August 3, 2020
Hong Kong Director Nominee Services
Protecting confidentiality has always been part of the services provided to international entrepreneurs. Suspicions have arose because of this additional layer of privacy but this is not obviously taking into account the fact that financial institutions are informed about such arrangement.
Hong Kong nominee director services are not protecting criminals , the bank compliance is enhanced when the presence of a nominee director is disclosed and this is considered a a red flag during the compliance process.
Nominee director services in hong kong are not legally to be understood as an exemption of responsibilities and liabilities for the nominee director. A company director in hong kong has important responsibilities and will not be exonerated by a nominee agreement.
A hong kong nominee director accepting such mandate too easily is definitively something that should question his professionalism as the nominee director exposure is a crucial factor.
Before accepting a hong kong nominee director position a full and enhanced compliance process as well as an indemnify agreement should take place.
For the client of hong kong nominee director services the main task will be to understand the director profile and experience, his internet exposure to identify potential reputational issues and the absence of conflict of interests