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[Music] what is a nominee company and why are they used a nominee is a person partnership or company that is entrusted to hold and administer shares or property as the registered legal owner on behalf the real owner who were going to call the beneficial owner the nominee holds the shares or property on trust and will have the name and details listed on public documentation in place of the beneficial owner who has the effective ownership and control of the shares the nominee is the legal owner in name only and the beneficial owner holds an equitable interest in those shares in brief inequitable interest is an interest in or right over property which gives the holder the right to acquire formal legal title from the person who is registered as the owner the nominee a corporate nominee is most frequently used to hold shares on trust on behalf of the beneficial owner to ensure the beneficial owner retains control of the shares an agreement between the nominee shareholder and the beneficial
