Incorporate in Israel
with a Nominee Director
Company Directors have a certain responsibilities towards
the company. Since the Company Director has
responsibilities to keep records and submit necessary documents/returns
to Government Departments i.e. Inland Revenue and Companies
Registrar; it is normal for small companies to delegate this
responsibility to other professional companies.
Hanner-Ofer, Israeli Law Firm
provides this professional service to a wide variety of companies. The
essence of a nominee service is that it is the names of the nominee
directors and/or shareholders that are indicated in the corporate
documentation, according to their designation. Thus the names of the
company's beneficial owners are not disclosed to the Companies Registry,
so that clients are ensured the utmost confidentiality.
You will still control the company as an authorised
representative but it will not be possible to search Companies Registrar
records to identify you. If you combine the nominee director service
with our nominee shareholder then no reference will be made to you at
Companies Registrar. You will however still retain full control and
ownership of the company through our specialist agreements. Since the
address of the nominee director will be one of ours, we will from time
to time receive correspondence which will require the attention of the
person requesting the nominee director service. As part of the service
we will forward these documents.
How it works: the nominee signs the Memorandum and
Articles of Association to form your entity. The nominee will sign a
General Power of Attorney document, which gives you full power to
manage your company. The nominee will give you his signed and
undated letter of resignation document, which gives you the peace of
mind that he can't act against you. 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 obligations. Upon provision of a nominee director, we
would require you, as beneficial owner(s) of the company, to sign a
Letter of Indemnity indemnifying our director against all
liabilities incurred by him by virtue of being so registered.
IMPORTANT NOTE:
If you wish to keep your name off the Registrar Public
Records, so that it is easy to discern that you are involved with a
company, then this is the service for you. The nominee will sign all
corporate documents, except those that are not lawful or that bring
personal liability to the
nominee. There is a yearly charge for the nominee service. By
appointing our corporate nominee director you can remain anonymous
from your company, as no personal details will be recorded at
Companies Registrar. This service has been designed to allow our
clients to retain their privacy for legitimate reasons in a world
where your personal information can easily be obtained by anyone
that knows where to look.
This service is not to be used for any illegal
purposes. If you are seeking anonymity for illegal reasons, please
go somewhere else to incorporate.
You will still control the company as an authorised
representative (by General Power of Attorney) but it will not be
possible to search Companies Registrar records to identify you. This
General Power of Attorney gives the Attorney authority to take
decisions and actions on behalf of the company. This include buying
or selling property or shares, signing cheques etc. This General
Power of Attorney allows the Attorney to open, operate and close any
bank or building society account in the company's name, and a Power
of Attorney that allows the Attorney to sign cheques on behalf of
the company.
Please Read carefully the
Nominee Director Duties >>
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