The Nominee Director Services Offered to Foreigners in A Malaysia

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According to the Malaysian companies act, every company should have a minimum of at least 1 director who is a local resident of Malaysia. The directors should be Malaysian born or a person with permanent Malaysian residence status. Any potential foreign investor may need a nominee director service or a Malaysian Partner to form a company and start a business in Malaysia.

A nominee director is appointed to act as a conduit for information and to represent the interest of the appointer in the board. All directors, including nominee directors, must act in the best interests of the company.

 

 

 

 

 

 

 

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• Nominee director’s responsibilities
   A nominee director has no power over the financial aspects of your company. It is purely representative service offered. A nominee

   director cannot be involved in running company matters like operating business, signing annual accounts to Malaysian authorities etc.

• Fee involved
   Fees of a nominee director varies from company to company depending on the kind of agreement with the accounting firm and includes

   additional fee such as the refundable deposit that needs to paid along with monthly fee. It is advisable that before selecting the

   nominee director service, one should understand the nature of service offered to you and also have an eye for any potential clause or

   hidden fee.