Isle of Man is a preferred business location for investors because of its geographical location in Europe, the trading facilities it has with the European Union, but also because it can be used as an offshore jurisdiction.
The main law providing for the opening of companies in Isle of Man is the Companies Act 2006 which provides for several types of structures available for foreign investors. These can also benefit from various advantages, one of the most important being the beneficial ownership. This aspect is regulated by the Beneficial Ownership Law which covers aspects like nominee shareholders and directors in Isle of Man.
Our company formation agents in Isle of Man can offer more information on the appointment of nominee shareholders and directors.
Nominee shareholders are employed by foreign owners of Isle of Man companies under the privilege of beneficial or better said private ownership. Nominee shareholders will act as trustees of the real owners of a local company.
It is quite common to use both nominee shareholders and directors in Isle of Man.
Our company registration advisors in Isle of Man can help foreign investors open companies here. We also offer nominee services related to directorship and shareholding.
Nominee shareholder services can be provided by natural persons or licensed companies in Isle of Man. Most of the times, foreign investors choose the nominee services of specialized companies which are recognized by the authorities.
The main advantages of nominee shareholders in Isle of Man are:
The only requirement of the authorities in the case of nominee shareholders is that these are residents in the Isle of Man.
For more information on the advantages of nominee shareholders in Isle of Man, please contact us. We remind you that you can rely our Isle of Man company formation agents for company registration and nominee services.