Nominee director and shareholder

A nominee director or shareholder is a person or company appointed to act as the official director or shareholder of a company on behalf of another individual or entity. This is often done for privacy or confidentiality reasons, or to meet legal requirements for having a local director or shareholder in certain jurisdictions.

A nominee director is appointed to the board of directors of a company and is responsible for representing the interests of the company, making strategic decisions, and overseeing the day-to-day operations of the company. However, the nominee director does not have any real authority or decision-making power over the company's operations or finances, and acts only as a representative of the real director.

Similarly, a nominee shareholder is appointed to hold shares in a company on behalf of another individual or entity. The nominee shareholder has legal ownership of the shares, but does not have any control or voting rights over the company's operations or finances.

Nominee directors and shareholders are commonly used in offshore company structures or in situations where the real owner or director wishes to remain anonymous or keep their identity confidential. However, it is important to ensure that the use of nominee directors or shareholders complies with legal requirements and is not used for any fraudulent or illegal activities.