Advisable to be a "Nominee Director" of a Pte.Ltd. Co.?

[batman1]

My friend was offered a post of "Nominee Director" of a Pte.Ltd.Co.
Is it advisable to take up the post of a nominee director ?
What are the pros and the cons of being a nominee director ?

Your advice greatly appreciated.Thank u.

 

[Leongsam]

My friend was offered a post of "Nominee Director" of a Pte.Ltd.Co.
Is it advisable to take up the post of a nominee director ?
What are the pros and the cons of being a nominee director ?

Your advice greatly appreciated.Thank u.

You're the fall guy. You're renting your name so the real owners can remain anonymous and/or avoid paying taxes.

Advantages. They should pay you something.
Disadvantages. If the company is up to no good, it's you're ass they'll go after.