Company Formation Hong Kong

Nominee Directors in Hong Kong

Updated on Friday 20th May 2016

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A nominee director in Hong Kong is a non-executive director appointed for the purpose of protecting the identity of another company director. Because the Hong Kong company formation procedures require the appointment of at least one director, the option to appoint a nominee director for a Hong Kong company is preferred by those who want to keep their true identity confidential.
A nominee director can take the place of another person, investor or of a financial institution. In some cases, another company in Hong Kong can be appointed a nominee director. Our company formation agents in Hong Kong can help you incorporate a company and appoint its nominee director.

Appointing a nominee director in Hong Kong

A nominee director in Hong Kong is appointed by the company owner and he or she can sign a specific document that will guarantee the fact that the nominee will act only upon the instructions received from the beneficial owners. The transfer of power is made between the two directors, and the nominee hands back the control of the company to the real owner through a general power of attorney. Nominees are usually appointed using a separate agreement.
In most cases, the nominee director will not need to own shares in the company. However, if the situation shall arise, he or she must be able to secure the ownership of shares in a limited amount of time. Our Hong Kong company formation representatives can help you with this issue if the case should arise and help you prepare any document for the appointment of the nominee director.

The duties of a Hong Kong nominee director

In most cases, a nominee director or shareholder in Hong Kong will perform only those activities he or she has been instructed or empowered to do. Nominee directors in Hong Kong will make any necessary business transactions, manage various business issue, open bank accounts and operate them, enter into agreements, collect debts or rents and others.
Nominee directors in Hong Kong offer the option of a certain degree of privacy but the purpose is not to avoid showing the identity of the owner to governmental authorities. If you are interested in knowing more about this topic or if you want to open a company in Hong Kong, you can contact our Hong Kong company formation agents.


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