Nominee Director

A person who acts on the beneficial owner's behalf as a 'front' director of the company. The director receives a fee for lending their name to the organisation. The nominee may be (but does not have to be) an individual who works and/or resides in the country where the International Business Company (IBC) was formed. In some jurisdictions the nominee director can also be another offshore company.

The nominee may be used to sign (loans, contracts, etc.) for the IBC should the beneficial owner not want their signature to be connected with the corporation. Typically, the nominee director will have no knowledge of the IBC's affairs or accounts, cannot control or influence the IBC, and will not act unless instructed to by the beneficial owner.