Need a nominee shareholder for an Irish company? Chern & Co provides a nominee shareholder who holds the shares on trust for you, the beneficial owner, under a declaration of trust, while you keep full economic ownership and control of the shares. The beneficial owner is still identified and recorded as Irish law requires.
What a nominee shareholder is
A nominee shareholder is the registered holder of shares who holds them for the benefit of another person, the beneficial owner. The nominee’s name appears in the company’s register of members and in the annual return filed with the CRO. The beneficial owner keeps the right to the shares, the dividends and the proceeds of any sale, and can require the nominee to transfer the shares back at any time.
What the beneficial owner must still disclose
- The beneficial owner is recorded in the company’s own register of beneficial owners and in the Central Register of Beneficial Ownership (RBO), under the European Union (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2019
- We verify the identity and address of the beneficial owner and the source of funds under Anti-Money Laundering (AML) rules before we act
- A nominee arrangement does not hide ownership from Revenue, the CRO, banks or other authorities, and we do not provide it for that purpose
What our nominee shareholder service covers
- A nominee shareholder to hold the shares on trust for you
- A declaration of trust signed by the nominee in your favour
- A signed share transfer form, so the shares can be transferred back to you or to whoever you name
- Updating the register of members when the nominee is appointed or replaced, and showing the nominee in the next annual return
- Filing the beneficial owner details with the RBO, if needed, see our RBO filing service
- Passing on company notices and dividends to you
What you provide
- Company details, or the details of the company you are forming
- Proof of ID and address of the beneficial owner
- Information on the source of funds and the business of the company, as required by AML rules
How it works
- You contact us, we agree the scope and send an invoice and a service contract.
- We complete the AML checks on the beneficial owner.
- We prepare the declaration of trust and the share transfer form and send them for signature.
- The nominee is entered in the register of members and we update the RBO filing.
Who this service is for
Owners who prefer their own name not to appear in the register of members and the CRO annual return, groups that hold shares through a nominee for administrative reasons, and founders forming a company together with a nominee director.
Frequently asked questions
Is a nominee shareholder legal in Ireland?
Yes. Shares can be held by a nominee on trust for a beneficial owner. The beneficial owner must still be recorded in the RBO and identified under AML rules.
Does a nominee shareholder make me anonymous?
No. The nominee’s name appears in the register of members and the annual return, but you are recorded as the beneficial owner in the RBO and are known to us, banks and the authorities.
Can I get my shares back?
Yes. The declaration of trust and the signed share transfer form allow the shares to be transferred back to you or to a person you name.
What is the difference between a nominee shareholder and a nominee director?
A nominee shareholder holds the shares. A nominee director sits on the board and takes on the duties of a director under the Companies Act 2014. They are separate services.
Have questions? Contact us for a free consultation.
Disclaimer: The content of this page is for information purposes only and is subject to change. It does not constitute professional advice. No liability is accepted by Chern & Co for any actions taken or not taken in reliance on the information set out on this page. Professional, legal or tax advice should be obtained before taking or refraining from any action.