“Nominee Director/Shareholder” are individuals or companies whose names are showing in the Memorandum of Articles and Association of the formed companies. They appear as the owners of the shares or the decision makers, while actually the formed is owned and/or managed by someone else. We call the latest the Ultimate Beneficiary Owners (UBO).
Such UBOs used such nominees, when they are willing to keep their ownership confidential.
Generally, an agreements and few documents, are signed between the nominees and the UBOs, to guarantee the real ownserhip of the shares to the UBOs.