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Officer and Shareholder Eligibility

Minimum Age Requirement
All customers and company officers, including directors, company secretaries, Persons with Significant Control (PSCs), and shareholders, must now be at least 18 years old.

 

Why?

 

  • We are unable to enforce contracts with individuals under 18, which means our terms and conditions would not be legally binding in those cases.
  • Although it may be legally possible for a minor to be a shareholder, this falls outside our risk tolerance. For those considering this route, we recommend seeking independent legal advice.
  • We will no longer transfer shares to minors or allow them to use any of our services.

 

Corporate Shareholders No Longer Accepted for New Incorporations
We will no longer register new companies with corporate shareholders.

 

Why?

 

  • Our business processes are designed for efficiency and high volume. Corporate shareholders often introduce complex ownership structures that exceed the scope of our standard services.
  • We will, however, continue to support share transfers involving corporate entities. Corporate shareholders will also still be eligible to use our Full Company Secretary Service, which is designed to accommodate more complex requirements.
  • This is something we will consider revisiting in the future.