Isle of Man is a very appealing investment destination for those who want to open offshore companies, however it is also great for trading purposes with countries in the European Union because its legislation is based on the British one.
Foreign investors can set up several types of companies in Isle of Man, however the private limited liability company is usually their preferred choice because of the easy incorporation procedure. Even so, starting such business implies a few requirements, one of the most important ones being the appointment of a director. For this purpose, the Business Act in Isle of Man accepts nominee directors for private companies.
Below, our company formation agents in Isle of Man explain the advantages of requesting nominee director services here.
Nominee directors are persons of companies who can take on the role of company managers for a business in Isle of Man. These will act as trustees and will be appointed by the shareholders based on a contract which clearly defines their role and attributions.
Nominee directors will fulfill some of the roles taken by a company manager, among which:
Our company registration consultants in Isle of Man offer nominee director services in this jurisdiction.
Even if resident company managers or directors are not a mandatory requirement when opening a company in Isle of Man, a resident representative who keeps in contact with the local authorities is required. This role can be very well taken on by a nominee director.
Our local advisors offer nominee director services in Isle of Man and will assist foreign investors to the extent of their needs. The services will be provided based on a contract which will clearly define the attributes assigned to the Isle of Man nominee director.
For nominee director services and assistance in setting up a business in Isle of Man, please feel free to contact us.