The nominee director and shareholder services are used to ensure the highest degree of privacy and confidentiality.

By law in some countries information on directors and/or shareholders must be recorded in the public files of the Companies Registry. Therefore only by using nominee directors and/or shareholders clients’ anonymity and confidentiality can be ensured.

Third party directors with residential status in fiscally neutral countries are used so that the offshore company cannot be considered resident for tax purposes and therefore liable to tax at local rates on worldwide income in countries with on-shore legislation.

It should be noted that anonymity and confidentiality could be compromised if the client signs business documents as the director.

However, the appointed nominees are not actually entitled to manage the company. They provide the beneficial owner with a Power of Attorney, empowering him to run the business, manage the company’s activities and open and operate the company’s bank accounts.