Lawyers in Israel - Home > About Our Law Firm >
Nominee Shareholder Service

Nominee Shareholder Service

 

 

Miss Sahara Kaplan, will attend to you (in English) at Phone No. +972 3 546 88 88

In case of emergency, call Gabriel Hanner at his
cellular: +972 50 552 33 33

Nominee Shareholder Service

Who needs a Nominee Shareholder service?

Nominee Shareholder Services.

Israel Nominee Shareholder Service. Why have and what is a Nominee Shareholder? The provision of nominee shareholder services in connection with the formation of a limited company is invariably required by clients seeking legitimate confidentiality of ownership.

A nominee shareholder is the registered owner of shares held for the benefit of another person (the beneficial owner). The beneficial owner will normally require the nominee shareholder to execute a declaration of trust in respect of such shares.

Hanner-Ofer Israel Lawyers owns a Trust Companywho provides Nominee Shareholders to serve as proxies for the company owners and to act on their behalf. Our corporate nominees will hold the shares for clients under a legally executed Declaration of Trust. Our fee covers the cost of reasonable handling of official documents, which will be sent via the normal postal service. This does not cover Trade correspondence or the use of express or courier services.

The Nominee will respect the confidentiality of the Company and its Beneficiaries except with regard to Israel authorities legally authorized to make proper enquiries. The Nominee will not become involved in the affairs of the Company or take responsibility for contracts or any trade matters.

The beneficial owner may choose to appoint a nominee because it does not wish to have the shares registered in its own name, or it may be required to appoint a nominee, for example, in the case of a wholly-owned subsidiary that is required by its articles of association to have two shareholders. A nominee shareholder may be an individual or a body corporate.

The Nominee relies on the Beneficiaries providing correct, up-to-date information including personal details. The Nominee maintains the right to refuse to sign documents that, in our opinion, may be misleading or unlawful. The Nominee is legally obliged to report evidence that may point to unlawful activity by the Company or the Beneficiary. A single Nominee can only represent a single beneficiary.

Where a company has multiple Beneficiaries requiring nominees each Beneficiary will require a separate Nominee to represent them and vote as their proxy. A contract will be provided for each beneficiary. A renewal invoice is issued each year several weeks before the renewal date. If payment is not received this service will cease and the Nominee will resign.

There are many business structures entrepreneurs can choose from when it comes to setting up a business. Choosing a business structure can be a complicated task, however, the first step is to ascertain the best structure for your business needs. One option is to set-up your business as a registered company, such as a private limited or public company.

Most companies registered in Israel are private companies and this is also the preferred option for most small businesses. The name of every shareholder of every Israeli company is recorded in the Company's Statutory Register. This information is therefore publicly available.

Some shareholders may require confidentiality for commercial reasons. For example, whilst directors may apply for confidentiality orders to keep their home addresses private, this facility is not available to shareholders. Companies may also wish to keep secret their ownership of development companies, for valid commercial reasons. The name of the nominee shareholder then appears on all public records relating to the shareholding.

A nominee is normally a company created for the purpose of holding shares and other securities on behalf of investors. With our service the nominee is not the legal owner of the shares, and the underlying investors have the "beneficial interest" in the shares: i.e. they are entitled to all income and capital gains on them. Upon taking on the duties of Nominee Shareholder, we would hold your shares on trust in the form of a Nominee Shareholders Agreement.

Our Nominee Shareholders agreement would serve the purpose of ensuring that your identity as Beneficial Owner(s) is only known to us and not put on public record at the Company's Registry. An original Share Transfer Form signed by us, but undated, will be issued to you, so that you can have the security of being able to transfer the shares at any time. A nominee holding occurs where a third party holds shares on your behalf.

This can be purely an administrative matter to aid the management of shareholdings. It is sometimes necessary for the shareholders in a limited company to remain anonymous and appoint nominees to hold their shares incognito. Our nominee becomes the registered holder of the respective shares, and no record of the true beneficiary then exists on the public record. Unless required to do so by the Court, we will not divulge the beneficiary's true identity to any third party without the express consent of the client.

The beneficiary's interest is secured by the execution of a declaration of trust which binds our nominee accordingly, and gives the client full control over any future transfer of benefits derived from the shares in question.

