{"id":16739,"date":"2020-09-11T12:51:51","date_gmt":"2020-09-11T12:51:51","guid":{"rendered":"https:\/\/offshore.sc\/?p=16739"},"modified":"2021-06-24T12:15:41","modified_gmt":"2021-06-24T10:15:41","slug":"who-can-become-a-director","status":"publish","type":"post","link":"https:\/\/offshore.sc\/en_us\/lexicon-2\/who-can-become-a-director\/","title":{"rendered":"Who can become a director?"},"content":{"rendered":"<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1z50f77-a9e60a5d1047bd4b4cc4775340a2cc88\">\n.flex_column.av-1z50f77-a9e60a5d1047bd4b4cc4775340a2cc88{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-1z50f77-a9e60a5d1047bd4b4cc4775340a2cc88 av_one_fifth  avia-builder-el-0  el_before_av_three_fifth  avia-builder-el-first  first flex_column_div av-zero-column-padding'     ><section  class='av_textblock_section av-kf3vqyvo-ffdf585397a68e9773d57a98b715bcbd'   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><!-- Rate My Post Plugin - Results Widget --><div  class=\"rmp-results-widget js-rmp-results-widget js-rmp-results-widget--16739\"  data-post-id=\"16739\">  <div class=\"rmp-results-widget__visual-rating\">    <i class=\"js-rmp-results-icon rmp-icon rmp-icon--ratings rmp-icon--star rmp-icon--full-highlight\"><\/i><i class=\"js-rmp-results-icon rmp-icon rmp-icon--ratings rmp-icon--star rmp-icon--full-highlight\"><\/i><i class=\"js-rmp-results-icon rmp-icon rmp-icon--ratings rmp-icon--star rmp-icon--full-highlight\"><\/i><i class=\"js-rmp-results-icon rmp-icon rmp-icon--ratings rmp-icon--star rmp-icon--full-highlight\"><\/i><i class=\"js-rmp-results-icon rmp-icon rmp-icon--ratings rmp-icon--star rmp-icon--full-highlight\"><\/i>  <\/div>  <div class=\"rmp-results-widget__avg-rating\">    <span class=\"js-rmp-avg-rating\">      4.8    <\/span>  <\/div>  <div class=\"rmp-results-widget__vote-count\">    (<span class=\"js-rmp-vote-count\">247<\/span>)  <\/div><\/div>\n<\/div><\/section><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1jael0z-8abaefe3dcf5b46fe1316a73ff91d663\">\n.flex_column.av-1jael0z-8abaefe3dcf5b46fe1316a73ff91d663{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-1jael0z-8abaefe3dcf5b46fe1316a73ff91d663 av_three_fifth  avia-builder-el-2  el_after_av_one_fifth  avia-builder-el-last  flex_column_div av-zero-column-padding'     ><p><article  class='iconbox iconbox_top av-keswwjsy-fd2ab166ef1684d307ab4a676dc1f69d  avia-builder-el-3  el_before_av_image  avia-builder-el-first  main_color'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class=\"iconbox_content\"><header class=\"entry-content-header\" aria-label=\"Icon: Any individual over the age of 18 can be appointed as a director\"><div class='iconbox_icon heading-color avia-iconfont avia-font-entypo-fontello' data-av_icon='\ue80a' data-av_iconfont='entypo-fontello'  ><\/div><h2 class='iconbox_content_title'  itemprop=\"headline\" >Any individual over the age of 18 may be appointed as a director<\/h2><\/header><div class='iconbox_content_container'  itemprop=\"text\" ><\/div><\/div><footer class=\"entry-footer\"><\/footer><\/article><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kesulvvg-9792998f7b77a877cb3aa871be8096d5\">\n.avia-image-container.av-kesulvvg-9792998f7b77a877cb3aa871be8096d5 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-kesulvvg-9792998f7b77a877cb3aa871be8096d5 .av-caption-image-overlay-bg{\nopacity:0.7;\nbackground-color:#ffffff;\n}\n.avia-image-container.av-kesulvvg-9792998f7b77a877cb3aa871be8096d5 .av-image-caption-overlay-center{\ncolor:#1358cb;\n}\n<\/style>\n<div  class='avia-image-container av-kesulvvg-9792998f7b77a877cb3aa871be8096d5 av-styling-circle av-hover-grow av-hide-overflow av-img-linked avia_animated_image av-animated-when-visible-95 top-to-bottom avia-align-center  avia-builder-el-4  el_after_av_icon_box  el_before_av_hr  noHover av-overlay-on-hover'   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><a href=\"https:\/\/offshore.sc\/en_us\/lexicon-2\/\" class='avia_image'  aria-label='Who can become a director?'