OFFSHORE TOOLS

NOMINEES

Nominal (Nominee) elements traditionally hold important positions in "pure" offshore or combined offshore/onshore structures. Carefully chosen, they can provide desirable anonymity and some asset protection for the final beneficiaries while retaining complete manageability. We'll look into some kinds of nominees most often used by our clients: Nominal Director and Nominal Shareholder.

Some usage for a Nominal Company are described in a separate page as this offshore tool bears not only nominal, but also some tax-planning features.

Nominal Director

The Nominal Director is a natural person or a body corporate, who only formally holds the position of an offshore company's Director. Within the context of our services the underlying company may be:

a Bahamian, Cyprus, or BVI IBC, 

Nevis Business Corporation,

United Kingdom Private Limited Company.

General Power of Attorney (GPA)

The Nominal Director (Manager) may issue a General Power of Attorney (GPA) in the name of the client or his authorized representative. You may kindly find our standard GPA in the LIBRARY. It may be amended by a specific instruction from the client before it is issued and, where applicable, authenticated (i.e. with Apostille).

The client or his authorized representative (Attorney-in-Fact) is entrusted actually the same powers as the Director (Manager) himself. In most cases the powers may be restricted only by a relevant national and/or international legislation.

Please, see the description of our Nominal Director's Services and relevant fees in OUR SERVICES-NOMINAL SERVICES.

Nominal Shareholder

Nominal Shareholder(s) or Member(s) Services are provided by a specific request of a client. The shares (member interest) of the client's company will be held only for nominal purposes (e.g. the Shareholders' or Members' details to be listed in the Registrar of the jurisdiction of the client's company incorporation or in some other public documents). The ultimate beneficiary of the company remains the only person actually authorized to dispose of its business, acts, and deeds.

At any point, the Nominal Shareholder will transfer the shares he/she formally holds to the person(s) listed in the appropriate instruction from the Beneficiary.

You may kindly find the description of our Nominal Shareholder's (Member's) Services and relevant fees in OUR SERVICES-NOMINAL SERVICES.