Nominee service is a way to protect the identity and anonymity of the company owner. The primary function of a nominee shareholder is to maintain the anonymity of the real owner by taking their place in all public records relating to the company and non-governmental organizations.

A nominee shareholder is appointed as a natural person or a body corporate created for the purpose of shielding the actual beneficial owners/investors of the company or sometimes to fulfill the requirements of the company to have a certain number of shareholders. Nominee shareholders are not the owners of the shares and are appointed by the actual shareholder to represent him on his behalf.

The appointed individual will provide his personal information to the authorities so that the true shareholder’s identity is protected and is not disclosed to the regulator and in the company’s documents. The rights and benefits of the true shareholder are also taken into consideration while appointing a nominee shareholder.