What are the advantages of appointing a Nominee Director ?
The nominee Director is usually provided by the incorporation agent that the shareholders have used to incorporate the company. Most clients prefer to appoint a “nominee” Director for the following reasons : 1. In some countries , the physical of the Director is where the company owes tax , regardless of the jurisdiction the company is incorporated in. The “nominee” Director is always located in a zero tax country. 2. The use of a “nominee” Director provides for greater privacy and asset protection. 3. Unless the Shareholder is familiar with company paperwork such as Resolutions. Minutes and other structural details, it can become very time consuming for the preparation of post corporation papers, opening bank accounts and so on. Also, in some jurisdictions, the Director must sign various papers before the incorporation can proceed, thereby delaying the incorporation process. A ” nominee ” Director speeds up this process and leaves the Shareholders free to get on with the company’s bus
