Nominee Services In terms of law, nominee services are a system of contractual arrangements between nominees (directors and shareholders) as well as real owners (beneficial owners) of a corporation. Nominee services are an elective service under which a person other than the real owner who efficiently manages the corporation is appointed as a director at the time of incorporation or else at a later date. That is to say, the corporation will have a so called ‘shadow’ director. The similar thing applies to a company shareholder – this can also be a nominee. Where the company has nominee directors as well as nominee shareholders, and in some cases even nominee secretaries, it is supposed to have occupied nominee services. The most widespread reason why nominees are appointed to a Company formation is to uphold the privacy of the corporate structure, as the individuality of the owner can be completely covered since the corporate permit show only the details of nominees. The no...
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