A nominee director is a person who is legally hired to act as a director of a certain company that wants to keep the real director confidential. The reason for anonymity and privacy of the real director could have a number of reasons. However, whatever the case, nominee directors are a safe rescue.
Escape from official records
People usually make use of nominee directors and shareholders to maintain privacy and anonymity. In case a business wants to keep the address off the records, nominees will be the solution. The hired nominee will have a different address that will appear in the legal documents. It is completely legal and there is nothing illegitimate in this process.
Logistical benefits
Offshore companies need bank accounts and other local benefits. It is rather hard for international investors to go through these long procedures. They also don’t get to avail the benefits that a local might have access to. The nominee director fulfills all these roles. The real owner can save time and money while the hired nominee goes around in meetings and gets a bank account opened for the company. Similarly, other local errands that a company requires can be fulfilled by the nominee without the real owner having to go through the hassle. Any required government approvals or licenses can be easily availed with the help of local nominees. Going through this whole process, of course, costs a lot. However, paying decent money to the nominees ends up helping the company save in terms of taxes and other costs that come with an offshore company. For more information visit website #nominee director.
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