WHAT IS A NOMINEE DIRECTOR?
A nominee director is a third party provided by us for registration as the director of the company. On his appointment at the first meeting of the subscribers to appoint the board, an undated letter of resignation is signed by the nominee director, which can be executed by the beneficial owner at any time. The nominee director also provides the beneficial owner with a General (Unlimited) Power of Attorney which gives total authority and control of the company to the beneficial owner.
Nominees Directors are directors that our company provide to you. Their name would appear in most public documents acting as the management of the company. For this reason, many of our clients prefer to not be appointed as directors on the offshore entities due to either privacy reasons, or foreign public directorship reporting rules in their home countries. When we appoint nominee directors on our client’s entities, we provide our clients with pre-signed, undated letters of resignation from each director so they can replace the directors at any time. The nominee directors we appoint are only there to fill in the blanks at the public registry and they have no authority over the entity for any kind of decision making.
A nominee director, also known by the more politically correct name of “third-party director”, is an unrelated person (corporate or individual), who would be officially registered and act as the Director of an IBC. Nominee director services are provided by licensed Registered Agent firms to their client companies as an optional service. In-house directors, being either private individuals or dedicated corporate bodies, operate under the umbrella license of the International Corporate Service Provider (Registered Agent). Thus, the functions of nominee directors are regulated by the official financial services supervisory authority, same as those of the Registered Agent itself.
A nominee director, also known under the more modern name of “third-party director”, is a third party, who would be officially registered and acts as a Director of an offshore company. As is common, nominee directors are provided by licensed Registered Agent firms to their client companies as an optional service. In-house directors, being either private individuals or dedicated corporate bodies, operate under the umbrella license of the Registered Agent. Thus, their functions are supervised and regulated by the Financial Services Commission, same as those of the Registered Agent.