 

Miss Sahara Kaplan, will attend to you (in English) at Phone No. +972 3 546 88 88

In case of emergency, call Gabriel Hanner at his
cellular: +972 50 552 33 33

Nominee Director

Read more

 

Israel Lawyers - Home

עברית

Company Registration

Company Registration
Nominee Shareholder
Nominee Director
Incorporate with a Nominee Director
Nominee Director Duty
Foreign Company Options
Register foreign company in Israel
Israel Options Comparison
Declaration of Trust
Deed of Trust
Foreign Shareholder
Corporate Foreign Shareholder
Israeli Company F.A.Q
Israel Company Law
Search a company
by name or registered number
List of Companies
List of Israeli public companies

Israel Company Law

Interpretation of the law
Foundation of a Company
Incorporation
Right of Incorporation
Legal Personality
Establishment and Registration of a Company
Purpose of Company
Acts Performed by a Promoter
Articles of Association
Contents of Articles and their Alteration
Name of the Company
Objects of the Company
Registered Share Capital and Distribution Thereof
Limitation of Liability
The Registrar of Companies
The Companies Registry
Keeping of Registers
Appeal
Structure of the Company
Organs of the Company
Powers and the Liability for Acts
Division of Powers Among
Principal Organs
Liability of Company for Acts of Organs
Liability of Individuals in an Organ
Avoidance of Unauthorized Acts
The General Meeting
Powers of the General Meeting
Annual General Meeting and
Special General Meeting
Convening and Direction of
General Meeting
General Meeting of a Private Company
Quorum at General Meeting and Chairman of General Meeting
Voting at General Meeting
Voting by Voting Paper and Statement of Position
Minutes of the Meeting
Defects in Convening Meetings
The Board of Directors
Powers of the Board of Directors
Chairman of Board of Directors
Convening of Meetings of Board of Directors
Meetings of the Board of Directors and their Direction
Voting at the Board of Directors
Minutes of Meetings of the Board of Directors
Defects in Convening Meetings of the Board of Directors
Committees of the Board of Directors
Audit Committee
The General Manager
Administration of the Company
Register of Shareholders and Substantial Shareholders
The Registers
Register of Shareholders
Registration of Share Warrant
Register of Shareholders and Shareholders Outside Israel
Reporting
Reports of Private Companies
Reporting by Public Company
Internal Auditor in a
Public Company
Auditor
Appointment of Auditor
Independence
Ending of Auditor’s
Term of Office
Fees Payable to Auditor
Powers, Duties
and Responsibilities of Auditor
Financial Reports
The Shareholder
The Shareholder and the Share Certificate
Rights and Obligations of Shareholders
Derivative and Class actions
Derivative Action and Derivative Defense
Representative Action
Office Holders in a Company
Directors’ Appointment and Term of Office
Term of Office of Director and Termination thereof
Restrictions on Appointment and Termination of Office
Corporation as a Director
Substitute Director
External Director
Appointment and Dismissal
of Other Office Holders
Duties of Office Holders
Duty of Care
Fiduciary duty
Exemption, Indemnification and Insurance
Rights of Director
Transactions with Interested ies
Capital of the Company
Securities and Transactions Therein
Freedom to Diversify
Registered Share Capital
Issue of Securities
Transfer of Securities
Preservation and Distribution of Capital
Permitted Distribution
Dividend
Purchase
Prohibited Distribution
Redeemable Securities
Acquisition of Companies
Merger
Special Tender Offer
Forced Sale of Shares
Purchase of Shares of the Minority by Holder of Control
Power to Purchase the Shares of Opposing
Shareholders
in a Private Company
General Provisions
Alteration of Class of Corporation
Foreign Companies
Compromise or Arrangement
Remedies
and Monetary Sanctions
Remedies
Monetary Sanctions
A Public Company
Traded Outside Israel
Regulations

Doing Business in Israel

Israel Company Registration

An Agent in Israel

Israeli Laws

Israel Tax

Israel Real Estate

Litigation in Israel

Agency in Israel

About Our Law Firm

242nd., Ben-Yehuda St. Tel-Aviv, Israel

See map to our offices

Avocat FrançaisEnglish  עברית

Site Map