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NOMINEE DIRECTOR EXPLAINED
Nominee Director
£279
What's included:
Company Formation Nominee Director 1 year
Company Formation Free document signing
Added FREE:
Company Formation Domain Name .com etc
Company Formation Web Hosting 1 year
Company Formation 084 Business Number
Now £199
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If you wish to keep the ownership of your company and your personal identity anonymous then our nominee director services is an ideal solution.
What's included: £279 - Now £199
  Company Formation Basic Pack Nominee Director - we will provide a named person to act as your director for 1 year.
  Company Formation Basic Pack Power of Attorney signed by nominee - gives your power to conduct your business as you choose.
  Company Formation Basic Pack Up to 4 documents signed free per year - we will sign individual documents free of charge, you only pay for postage, charge applies for document bundles.
  Company Formation Basic Pack Mail forwarding of Official Companies House and HM Revenue & Customs mail
  Company Formation Basic Pack Nominee renewal is 10% reduced fee
  Company Formation Basic Pack Domain Name - you can register your domain name free of charge for 1 year .com, .net, etc
  Company Formation Basic Pack Web hosting - we will host your website free for 1 year, includes 20 pop emails, 3gb web space, FREE Website Builder
  Company Formation Basic Pack 084 Business Number - we register you for a FREE 084 number with zero running costs
How does the nominee processes work?  
  Our nominee service is completely transparent, offering what is probably the best and broadest nominee service on the internet. Of course offering so many nominee services from one location can be a tricky to navigate for our visitors, therefore we endeavour to answer every possible question in easy to follow steps.   In this section we are look at the appointment of our named nominee director, what's included in the basic nominee package, how to add a business bank account or register for your Company for VAT, and how to run your Company without any third party interference.  
  Simply select a bulleted title or scroll down the page, should you require any further adviice call our team on 0207 952 5265. top
     
Why have a Nominee Director / Shareholder
All UK registered companies require a named person to act as first director and disclose their personal information; name, address, date of birth etc, for some individuals who need to keep their identity out of the public domain this could prove to be a problem when registering the company, and that’s where our services come into effect, we will appoint our named nominee director allowing you to maintain complete anonymity. top
Purchasing our Named Nominee Director Service Only
Option (a) - Assuming your Company is registered with a director
1 Start the process by completing our online form and paying the required fee.
2 We will request your Company authentication code - this is provided by Companies House either direct to you or the agent who registered your Company, if you don't have this number no worries we will apply for a new delivery is just 24 hours.
3 We terminate the appointment of the existing director and appoint our named nominee
4 A nominee indemnity agreement is drafted for director and beneficial owner to sign
5 You email the signed document to our office with copies of the beneficial owners ID
6 You can now start to trade freely with anonymity. top
Note - If you are also the shareholder of the Company and you require complete anonymity you will need to replace yourself as shareholder with our nominee shareholder or some other individual / company of your choosing, should you decide to use our corporate shareholder the fee is £99 per year, or individual shareholder for £149 per year.
Purchasing a Named Nominee Director and other services
Option (b) - Assuming we register your Company with our nominee director
1 Start the process completing our online form and paying the required fee.
2 Because you have only purchased the nominee director you will need to provide a shareholder or whilst completing our order form add the shareholder service to the cart.
3 We will register your Company using our nominee director and yours / our shareholder
4 A nominee indemnity agreement is drafted for director and beneficial owner to sign, were we have appointed a shareholder we also provide a declaration of trust
5 You email the signed document to our office with copies of the beneficial owners ID
6 You can now start to trade freely with anonymity. top
What about opening a business bank account ?
The nominee service you have purchased does not provide assistance with opening a business account, nor will we provide any form of identification from the nominee direct to the beneficial owner (rightful owner of the Company). So how can you get a business account ? You have 4 options.
1 Assuming you have good credit
IMost customers choose to open a business bank account themselves; the success rate is around a very high 95%. We understand the following process is similar with most high street banks.
Beneficial Owner (BO) contacts their local branch in the same way had they been appointed directors, if this is Barclays (recommended) then we can arrange the appointment for you, and advise they are using a nominated director, the bank will usually request the nominee present their ID at a local branch, this entails the nominee arranging an appointment with the branch , completing a mandate with some personal details, and authorising the BO as the ONLY signatory on the account, the branch fax this information direct to YOUR branch, and your branch manager, in most instances, approves the account.
This service is not inclusive of your package, and due to the high risk eliment the nomminee fee is £295 (currently £199). Note you will need reasonably good credit for this type of account, in much the same way as you would for any high street account. top
2 Assuming you have poor credit

