Common Contracts
1 similar Nominee Shareholder Agreement contracts
Nominee shareholder agreement template singaporeNominee Shareholder Agreement • February 1st, 2021
In this article, I want to share some insights on what to look for when you ask someone to hold shares in a company for you. This deal is often called a nominated shareholder agreement. The person who is named holder is the nominee, while the person who actually paid the shares is the beneficiary. The beneficiary often considers that it is necessary not to be named in the register of partners as a shareholder and therefore enters into this agreement. The main use is that the current beneficial owner of the shares will not be seen in public records as a shareholder of the corresponding company. This can give a measure of privacy and confidentiality. There are other methods such as setting up brokerage firms, although these methods could cost more to implement than a nominated shareholder agreement. Most of the pitfalls in this agreement arise from the fact that the nominee is put in a position of controlling rights that adhere to the relevant actions; In addition, society is not obliged
