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]

12345 said:
to hide owner from public register
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yes, although this is not always the only reason

12345 said:
why don't you choose a jurisdction without public register then
Click to expand...

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.