Nominee Director Services

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.