NEWS AND KNOWLEDGE

Knowledge
Security Deposit

Is security deposit required if client would like to engage the nominee director services?

The Companies Act, Cap. 50 doesn’t distinguish if the person is a director or a nominee director. A nominee director subjects to the same responsibilities as the director of a company. Hence, we would require a security deposit for provision of nominee directorship to a company.

** If client request for waiver or reduction in the security deposit, please check with management.