A nominee director is a third party provided by us to be registered as the director of the company. On his appointment at the first meeting of the subscribers to appoint the board, an undated letter of resignation is signed by the nominee director and can be executed by the beneficial owner at any time he wishes. The nominee director also provides the beneficial owner or other person (who the beneficial owner may appoint) with a general Power of Attorney which vests total authority and control in this person over the affairs of the company.

The nominee director is intended to simply facilitate the beneficial owner in matters of privacy. He is not intended to assist in the management of the company or sign documents and contracts on their behalf. There are exceptions where a nominee may sign certain standard documents such as contracts, invoices etc. which will have to be approved first. In jurisdictions where there is an open registry, the nominee director will appear on the documents in place of the beneficial owner.