way to protect your privacy and assets, and it can also be helpful for tax planning purposes.

Why Using a Nominee Director and Shareholder to Form Your UK Company is a Good Idea

Nominees

When forming a UK company, many business owners choose to use a nominee director and shareholder. This can be a good way to protect your privacy and assets, and it can also be helpful for tax planning purposes.

What is a nominee director?

A nominee director is a person or company who agrees to be listed as the director of your company in Companies House's public register. This can be a useful way to protect your privacy, but it is important to note that the nominee director will still have legal responsibilities as a director of your company.

What is a nominee shareholder?

A nominee shareholder is a person or company who agrees to hold your shares in trust on your behalf. This can be a useful way to protect your privacy and assets, and it can also be helpful for tax planning purposes.

Why use a nominee director and shareholder?

There are a number of reasons why you might want to use a nominee director and shareholder to form your UK company:

  • Privacy: If you are concerned about your privacy, using a nominee director and shareholder can be a good way to keep your identity hidden. This can be particularly important if you are involved in a sensitive industry or if you are a public figure.
  • Asset protection: Using a nominee director and shareholder can also be a good way to protect your assets. If your company is sued or goes bankrupt, your personal assets will be protected.
  • Tax planning: Using a nominee director and shareholder can also be helpful for tax planning purposes. For example, you may be able to use a nominee shareholder to reduce your inheritance tax liability.

There are a number of benefits to using a nominee director and shareholder to form your UK company. If you are concerned about your privacy, assets, or tax liability, it is worth considering this option.

Published: 9/19/2023 6:50:46 PM

Why Using a Nominee Director and Shareholder to Form Your UK Company is a Good Idea

About CG Incorporations

We are professional UK Company Formation Agents providing quick, efficient and cost effective services to both domestic and international clientele. We offer everything you need to help your new business get started.

Author: Tripty Carpenter

Author: Tripty Carpenter

A driven and determined entrepreneur with over 12 years of experience in the corporate services and accounting sector, specialising in UK company formation. Tripty is the Director and founder of CG Incorporations limited, her drive, determination, and focus on excellent customer service have been instrumental in the company's growth and continual client happiness.

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