Nominee Services

It is a legal requirement in the United Kingdom, as well as in many other jurisdictions around the globe, for limited companies to appoint and maintain at least one director. This individual serves a critical role in the governance and management of the company. While corporate directors are permitted under the law, it is important to note that the company must still have at least one individual person acting as a director. This ensures that there is human oversight and accountability within the company’s operations, safeguarding the interests of shareholders and stakeholders alike.

A nominee director is a person who agrees to become an officer of a company even though they will have no involvement in the actual operation of the company.

Unless specifically requested, most nominee director services are passive. This means that despite being an officer of the company, the nominee director cannot manage the company. He or she is only allowed to act based on instructions given by the Ultimate Beneficial Owner (UBO) of the company.

The basic function of the Nominee is to shield working executives of Limited and other companies from the public disclosure requirements that exist in many jurisdictions. It is a perfectly legal device which preserves the privacy of an individual. It serves a person who would rather not disclose their interest with a company.

A nominee director service can be extremely beneficial for business owners. It’s important to note that although the appointed nominees may not be entitled to manage the company, their names will appear in the corporate documentation. To ensure the owner has complete control over their business, a Power of Attorney is provided. This empowers them to manage the company’s activities, run the business and operate the company’s bank accounts. As with any service, there are limitations to the function of the Nominee Director. Essentially, the nominee is a director in name only and will not have any other powers or responsibilities. Because the address of the nominee will be provided by the nominee director service provider, it’s likely that they will receive correspondence. We will take care of forwarding these documents, ensuring that all parties involved are kept up-to-date.