Offshore Directors and Shareholders
Offshore Universe’s team of offshore consultants can provide both nominee and professional offshore Directors and Shareholders services for all offshore structures.
WHAT DOES AN OFFSHORE NOMINEE DIRECTOR AND SHAREHOLDER SERVICE INCLUDE?
A nominee is a third party, who is appointed to act as a Director, Secretary or Shareholder of a company in name. There are various benefits from using such Nominee services. Most importantly, they can protect the anonymity of the offshore companies’ ownership. As under some jurisdictions information relating to the named directors and/or shareholders must be registered and thus publicly accessible, nominee services can thus ensure the confidentiality of company owners.
WHAT DOES AN PROFESSIONAL OFFSHORE DIRECTOR AND SHAREHOLDER SERVICE INCLUDE?
A professional Director and Shareholder service includes the appointment of a professional representative in name for the offshore company. Professional Director/Shareholder services serve the same purpose as Nominee services, however benefits of this particular service are greater legitimacy under the named appointees and thus greater privacy and protection to the Directors, Shareholders and beneficial owners of the offshore company.
WHAT IS THE DIFFERENCE BETWEEN NOMINEE AND PROFESSIONAL DIRECTOR AND SHAREHOLDER SERVICES?
The key difference between nominee and professional director and shareholder services is that traditional nominee director services will involve using low-level employees such as receptionists or administrators and appoint them as directors of the offshore company. These nominees will know very little about the business – but would issue a General Power of Attorney to the ultimate beneficial owner.
On the other hand professional directors understand legal compliance and personal responsibility. They understand their fiduciary obligations to the shareholders of the company. Professional directors and or shareholders will be expected to carefully analyse and evaluate all decisions taken and will record deliberations in writing to the beneficial owners. Professional directors are also generally responsible for company secretarial tasks such as keeping minutes of board meetings.
Why an Offshore Universe Director and Shareholder Service?
- Offshore Universe will ensure that all nominees named and used by the company are of a reputable standard.
- Even in jurisdictions where Directors/Shareholder information is not available on public record, nor required to be registered; Nominee services are still valuable to uphold the companies’ privacy and confidentiality. For instance, when conducting business, legal contracts, letters on the companies’ behalf and or other corporate documents will often require the signatures and disclosure of names of Directors. Thus only through the use of an offshore Directors and Shareholders service can complete anonymity be guaranteed to the offshore company.