Nominee registration of third-party assets is the traditional and best-known service offered by trust companies.
This service can be offered for stocks, shares of limited liability companies, cash, securities, or real estate properties.
By signing the contract, the trustor customer retains the underlying ownership of the asset, while the formal ownership is transferred to the Trust Company which becomes the holder of the assets in respect of third parties.
The formal registration of assets under the trust company guarantees the customer personal and commercial confidentiality concerning these assets.
Transparency towards the Revenue Agency is maintained, as the trust company acts as a withholding agent.
The trust company is the static administrator of the assets covered by the contract, meaning that it can only act when precise written instructions are issued by the trustor, without which no action can be taken.
