This is a common basis of confusion for many when appointing a nominee shareholder. A nominee shareholder is a person that “lends his name” to you to act as the registered owner of shares in a company, when in reality, he/she only holds the shares for your benefit.
Should you decide to appoint a nominee shareholder, he/she will appear to be the owner of the shares, and you will be able to keep the arrangement a secret. You retain all of the rights and benefits in the shares, such as the right to sell shares, receive dividends as well as vote at general meetings.
On the other hand, a nominee director is a person who acts as a director of the company on behalf of the company owner. In most cases, the nominee director and nominee shareholder can be the same person. This nominee director has no control over the company and is acting on the instructions of the actual and ultimate company owner.