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Nominee Director and Shareholder for BVI Companies

Protect your personal identity with a professional nominee director and/or shareholders while having total control of your British Virgin Islands company with a secure nominee agreement.

Included

Adds an extra layer to your identity protection

Included

Secured interests with a Power of Attorney (PoA)

Included

Professional nominees to accompany you

Nominee Director/Shareholder Service

Remote

Remote

Local nominees are available for you remotely worldwide.

Privacy

Privacy

Utmost personal identity protection and privacy solution

Compliance

Compliance

Comply with regulatory needs and annual form filings.

Affordable

Affordable

Professional nominee service at a very affordable cost.

Who is a Nominee?

The Nominee Director and Nominee Shareholder is a third party whose name will appear on the British Virgin Islands company's formation paperwork as well as in documents submitted to the Registrar of Companies of the BVI, ensuring your real identity is kept private and confidential.

  • Why do you need a Nominee Director and/or a Nominee Shareholder?

  • Your personal information can be protected from being revealed in British Virgin Islands government documents and public records.

  • An atmosphere of security and discretion is fostered by this additional layer of confidentiality and privacy.

  • Achieve the ability to manage operations and make crucial business decisions while enjoying the essence of total privacy.

RESPONSIBILITIES

Nominees for offshore companies

Find out the benefits and reasons to use a nominee director and/or nominee shareholder for your British Virgin Islands company

Residency requirements

Residency requirements

Nominees fulfill residency obligations as they enable the BVI presence without physical residency, simplifying operations and meeting local regulations for certain industries that require resident directors or shareholders.

Enhanced Privacy

Enhanced Privacy

Nominees shield beneficial owners' identities, safeguarding personal information from public records. This layer of confidentiality ensures privacy and protects sensitive details like addresses and contact information.

Ownership Structure

Ownership Structure

Nominees offer flexibility in ownership arrangements, allowing beneficial owners to tailor their company's structure to meet specific business objectives. This adaptability enhances operational efficiency and strategic planning.

Professional Expertise

Professional Expertise

Nominees bring credibility and professionalism to the company. Leveraging their expertise, beneficial owners benefit from industry knowledge and BVI insights, enhancing overall business operations.

Enhanced security

Enhanced security

Nominees provide a layer of security for sensitive transactions or intellectual property protection. Their involvement can mitigate risks associated with certain business activities, safeguarding valuable assets and interests.

Peace of Mind

Peace of Mind

Beneficial owners enjoy peace of mind knowing that nominees handle administrative and legal matters. With nominees managing specific tasks, owners can focus on core business activities, ensuring total compliance.

FAQ

Frequently Asked Questions

Find answers to frequently asked questions on the usage of a nominee director and/or nominee shareholder for BVI offshore company formation and ongoing management

Are nominee services legal for British Virgin Islands offshore companies?

Nominee services are legal and widely utilized for British Virgin Islands (BVI) offshore companies. They offer privacy protection, asset safeguarding, and compliance with local regulations while mitigating personal liability for beneficial owners. It's imperative to ensure compliance with BVI laws and regulations regarding nominee arrangements, including the requisite disclosures to relevant authorities.

Are nominee arrangements disclosed to authorities in the BVI?

Nominee arrangements in the BVI typically involve disclosures to relevant authorities as part of regulatory compliance. While offering confidentiality for beneficial owners, BVI law mandates certain disclosures to regulatory bodies, ensuring transparency and adherence to legal obligations. These disclosures may entail identifying nominees and delineating their roles within the offshore company, thereby upholding accountability and regulatory compliance.

Can I change or revoke the appointment of a nominee director or nominee shareholder?

Yes, changing or revoking the appointment of a nominee director or shareholder for a BVI offshore company is generally permissible. The process typically follows procedures outlined in the company's articles of association or pertinent contractual agreements. It may necessitate formal documentation and notification to the nominee and regulatory authorities, ensuring transparency and compliance with legal stipulations.

Can nominees act as Ultimate Beneficial Owners (UBOs) in the BVI?

Nominees usually do not act as Ultimate Beneficial Owners (UBOs) but serve as intermediaries or representatives for the true beneficial owners. While nominees hold legal titles to assets or shares on behalf of beneficial owners, they lack ultimate control or ownership rights. Beneficial owners retain rights to profits, assets, and decision-making authority, with nominees fulfilling fiduciary roles to execute lawful instructions.

To clarify again, nominees cannot act as ultimate beneficial owners (UBOs) and Vepapu does not offer such arrangements.

Do nominee services impact taxation for the British Virgin Islands (BVI) companies?

Nominee services for BVI offshore companies typically do not impact taxation. Taxation for offshore entities is primarily determined by the jurisdiction's tax laws, the nature of the business activities conducted, and the residency status of the company.

Do nominee directors or nominee shareholders have access to company funds or assets?

No, nominee directors or shareholders generally do not access company funds or assets beyond their specified duties outlined in the nominee agreement. Designed to provide privacy and compliance benefits, nominee arrangements do not grant nominees control over company assets or financial affairs. Their roles are usually limited to administrative functions, such as signing documents or attending board meetings, as directed by beneficial owners or governing documents.

Can I get a nominee arrangement for any business type?

Nominee services are offered for legitimate business activities, adhering to stringent compliance standards and ethical practices. However, they are not extended for illegal purposes or high-risk industries like money laundering, tax evasion, or activities associated with illicit financial practices. We prioritize compliance with regulatory integrity, refraining from engaging in ventures that compromise legal obligations or ethical standards.

How does the use of a nominee director benefit my offshore company in the BVI?

Nominee directors offer confidentiality and privacy, shielding owners' identities from public disclosure. They represent the company in official matters, preserving beneficial owners' anonymity. Additionally, nominee directors may provide expertise in local regulations, ensuring compliance with BVI laws.

Can I appoint both a nominee director and a nominee shareholder for my BVI offshore company?

Yes, it's common to appoint both nominee directors and shareholders for comprehensive privacy protection and compliance with corporate governance requirements in the BVI.

How are nominee director/shareholder fees structured?

Fees for nominee services in the British Virgin Islands start at around US$ 1,500 per year per nominee and they vary depending on the citizenship of the nominee, nature of your business, and level of service required. They may be structured as security deposits, one-time setup fees, annual retainer fees, and transaction-based fees. We will ensure that the charges are transparent and affordable.

What documents are required to appoint a nominee director/shareholder?

To appoint a nominee director/shareholder for a British Virgin Islands (BVI) offshore company, you typically need a nominee services agreement outlining roles and responsibilities. Additionally, provide ID documents and proof of address for verification. Further documentation may be needed to comply with AML/KYC regulations.

Are nominee director/shareholder services confidential in the British Virgin Islands?

Yes, nominee director/shareholder services uphold confidentiality and privacy for beneficial owners. Service providers adhere to strict confidentiality agreements and legal obligations, ensuring the integrity of the relationship between nominees and beneficial owners and facilitating legitimate and lawful activities with discretion and security. Nominee arrangements involve legally binding contracts that outline the responsibilities, limitations, and confidentiality provisions to ensure the integrity of the relationship between nominees and beneficial owners. As such, nominee services offer a secure and discreet means for individuals and businesses to maintain anonymity while conducting legitimate and lawful activities.

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Get in touch and ask us anything. Is a nominee director allowed or do I need to compromise on ownership?
We answer it all. We'd love to help.

Vepapu Customer Executive
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+1 307-886-4647
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Email

hello@vepapu.com
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Company Registration
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Bank Account
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Total Compliance
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Registered Address
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Nominee Services
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Expert Bookkeeping
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Bank Account Opening
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