PSV set up - structure


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Hi

I have been asked to set up a SPV. This is the first time that I have been asked to do this and I am unsure as to how it should be set up. The client already has another limited company.

Am I correct in saying that the correct way to set up the SPV would be to form a parent company with my client as a director\shareholder and then form another company as a PSV subsidiary?

Is it compulsory to have the parent company?

Is it correct that my client should not be director orr shareholder of the PSV?

Many thanks
 
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