What are the conditions for using a nominee director service (Nominee Director)?

A nominee director service involves sharing legal responsibility as a director, so it usually starts after client due diligence, signing a nominee director indemnity agreement and paying a refundable deposit.

• Client due diligence (KYC): we verify the identity of shareholders, beneficial owners and directors, and the nature of the business.
• Nominee director indemnity agreement: sets out the scope of the nominee director's role and the company's obligations to provide information and cooperate.
• Deposit: a deposit is paid that is refunded under the terms of the agreement when the service ends.
• Term: the service is used in 12-month terms.

The service may not be available depending on the nature of the business or the results of client due diligence, and it is difficult to continue the service if the company does not meet its statutory filing obligations.

Please review Lee Kim Alliance's nominee director service and packages.