As many legal and accounting practices are aware the appointment of a UK based nominee director either as an individual or a corporate entity can be a dangerous exercise with few, if any, practices or business’s willing to risk their reputations and careers to act in such a capacity.
The preferred option for clients who wish, for genuine commercial reasons, to operate behind nominee directors is to go offshore. This in itself can be a frustrating for the beneficial owner as offshore nominees often insist on the client forming an offshore company and their nominee director being involved in its operation. This can be time consuming, inefficient and expensive with re newel fees running into thousands of pounds.
First Corporate provide an offshore solution that allows the beneficial owner to be appointed director and shareholder of an offshore company without the information appearing on the relevant public register.
The beneficial owner retains control of the company and their identity, provided no illegal activity is suspected, remains confidential.
The other benefits are that there are no accounts or annual returns to file and if the company trades there are no local taxes to pay.
The fees are: -
Company Formation £550.00 plus vat
Annual renewal fees for registered office and registered agent are £400.00 plus vat.
Time taken to incorporate 24 hours.
For further information please contact Graham Stephens on 02920 229080 or e-mail graham@fcls.co.uk
