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What is a nominee director and why have one?

A nominee director is a person who is appointed by the company to serve passively in the company. The term ‘Nominee’ is used to indicate that the director role is strictly a non-executive role in companies.

A nominee director is a person appointed by business owner to act on their behalf. Nominee director is responsible for maintaining a company’s legal responsibilities. However, they may hand over powers of attorney to other directors in the firm. Nominee director is an officially registered company director acting on behalf of the actual director. The nominee is appointed by virtue of a Power of Attorney (POA) that is issued by the beneficial director, also known as the donor.

Upon the proper execution of the POA, the nominee director may open bank accounts and sign documents or contracts on behalf of the donor. The terms stated in the POA will determine the extent of power of the nominee, which will be issued on an annual basis so that the power to act is renewed yearly.

The term “nominee” is used to indicate that the director role is strictly a non-executive role in companies. The nominee director role is to satisfy the company law requirement of having at least one director in the company. The nominee director is not involved in managing the company directly and will only act on the explicit instructions of the company.

Benefits of appointing nominee director

The benefits of appointing a nominee director through us are listed below:

  • We offer flexible nominee director arrangements, with client-friendly service contract terms;
  • we have extensive knowledge of the procedures to ensure full compliance of all corporate actions performed by the nominee director;
  • we appoint partners as nominee director, which guarantees that the duties are performed with utmost honesty and integrity.

How We Can Help?

Our nominee director services help clients to fulfil the requirement for a resident or local director. In many jurisdictions around the world, there is a requirement for a resident director, which is fulfilled through our services.

We provide nominee director services to individuals and companies, 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 team would assist our clients in maintaining confidentiality by signing a Power of Attorney, under which the real owner’s name would not appear in public records but the real owner would make all real decisions.

While serving as a nominee director, our professionals assist businesses in maintaining their good standing and ensuring regulatory compliance. We designate experts and uphold the stringent privacy regulations.

Our nominee directors act as per client instructions and in accordance with the terms of the agreement established between the nominee director and the client.

Our nominee director services include:

  • acting as resident director
  • assisting client’s business in daily operations
  • filing annual statutory documents
  • providing guidance to the stakeholders
  • protecting mandate

To know about directors duties in Hong Kong, please feel free to download our booklet.

For detailed understanding about nominee director service download our guide by clicking the link below.

Why Choose Chandrawat & Partners?

We are very prompt and quick

We offer affordable prices

Advanced technology

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About Us

Chandrawat & Partners is a leading full service firm. 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.

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