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VicAm (Auckland) Limited |
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VicAm (Auckland) Limited was registered in Auckland New Zealand in 2002 as part of a global network of VicAm companies with the original Vicam Global Capital Company being based in Canada. The company name was an adaptation of Victoria America. The Canadian parent company owned 90% of the New Zealand subsidiary at that time. Formed by GT Group, our company became the twin of VicAm (Vanuatu) Limited. The original company found it difficult to make progress with its globalization plans (it was too far ahead of its time) and eventually some of the VicAm companies independently commenced other businesses. Take a look at http://www.vicam.com/about/index.html. VicAm was mainly involved in multiple start up operations of some potentially good real businesses that mostly did not prosper for a number of reasons, usually finance or management related. Thus it was natural for a Company Formation expert like GT Group to form most of the companies. As time passed another development took place as VicAm in both Vanuatu and New Zealand become the shareholding company for the newer ventures. In most cases these shareholdings were held as nominee for the original investors in order to simplify administration thus reducing corporate costs. Of course, holding shares through a nominee company is widely practiced by lawyers, insurance companies, investment companies and others with equally lawful reasons. So, to begin with holding shares as a nominee, it was logical to gradually extend to other nominee services for clients of GT Group. Please note: we never participate in the true management of a Company that we provide nominee services for. |
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VicAm
(Auckland) Limited |
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