As the beneficial owner of the company, you yourself can be appointed as a director of the company for your IBC. Although this appointment is not directly recorded in the Companies Registry, these details and the relevant resolutions must be held by the Registered Agent at the registered office of the company. Of course, the director's details will also appear in some of the company's main documents, but nowhere publicly.
Why you need a Nominee Director
Nominee Director - What is this and why do I need it?
The primary and most obvious function of a nominee director is to identify the actual owner of the Seychelles offshore company from any publicly visible relationship with the company. This can be achieved at different levels, depending on the wishes and circumstances of the customer.
At the most basic level, the appointed outside director does not actively participate in the regular affairs of the IBC - he or she simply fills the position. This is best described by the term nominee director describe. In this case, the client (the owner of the company) actively and personally takes over the day-to-day operations of the company. The day-to-day business may be appointed by special resolution or by proxy as the "agent" or "representative" of the client's own company. Under this procedure, the client signs all business correspondence, contractual documents, invoices and company accounts with his own signature as if he were the director. In such a case, the participation of the nominee director would remain formal, for which none "responsibility fee" would be charged.
In certain business situations, such a procedure may be acceptable, although active management by the client severely limits its confidentiality. However, this may also result in matters relating to the management and control of the company being delegated to the agent (i.e. the owner) rather than the director, with adverse, personal and tax consequences for him. Therefore, greater involvement of the nominee director, if any, would be necessary and beneficial.
Generally, the Nominee Director signs contracts and other legal business documents, exclusively and only these as requested by the beneficial owner.
The Nominee Director has otherwise none authorizations or powers, he can and will not become active themselves, can none Contracts or other business documents, sign, none Conduct business or initiate or expand new business without the written permission of the beneficial owner.
This is done with a so called POA (Power of Attorney)The Nominee Director and the beneficial owner agree on and record in writing a power of attorney, which is prepared by us free of charge and serves as security for the beneficial owner.
In this case, management is provided by a professional third party director. Director services can usually be provided by us.
The owner of the company may also appoint any other director of the company. This can be any person whom the owner trusts.
The owner who acts as a director of his own offshore company may face local tax consequences in the country where he is actually resident. In many high-tax countries, a foreign (offshore) company may be subject to local taxation if it is "managed and controlled" in that country, regardless of the fact that the company itself is registered abroad. The place of management and control for tax purposes is usually determined as the place where the directors are resident.
The owner of an offshore company will often consider showing its true position in relation to its business. There may be a number of reasons for this, for example, in matters of personal taxation, protection of assets from litigation, transactions between the offshore company and the domestic business. All in all, a simple desire to remain confidential.
If these considerations are important, the services of the nominee director should be considered. Often an offshore Seychelles company can only remain legally tax free if it is managed by an outside director. The nominee director, would effectively protect the company owner from any publicly visible relationship with the Seychelles offshore company.
THE NOMINEE DIRECTOR SERVICE INCLUDES:
- Your name appears not at the time of incorporation (nor afterwards)
- You are not registered in the trade register
- You are not listed in the directors' register, so you won't appear anywhere
- You remain owners the offshore company in the Seychelles
- None Shares for the nominated director
- Officially and externally, the nominee director leads the company.
- Nevertheless: Full access on your company through you
- On request, the creation of a POA (Power of Attorney)
- The Nominee Director has no access to your bank account and doesn't want it either.
- They are completely free in your decisions
- Possibility to appoint a director other than the nominated director at any time and within 24 hours
- You will receive a prefabricated blank letter of termination with signature and without date.
- None additional costs for signatures on contracts, etc.
- 12 months Contract period, anytime terminable