This is a slightly more problematic scenario, however there are a few online banking institutions were poor credit is not an issue, we would be happy to advise on request which are the most attainable. Some of the online accounts are excellent, no awkward bank visit, no presenting ID in person, no lengthy business plans, few or no transaction charges, and virtually all types of poor credit is accepted. Draw backs; none of the online accounts provide cheque accounts, thus you cannot accept cheque's or pay cheque's out, though some accounts will accept cash, and all have online banking, standing orders, direct debits etc and some even provide overdraft facilities. top

3 Credits fine and you don't want a UK account

If the process of applying for the account yourself does not appeal to you, you may prefer to utilise the service of a non-UK banking service, we can highly recommend an EU Business Bank Account, the countries we use are EU members with great facilities, fees apply of around £499. top

4 Our nominee signs on the account

Our nominees already have their ID documents placed with the bank, we use a popular EU based Bank, or should you have a good relationship with your own bank manager we can sent the ID direct to your chosen bank. Where you have opted to use our select bank, firstly pay the stated fee, currently £1380, we email you a business bank application form, complete the details and email all pages back to us with your personal ID, we apply for the account which usually is approved with 5 to 7 working days, though this process can be speeded up additional fees apply. Once the account is approved you will need to deposit an initial payment of 240 euros direct into the account. We must point out account approval is subject to the banks own approval processes and acceptance is not guaranteed. top

Control over the Company
Power of attorney

The beneficial owner retains complete control over the company, however situations will arise where you will be required to prove ownership, this is where the Power of Attorney (PoA) is invaluable. Our nominee director will draft and sign a legal binding PoA document and post it direct to the beneficial owner. This is a private agreement showing that you have control over the company's affairs and the normal director duties of the company. This ensures that the true owner of the company is empowered to run the business and manage the company's affairs.

Through the power of attorney there can be no misunderstanding with the legal ownership of the Company by prospective enquirers, because the PoA contains passport or drivers licence details of the beneficial owner, along with personal details of the nominee.

In some instances this is still not sufficient evidence for some enquirers, and therefore you will need to request a notarised copy of the PoA. This entails the nominee visiting a notary public and having his signature verified by the notary, the fee for this service is £145. top

Registering your Company for VAT
How can I register for VAT
Again the package you have selected does not provide for this service, however following a review of your proposed Company activities we can add this service, our nominee will register you for VAT, their fee is £499, thereafter you can conduct your VAT returns online, neither the nominee nor our Firm will get involved in process your VAT returns. top
Service Renewal
At any point during the contractual term the beneficial owner can choose to terminate the nominee service and appoint alternative director(s). Should you choose to continue the nominee appointment on the anniversary of the service simply pay the renewal invoice and the service will continue for a further 12 months. top
Document Signing
We make no charge for signing upto 4 documents per year, you simply cover postage costs, this usually entails you including a pre-paid envelope for return of the documents. We make a small charge for document bundles and scanning documents, call or email our office for details. Please note the documents we agree to sign cannot be contractual forms, nominees will not enter into any for of contractual agreement, forms we will sign could be a VAT return, annual return or annual account, document confirming the beneficial ownership etc. top
Legal Stuff
NB: The above information is general and is intended as a summary only. Clients should seek further clarification if required before deciding if they wish to engage nominee directors. We expressly reserve the right to provide this service to anyone for any reason. We specifically will not provide this service to corporations with a payroll or who may have excise tax or major credit obligations.
 
We do not issue a nominees ID, should the need arise whereby you need to prove the directors appointment we can apply for a Certificate of Good Standing, this document is stamped and signed by a Companies House official. The fee for this service is £30 including CH fees. Alternatively we can arrange for a notary to verify the power of attorney fees apply.
 
This appointment will not sign on a business account nor enter into any contractual agreement, if you require notarised Power of Attorney the fee is £199 and £226 for notarisation and apostille.
 
The Money Laundering Regulations came into force on the 1st March 2008 and place us (as well as any other person, firm or company who provides “by way of business…services in relation to the formation, operation or management of a company or a trust…”) under a lot more strict obligations concerning how and with whom we conduct our business. The practical effects are as follows:-
For the provision of any or all Nominee Company Director, Secretary, shareholder.
We will require the details and documentation listed below:
Proof of ID - provided by the proprietor to the company (this can easily be obtained through your local post office).
Proof of Address – Utility bill, bank statement etc
Picture ID – Passport, Drivers licence etc
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