Are nominee directors commonly used ?

[12345]

Are nominee directors commonly used nowadays?

It doesn't sound reasonable
- can be expensive
- Nominee can steal your funds (probably not common but I would not sleep well at night)
- Harder to open a bank account
- doesn't protect you from tax office or authorities

What's the point of using nominee director? Only point I see is to hide owner from public register but why don't you choose a jurisdction without public register then?

 

[Simon4466]

yes, although this is‌ not always the only reason
not always an option

Keep in mind that a lot⁠ of jurisdictions require you to have a local director who is a citizen of the⁤ country, a nominee will pretty much always be cheaper than an employee who will be⁣ able to take such a directorship role.