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Nominee Directors in BVI
Updated on Monday 02nd April 2018
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A nominee director is an agent appointed by the beneficial owner of the company with the purpose of increasing confidence.
Nominee directors in BVI may be appointed by those who are interested in opening a BVI offshore company but do not wish to be directly associated with the business. The nominee will be able to take on certain duties and responsibilities based on an explicit agreement and a power of attorney.
Our BVI company incorporation specialists provide a wide range of services related not only to company formation but also to company management, including nominee director and nominee shareholder services.
BVI offshore company nominee director
The nominee director in BVI is used in order to conceal the fact that there is a direct relationship between the offshore company and its beneficial owner. This is done for confidentiality purposes and it can be a preferred method of setting up a company in the British Virgin Islands.
The BVI nominee director will be granted the power to perform various administrative and managerial functions within the company and he will also be able to represent the corporation. The nominee will act on behalf of the beneficial owner and in his best interests, by observing his indications for managing the company.
The duties of a company director in the British Virgin Islands are discussed in the Business Companies Act 2004. According to law, the individual who acts as company director has duties related to the managing and supervision of the company and its affairs. These also include fiduciary duties and the duty of care.
Our team of BVI company formation agents can give you additional information about the duties and liabilities of company directors.
Nominee director services in BVI
Our team provides complete nominee director and nominee shareholder services in the British Virgin Islands. The appointment and involvement of the nominee will be thoroughly discussed before his appointment so that his duties within the company will reflect the best interests of the beneficial owner.
For more information about the requirements for managing a company and the BVI company formation process, please do not hesitate to contact us. Our team of experts will be able to answer your questions and assist you in all matters related to company incorporation.
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