Description
A nominee director is a person or company who agrees to be listed as a principal office of a business even though they will have little or no involvement in the actual running of that company.
Using a Nominee Director to Protect Identity
The principal reason why a nominee director is typically used in a company would be to protect the identity of the person who wishes to run the business.
Nominee directors are often used in conjunction with a nominee secretary and a nominee shareholder.
This is because there would be little point of protecting the identity of the person running the company if that same person were shown as the sole or major shareholder.
Full Nominee Structure
In cases where a full nominee structure is applied when setting up a company (director, secretary, and shareholder), the same rules state that where there is a sole director, the secretary would have to be another separate person or company also apply.
There would therefore have to be at least two persons (actual people or companies) engaged.
