What is the nominee director?
A nominee director is a third party provided by us to be registered 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 and can be executed by the beneficial owner at any time he wishes. The nominee director also provides the beneficial owner or other person (who the beneficial owner may appoint) with a general Power of Attorney which vests total authority and control in this person over the affairs of the company.
This is a third party registered as the director of the company. On his appointment at the first meeting of the subscriber to appoint the board, an undated letter of resignation is signed by the nominee director and can be executed by the beneficial owner at any time. The nominee director also provides the beneficial owner or other person (who the beneficial owner may appoint) with a general POA, which vests total authority and control in this person over the affairs of the company. The main function of the nominee director is to simply facilitate the beneficial owner in matters of privacy; he is not intended to assist in the management of the company, or sign documents and contracts on their behalf.
