The benefits of nominee director

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AndrewT

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Jan 13, 2014
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I see that many people use nominee directors when they decide for offshore company formation. I want to know why do they use nominee directors and what are the benefits of having a nominee director.
 
This is one straight explanation. As much as possible, you want to keep the anonymity of your company if you are trying to go offshore. This keeps it away from all the political issues. Also, it is safer to deal this way. You will be always the target of the tax bureaus of the countries you are into.
 
A nominee director is a legal entity acting as a director of the company to protect the identity of the real director. During Singapore company incorporation, it is mandatory to provide name, address, nationality and occupation of the person intended to act as a director of the company. When companies or directors prefer anonymity they use nominee directors. Appointing a nominee director is beneficial for processing Singapore company registration process as of bank account opening, etc., on the behalf of the actual owner. Additionally, a nominee director plays an important role in the facilitating the clearance and settlement of publicly traded shares. According to the Singaporean tax regime, a company or a business is liable to claim numerous Singaporean tax advantages only if it is based in Singapore. Therefore, many international clients and multinational companies willing to invade the Singapore market prefer to appoint a Singapore resident nominee director. Having managed and controlled in Singapore, a Singapore incorporated company will receive all the tax benefits a normal Singaporean company is getting. The important thing to note is after Singapore company registration a nominee director has limited powers. Nominee director is a service often used for completing company incorporation process, whereas the real owner of the company has all the rights to company bank accounts and shares. In certain circumstances the shareholder maintains the authority of making managerial decisions.
 
You can find much information here about nominees if you do a simple search /forum/articles/59543-nominee-director-and-shareholder

Last edited by a moderator: May 29, 2016
 
I also us it.........
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You use them for you spam activity or where are you using them?

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You can find much information here about nominees if you do a simple search /forum/articles/59543-nominee-director-and-shareholder
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I don't understand what a nominee is, can you help me please?

Last edited by a moderator: May 29, 2016
 
You will need to follow the link already given in one of the above posts, it explains pretty clear what a nominee director or shareholder is and how you may use them for your purpose or clear the question if you need one at all.

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You can appoint nominees to any offshore company as you like. There will be no problem in that. What you will find difficult is that they not all will provide DD documents if that will be required.
 
They can open an bank account for the company but you would not avoid your personal information to be submitted to the bank as I understand right?
 
SBSConsulting said:
SBSConsulting said:
A nominee director is a legal entity acting as a director of the company to protect the identity of the real director. During Singapore company incorporation, it is mandatory to provide name, address, nationality and occupation of the person intended to act as a director of the company. When companies or directors prefer anonymity they use nominee directors. Appointing a nominee director is beneficial for processing Singapore company registration process as of bank account opening, etc., on the behalf of the actual owner. Additionally, a nominee director plays an important role in the facilitating the clearance and settlement of publicly traded shares. According to the Singaporean tax regime, a company or a business is liable to claim numerous Singaporean tax advantages only if it is based in Singapore. Therefore, many international clients and multinational companies willing to invade the Singapore market prefer to appoint a Singapore resident nominee director. Having managed and controlled in Singapore, a Singapore incorporated company will receive all the tax benefits a normal Singaporean company is getting. The important thing to note is after Singapore company registration a nominee director has limited powers. Nominee director is a service often used for completing company incorporation process, whereas the real owner of the company has all the rights to company bank accounts and shares. In certain circumstances the shareholder maintains the authority of making managerial decisions.
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This may explain it to all who still not understand what a nominee director or shareholder is.

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Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.​
 
SBSConsulting said:
SBSConsulting said:
A nominee director is a legal entity acting as a director of the company to protect the identity of the real director. During Singapore company incorporation, it is mandatory to provide name, address, nationality and occupation of the person intended to act as a director of the company. When companies or directors prefer anonymity they use nominee directors. Appointing a nominee director is beneficial for processing Singapore company registration process as of bank account opening, etc., on the behalf of the actual owner. Additionally, a nominee director plays an important role in the facilitating the clearance and settlement of publicly traded shares. According to the Singaporean tax regime, a company or a business is liable to claim numerous Singaporean tax advantages only if it is based in Singapore. Therefore, many international clients and multinational companies willing to invade the Singapore market prefer to appoint a Singapore resident nominee director. Having managed and controlled in Singapore, a Singapore incorporated company will receive all the tax benefits a normal Singaporean company is getting. The important thing to note is after Singapore company registration a nominee director has limited powers. Nominee director is a service often used for completing company incorporation process, whereas the real owner of the company has all the rights to company bank accounts and shares. In certain circumstances the shareholder maintains the authority of making managerial decisions.
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Thank you for sharing this information bro. I also a lot confused before about Nominee director benefits.
 
Nominee director can serve as your cover and bring some additional relaxation in rules based on his ethnicity/nationality.
 
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