Posted by offshorepedia on Feb 22, 2011 in Dictionary | 0 comments
Beneficial Ownership refers to the true owner of an offshore company or any other entity or asset, or transaction no matter what is stated in documents, public records etc. The beneficial owner is the one that receives or has the right to receive proceeds or other advantages as a result of the ownership. It is common practice when creating offshore solutions to interpose entities, individuals, or both as stated owners. The beneficial or true owner is contractually acknowledged in side agreements, statements or by other devises.
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Posted by offshorepedia on Feb 21, 2011 in Dictionary | 0 comments
A nominee shareholder is when the real or beneficial owner chooses not to have his or her name on the share certificate or in the share register. Instead another person agrees to appear on the share certificates and in the share register. In order to protect the real of beneficial owner the nominee should sign Declaration of Trust to the beneficial owner giving up any right to exercise any powers over the shares including voting rights or the right to sell or transfer the shares.
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Posted by offshorepedia on Feb 21, 2011 in Dictionary | 0 comments
A registered shareholder is when the real or beneficial owner records his or her name on the share certificates or in the share register. However, concerning offshore companies very often the real or beneficial owner is not registered in the Register of Shares and not on the share certificates. Instead nominee shareholders are used in order to not disclose the beneficial owner.
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