What are the terms and risks of your nominee director service?
Our terms, stated in writing before engagement: annual fee payable in advance, a security deposit where a foreign director is involved, a full indemnity from the company to the nominee, no involvement whatsoever in business decisions or bank operations, and disclosure under beneficial-ownership rules. The nominee may resign on material breach or sustained non-payment.
Statutory figures: Companies Act 2016 s.196
Also asked as: nominee director fee terms; risks nominee director; resident director service cost; nominee director agreement malaysia.
The honest risk statement runs both ways. For you: a resigning nominee leaves the residency requirement unmet, so keeping fees and information current matters. For us: we're on the public record as a director of your company, which is why we run due diligence before accepting an appointment and decline where the picture doesn't hold up.
Key facts
- Advance annual fee + security deposit (foreign director)
- Full indemnity; zero operational involvement; BO-disclosed
- Resignation rights on breach/non-payment
WhatsApp +60 10-383 5988 (licensed secretary replies the same working day) or walk in at J-3A-15, Solaris Mont Kiara.