Declaration Of Trust For Nominee Shareholder
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FAQ
A nominee shareholder is a person or company holding shares on someone else's behalf. The main form of a nominee is a trustee holding shares on trust for beneficiaries or a company acting as a nominee for overseas investors.
A Nominee Shareholder ? Declaration of Trust is an instrument by which a shareholder declares that he/she is holding the share on behalf of another person/entity. A Nominee Shareholder ? Declaration of Trust is executed as a deed by the shareholder under whose name the shares are registered.
Under a Declaration of Trust - Nominee Shareholders the nominee shares are held by the nominee shareholder on trust for the beneficial owner and the nominee has no beneficial interest in those shares.
The nominee Shareholder holds the legal title of the shares whereas the beneficial owner holds the beneficial title of the shares. A declaration of trust is signed by the nominee Shareholder indicating that he has no rights whatsoever on those shares.
Here are the steps on how to appoint a nominee shareholder: Choose a nominee shareholder. You can choose any individual or company to act as your nominee shareholder. However, it is important to choose a reputable nominee shareholder who will protect your privacy and interests. Complete the nomination form.