A nominee director is a person who is appointed to act as the director of a company on behalf of the actual owner or shareholder of the company. In Turkey, nominee directors are commonly used in order to protect the privacy of the real owner and to maintain the confidentiality of their ownership of the company.
There are several reasons why a person or company may choose to use a nominee director in Turkey. One of the main reasons is to protect the privacy of the real owner. In Turkey, the names of the directors of a company are publicly available, so using a nominee director can help to keep the real owner’s identity private.
Another reason to use a nominee director in Turkey is to protect the company’s assets. By appointing a nominee director, the real owner can ensure that their personal assets are not at risk in the event of legal action against the company. This can provide a degree of protection for the real owner and their personal assets.
In addition, using a nominee director can also help to maintain the confidentiality of the company’s ownership. This is particularly important for companies that want to keep their ownership structure private for business reasons.
It is important to note that in Turkey, nominee directors are required to act in the best interests of the company and its shareholders at all times.