A nominee director is someone who in fact is renting his or her name to you. In other words, the name of this person is used and not yours for the incorporation documents. They are also taking the positions on paper of the company directors. The term of a front man has been used to describe someone who is acting as the nominee. The nominee director is responsible for the company or entity. In addition, if it is the case of a nominee that is also listed as the nominee shareholder, then they in effect also have the related ownership responsibilities as well.
Function of a Nominee Director
The basic function of the nominee director is to shield working executives of limited and other companies from the public disclosure requirements that exist in the UK and other jurisdictions. It is a perfectly legal device which preserves the privacy and security of an individual. It assists to help a person who would rather not disclose their interest or association with a given corporate body. Anyone performing a company search on a company with a nominee director would be unable to discover in whose name the nominee director was registered. In order to keep these details away from public eye, a nominee director is therefore required.
Our Nominee Director Services in Gibraltar
Prime Trust can provide a nominee company director and a nominee secretary for a company formed in Gibraltar, either for your private limited company or for your limited liability partnership. The nominee company secretary service is ideal for sole directors unable to find someone to take on this role. It means you can still operate a limited company as sole director and shareholder whilst benefiting from the excellent support of a professional company here in Gibraltar. We have many years experience and qualified staff to ensure you receive the best service and advice.
