Eureeca's Nominee Structure is one whereby a separate company (acting on behalf of the investors) holds the shares and legal assets of the beneficial owners or trustees. This means that while the Nominee is the legal shareholder on official company documentation, it is, in fact, holding those shares on behalf of the individuals who have invested in the company through Eureeca. Therefore, while the Nominee holds the shares, the full economic benefits – including tax relief status such as SEIS and EIS if they apply – are passed on to the beneficial owners.
The Nominee allows investors as minority shareholders to represent a solid, unified bloc owning a chunk of the company rather than a minority holding a very nominal amount. It is then the Nominee’s responsibility to collect and disseminate company updates for you, to undertake any corporate action such as the buying, selling, or renewing of shares for everyone under its trust, and the monitoring and enforcement of minority shareholder rights.
This frees the founders up to focus on growing the company without administrative burdens, and investors to enjoy all the benefits of being shareholders without any of the hassles.