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if youve ever incorporated a business offshore or even looked into incorporating a company offshore chances are you seen the option of having whats called a nominee director or a nominee shareholder this is something that allows you to ostensibly maintain privacy with your offshore company but it may not always be a great idea Im going to tell you exactly what nominees are and what I think about them [Music] hi Im Andrew Henderson a nominee director and a nominees shareholder basically functioned the same way you are a pointing another person the nominee to take your place as the director of a company or is a shareholder or the sole shareholder of the company historically this has been done for a number of reasons people often cited as a way to maintain their privacy there are lawyers in some of these tax haven countries that allow you to merely use their name on the company and some people have used this in a way to not only maintain privacy but also sometimes even evade tax since