><div class=\"av-image-caption-overlay\"><div class=\"av-caption-image-overlay-bg\"><\/div><div class=\"av-image-caption-overlay-position\"><div class=\"av-image-caption-overlay-center\"><p>Director<\/p>\n<\/div><\/div><\/div><img decoding=\"async\" fetchpriority=\"high\" class='wp-image-19268 avia-img-lazy-loading-not-19268 avia_image' src=\"https:\/\/offshore.sc\/wp-content\/uploads\/2021\/04\/glossary-1024x410.jpg\" alt='Who can become a director?' title='Who can become a director?'  height=\"410\" width=\"1024\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/offshore.sc\/wp-content\/uploads\/2021\/04\/glossary-1024x410.jpg 1024w, https:\/\/offshore.sc\/wp-content\/uploads\/2021\/04\/glossary-300x120.jpg 300w, https:\/\/offshore.sc\/wp-content\/uploads\/2021\/04\/glossary-768x307.jpg 768w, https:\/\/offshore.sc\/wp-content\/uploads\/2021\/04\/glossary-16x6.jpg 16w, https:\/\/offshore.sc\/wp-content\/uploads\/2021\/04\/glossary-705x282.jpg 705w, https:\/\/offshore.sc\/wp-content\/uploads\/2021\/04\/glossary-600x240.jpg 600w, https:\/\/offshore.sc\/wp-content\/uploads\/2021\/04\/glossary.jpg 1500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kqar228s-cde1ba75dd3944e3b843a634920f322e\">\n#top .hr.hr-invisible.av-kqar228s-cde1ba75dd3944e3b843a634920f322e{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-kqar228s-cde1ba75dd3944e3b843a634920f322e hr-invisible  avia-builder-el-5  el_after_av_image  el_before_av_textblock'><span class='hr-inner'><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-kerawukh-9d25a00219b06d00bff1d81a740396ad'   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h2>Who can become a director?<\/h2>\n<div style=\"text-align: justify;\">\n<p>Any individual over the age of 18 may become a director of a Seychelles <a href=\"https:\/\/offshore.law\" target=\"_blank\" rel=\"noopener\">Offshore<\/a> (IBC) shall be appointed. The person must not have insolvency status, have been convicted of a criminal offence or have been disqualified from otherwise acting as a director. It is generally recommended that someone with a good clean history is appointed because a director's past is likely to be checked at some point, especially if a bank account is required. Most banks will refuse an application if it is a person with a \"colourful\" past.<\/p>\n<p>As an alternative to individuals, any legal entity from anywhere in the world may be appointed. The legal entity must be listed as existing in its register. Also, when appointing a corporate director from the date of incorporation of your new IBC, it is important that the corporate director existed at the time of appointment and was not formed after the IBC (i.e. a few days later).<\/p>\n<p>A person (whether an individual or a company) who is competent and responsible should normally be appointed, particularly if they are an executive director. Directors are responsible for the affairs of the company and owe a duty of care to the company which is taken seriously by all courts.<\/p>\n<p>Note also that the management and control of the company can often be located in the country where the directors are based. E.g. the Seychelles. This can have significant implications for legal proceedings and tax matters. If you feel that you may face such issues, we recommend, <strong><a href=\"https:\/\/offshore.sc\/en_us\/contact\/\">Contact<\/a><\/strong> to join us.<\/p>\n<p>You can find more and further information in our <strong><a href=\"https:\/\/offshore.sc\/en_us\/glossary\/\">Lexicon\/Glossary<\/a><\/strong> or in the <strong><a href=\"http:\/\/offshore.law\" target=\"_blank\" rel=\"noopener\">IBC Act<\/a><\/strong>.<\/p>\n<\/div>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_hr-3a876428eececa9d35452247ddb053af\">\n#top .hr.hr-invisible.av-av_hr-3a876428eececa9d35452247ddb053af{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-av_hr-3a876428eececa9d35452247ddb053af hr-invisible  avia-builder-el-7  el_after_av_textblock  el_before_av_textblock'><span class='hr-inner'><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-kf3vs0zz-54a3ac2669c599fd2931304d59da31e8'   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