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Nominee Shareholders in Isle of Man

Updated on Friday 23rd February 2018

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Nominee-shareholders-in-Isle-of-ManIsle 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.

How to appoint nominee shareholders in Isle of Man

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 in Isle of Man

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 company registration process can be carried out through power of attorney without the company owner being required to come here;
  • -          the nominee shareholder can represent the real shareholder in the annual general meeting;
  • -          the nominee shareholder will act in accordance with the requirements of the company’s owners;
  • -          a high degree of privacy is ensured.

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.

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Call us now at +44 203 287 0408 to set up an appointment with our business consultants in the Isle of Man. Alternatively you can incorporate your company without traveling to the Isle of Man.

As a BridgeWest client, you will beneficiate from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in the Isle of Man.

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