Okay, I need to know what a Nominee shareholder is, since I find it in the offshore company formation application and I'm not sure if it has the same function like a Nominee director or if it is just waste of money?
It is only optional to have a nominee shareholder.
A Nominee shareholder, is used for anonyms offshore company formation in most cases. Nominee shareholders are utilized in most jurisdictions. With respect to publicly traded shares, nominees are commonly, and legitimately, used to facilitate the clearance and settlement of trades
For example, many jurisdictions require corporations to maintain shareholder registers and file annual returns containing a shareholders list and directors information.
If you choice a nominee shareholder or more, it reduces the usefulness of the shareholder register or the shareholder list because the shareholder of record may not be the ultimate beneficial owner.
So what it means is that it is only useful if you are looking for an anonymous offshore company formation else it isn’t necessary.
Great advice, I'm just trieing out some service for the company formation and will be posting here during the process. Will let you know, but will need a nominee director and shareholders if it is as mentioned.