Nominee director services offer a strategic advantage for accountants looking to expand their service offerings. Learn how this service benefits your clients and how to ensure compliance with UK laws.
What Are Nominee Director Services?
Nominee director services involve appointing a professional individual or firm to act as the official director of a company. While the nominee's name is listed publicly on records such as Companies House, the true decision-making authority rests with the beneficial owner, who retains control of the company.
This arrangement is formalized through a Nominee Director Agreement, which outlines the nominee's role and responsibilities, as well as any limits to their authority. In some cases, a Power of Attorney may also be granted to the beneficial owner, allowing them to manage the company directly.
✅ Legal Compliance: Nominee directors are fully compliant under the Companies Act 2006, provided they meet all relevant regulations and corporate governance standards.
How Accountants Can Benefit from Offering Nominee Director Services
By integrating nominee director services into their offerings, accountants can significantly enhance their value proposition and grow their client base. Here’s how offering this service can benefit your practice:
✅ Enhance Client Trust and Satisfaction
Nominee director services allow clients to maintain a higher level of confidentiality, particularly for high-net-worth individuals or businesses in sensitive industries. Offering this service demonstrates your understanding of your clients' need for privacy while providing a legal solution.
✅ Simplify the Company Formation Process for International Clients
For non-UK residents looking to establish a UK company, appointing a nominee director is often a legal requirement. By offering this service, you can help international clients set up their business in the UK with ease while ensuring full compliance with local laws.
✅ Provide a Comprehensive Governance Solution
Nominee directors can assist with corporate governance tasks, including board meetings, regulatory filings, and annual returns. This helps clients stay on top of compliance matters while also allowing them to focus on running their business.
✅ Diversify Your Service Portfolio
Incorporating nominee director services adds another layer to your existing services. It enables your firm to offer a more comprehensive suite of services, making you a more valuable resource to your clients and increasing your competitiveness in the market.
Legal Considerations for Nominee Directors
While nominee directors offer significant advantages, it’s important to ensure compliance with UK regulations. Below are key legal considerations to keep in mind:
📌 Persons with Significant Control (PSC) Register
Despite the use of a nominee director, the beneficial owner must be disclosed on the PSC Register if they meet certain thresholds, such as owning more than 25% of shares or voting rights, or having significant control over the company.
📌 Anti-Money Laundering (AML) and Know Your Customer (KYC) Compliance
Nominee director service providers must comply with strict AML and KYC regulations. Providers are required to conduct thorough background checks on clients to prevent the use of nominee structures for illicit activities.
📌 Fiduciary Duties
Nominee directors have the same fiduciary duties as regular directors, including acting in the best interests of the company, avoiding conflicts of interest, and ensuring the company complies with UK corporate laws. It is essential that nominee directors understand their responsibilities fully to avoid legal liabilities.
How to Find a Reliable Nominee Director Service Provider
To offer nominee director services to your clients, it's crucial to partner with a reputable provider. Here's how to choose a reliable nominee director service provider:
- Compliance with UK Law: Ensure the provider is registered with HMRC as a **Trust or Company Service Provider (TCSP)** and complies with all regulatory requirements, including AML and KYC laws.
- Experience and Reputation: Look for providers with a proven track record and positive client testimonials.
- Transparency: Ensure that the provider offers clear and upfront pricing and has well-defined service agreements.
- Range of Services: Some providers offer additional services like registered office addresses, company secretarial services, and more, which may be valuable to your clients.
CG Incorporations is a trusted and reliable nominee director service provider. They offer professional and fully compliant nominee director services, ensuring your clients' businesses operate within UK legal frameworks. Their experienced team can help guide your clients through the process while maintaining privacy and compliance.
Conclusion: Enhance Your Firm’s Service Offering with Nominee Director Services
Integrating nominee director services into your practice allows you to offer a broader range of services to your clients, making your firm more competitive and valuable. By partnering with a trusted provider like CG Incorporations, you can help your clients maintain privacy, ensure compliance, and build stronger businesses in the UK.
Published: 4/24/2025 3:25:53 PM
