Directors are responsible for ensuring that the statutory books of the company are maintained correctly, its regulatory filings are done in a timely manner, accurate accounting records and annual accounts are maintained, shareholders and directors meetings are conducted as per the law, and their fiduciary duty towards the company is honored at all times in all their official actions.
Most offshore jurisdictions require publishing of company registers and/or have statutory compliance to have at least one local resident director. Company director’s names and addresses are made public and are accessible to everyone. This is not ideal for people who do not want to show their direct relationship or associated interests with the company for some reason. Our nominee service will provide a legitimate way to protect your privacy of personal details from the general public.
With our nominee director services, your identity will absolutely be safe and confidential from the public records and you still have full control of your company through the Power of Attorney (POA).
The Power of Attorney (POA) or a nominee service agreement is an agreement between you and the nominee director, they will represent or act on behalf of you in your company. Under this agreement, the nominee director is barred from doing anything unless receives your instruction.
A nominee director is delegated to manage day-to-day company affairs strictly under the instruction of the business owner. The roles and responsibilities of a nominee director is stipulated in the agreement, which is also used to protect the business owner from any misconduct of the nominated person.
Overseas firms often hire nominee directors to comply with statutory rules to have a resident director. If a foreigner incorporates a company but does not have a local person who can act as a resident director of the new company, then the foreigner can hire a person to act as a nominee director. In that case, the nominee director should be a permanent resident of the country and must also have a permanent address.
Our nominee directors act for the client after instructions are given by the client and in accordance with the terms of the agreement established between the nominee director and our client.
We provide nominee director services to individuals and corporates ensuring a high level of integrity and confidentiality. The name of the nominee director will appear in the public records at the Companies Registry as the director of the company.
Our reliable and proficient professionals help companies to uphold their good standing status and safeguard regulatory compliances while acting as a nominee director. We appoint trusted officers and ensure the highest privacy standards. Our team can not only provide you a nominee director but will also assist you with other regulations relating to company incorporation.
Our nominee director services include:
To know about directors duties in Hong Kong, please feel free to download our booklet.
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Chandrawat & Partners is a leading full service firm in Hong Kong. We provide a wide range of high quality consulting services to domestic and international clients. With a strong network of professional advisors worldwide, we have a wealth of first hand experience and expertise in providing effective solutions to the complex issues.