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Glossary

Glossary

Nominee director

The person to whom it is delegated management of offshore companies usually for the purpose of increasing anonymity and privacy.

The service of nominee director - an authorized agent - means providing of a person who performs legal acts for the company pursuant the instructions of the shareholder (owner).

The relationship between the nominee director and the real owner shell be based on a contract to eliminate the risk of damage to one of the parties in case of unreliable negotiation of the counterpart. The provider of the service is fully responsible for any activity of nominee directors, it is of his own interest to choose for these positions exclusively reliable and proven people. Relations between the owner and nominee persons are treated by contract, each step of nominee persons is carried out only on the instructions of the beneficial owner of the company.

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