Company Management (Nominee Services)

There are two ways in managing your companies:

• Company directed by the owner. As the Beneficial owner of the company, you are appointed Director.
• Company directed by an appointed director (nominee). This is known as nominee director. This service is usually provided by us the registered agent, as we are appropriately licensed, to carry out such services.

There are two advantages if the director is the owner:

• The maintenance costs are kept to the minimum.
• The company structure is simple and straightforward.

However, the disadvantages are:

• The owner who acts as the director may encounter local tax in the country he resides.
• The owner may not hide his position in his company.

If these are important then Nominee Services should be considered as a nominee would shield the company owner. An offshore company can only remain legally tax-free if it is properly managed by an outside company Manager.

Similar with the company director, being a shareholder of a company may adversely affect the desired level of confidentiality. In order to shield his direct link to the company, a company owner may involve services of a nominee shareholder.

The nominee shareholding relationship would usually be confirmed by appropriate declaration or pre-configured share transfer documents from the nominee towards the actual clients. By such documentation, the beneficial owner would at any particular time be able to confirm his ownership of the IBC.