How to use Nominee Directors to Increase Your Privacy and Reduce Taxes
Nominee directors are appointed to the board of a Company to act on behalf of the person who appoints them. This will most likely be the beneficial owner of the Company. This can be a key strategy to protect your privacy.
He will do whatever has been agreed on in advance. He can sign agreements on behalf of the Company, sign tax returns and be legally responsible for the affairs of the Company.
The nominee directors will appear on the public record , guaranteeing you complete anonymity. As far as public records are concerned only the nominee’s name will appear.
Normally the nominee director will issue you with a power of attorney to run the company day to day. This ensures that you are in complete control.
Is it Legal to Use Nominee Directors?
It’s a common practice to use nominee directors and it’s completely legal. The nominee director is legally responsible for the actions of the company.
A nominee director is useful in situations where the owners want to keep their involvement secret. That may be from business partners, spouses or tax authorities.
There are lots of reasons you may not want others to know about your involvement in a particular business. You might want to avoid CRS disclosures to your home country tax authority. You may want to keep your involvement in a new venture private if you’re involved in a similar business.
If you’re facing a divorce it might be best if your spouse doesn’t know too much about your current business activities.
You Will Always Be in Control
Even although your involvement is hidden you will still have complete control of the day to day business of your company.
As well as having a power of attorney, allowing you to operate the company, you will have a signed, undated letter of resignation. That lets you terminate the arrangement whenever it suits you.
The nominee can sign undated appointment notices too so that you can appoint further directors whenever you want.
You might also want to use a nominee shareholder so that the true ownership of the Company does not have to be disclosed. This is a common practice too and completely legal in most jurisdictions.
As part of our services we can arrange nominee directors when you set up an offshore company with us. Only the nominee directors and the shareholders will be shown on the public record.
The nominee directors will assume full legal responsibility for your Company.
We can also provide nominee directors and shareholders for your existing company. This can help in situations where you need to disguise your involvement in a business.
Every situation is unique. We will discuss your specific situation with you and recommend the best course of action based on our years of experience dealing with these matters.
We will draft the nominee agreement and power of attorney and make sure that you are fully protected and in full control of your business.
Our nominee directors are located worldwide. The nominees we select for you will depend on the scope of your project. In some jurisdictions like Ireland it’s necessary to have nominee directors who are based in Ireland to avoid additional fees. In other jurisdictions it can be better to have nominee directors located in another part of the world. If the company needs to open bank and brokerage accounts that will be part of the consideration too.
Secret Irish Company Complete With Nominee Director and Bank Account
After you place your order we will contact you to confirm the name of the Company. We can supply ready-made shelf companies or a Company with your own choice of name. Delivery times will depend on which option you choose.
