Frequently asked questions about Nominee Directors

Will my Nominee Director sign documents for the company?

In principle the answer is "yes", but we must impose precautions. Before signing any document we require an Indemnity Statement from the Beneficial Owner(s) as follows: "We hereby confirm that the …[name of document] … [dated] … is authentic and may be signed by the Director of … [name of company] … ("the Company"). As the Beneficial Owner(s) I/we hereby indemnify the Director of the Company fully against any claim or legal action of whatever kind against them with regard to the … [name of document]."

Will my Nominee Director attend meetings and/or events on behalf of the company?

Our standard fees are too low to allow attendance at meetings and other events without further charge. However, the Nominee Director may under certain circumstances agree to attend in person subject to an agreed fee and travelling expenses.

Will my Nominee Director be a company or a person?

The Companies Act 2006 requires that each company has at least one director who is a “natural person”. We provide our service in compliance with the law, but insist that our service is a business-to-business transaction in accordance with our corporate Terms & Conditions. Our nominee service is provided in the name of one of our companies. If another person is already appointed or is being appointed as a director this remains in accordance with current Company Law. Where it is necessary to appoint another “natural person” we may appoint a person of our choice as an additional director to stand alongside the corporate director. In that event we will charge it as a single assignment, but our contracts and agreements will be in the name of the corporate director (i.e. one of our companies).

Will my details be kept confidential?

Provided you behave properly we will protect your identity against all enquiries. We are obliged, however, to assist legal authorities in any investigation of alleged impropriety or illegal activity. Stay within the law and we will stand by you.

Will I be able to get a bank account?

As the registered director of the company, the nominee will have to sign the application form to open the company bank account. However, that does not give the nominee access to or control of the account. The account will normally be owned and operated by the beneficial owner (presumably you) and, of course, the bank will operate within its normal rules of client confidentiality. Most clients who use our nominee services have company bank accounts set up on this basis. Admittedly, some local bank branches may not understand about nominees, but Ordered Management Ltd has contacts at the major UK banks and will be able to help if this is an issue for you.