Asiabizservices Singapore Nominee Shareholder Services

By Author: Diane Paz
Total Articles: 172
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The Singapore Companies Act requires every registered Singapore Corporation to have at least one shareholder. This shareholder may either be a shareholder or a corporation or not necessarily be a resident of Singapore. Thus, a shareholder in Singapore may either be a Singapore citizen, a permanent resident or a holder of an employment pass or dependent pass. The Companies Act also requires that all personal information of all shareholders, directors, and officers of the corporation shall be indicated in the corporation’s Memorandum and Articles of Incorporation.

Upon incorporation, the names of the shareholders will be open to the public as they will be listed in the records of the Singapore Accounting and Corporate Regulatory Authority (ACRA). However, there are individuals who want to protect their identity and secure corporate privacy. It is on this instance that a nominee shareholder is needed. A nominee shareholder holds the shares of a corporation in trust for the actual owners, more commonly known as the beneficial owners, and in effect is an ostensible but registered and legitimate shareholder. The records ...
... of the Register of Shareholders in the Singapore Accounting and Corporate Regulatory Authority will list the name of the nominee shareholder and not that of the beneficial owner. A nominee shareholder acknowledges that he is not the legal owner of the shares that he holds. He undertakes to return the shares to the beneficial owner once the nominee shareholder service is terminated or transferred to another party upon the request of the beneficial owner. Ownership of all the income and capital gains acquired by the shares held by the nominee shareholder is retained by the beneficial owner. A nominee shareholder may sometimes need to sign an agreement or declaration of trust that he is holding the shares in trust only for the beneficial owner in order to assure the beneficial owner of the protection of his shares.

Appointing a nominee shareholder is an alternative that could best suit your corporate needs especially in protecting your personal information and assuring your privacy as a shareholder. There are a number of independent firms that offer the service of providing you with a Singapore Nominee Shareholder in order to help you maintain your anonymity and secure corporate privacy. By employing the services of these firms, you can be assured that the nominee shareholder you appoint is professional and understands the extent of his rights and responsibilities as such shareholder.

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Asiabizservices is the leading Singapore Branch Office Registration Services Specialists. It has successfully helped thousands of foreign entrepreneurs manage their Singapore company name check. Our office is located at Raffles Place, in the heart of the Singapore business district (“CBD”). One of our invaluable services is to provide Singapore shelf companies for clients with specific requests. Each of these shelf companies meets all the necessary requirements and can be purchase for immediate operation. If you’re in our neighborhood and want to discuss any aspect of our service then feel free to come in to our offices during business hours.

Our phones are answered during business hours by specialists and not by
an answering machine. We appreciate the value of your time and understand that a person cannot be replaced by technology. This is especially true when it comes to making important business decisions. If you are interested in learning more about Asiabizservices kindly email us at sales@asiabizservices.com or give us a call at +6563034614.