Discretion and Security
1. Legal nominee services
Nominee agreements are legally compliant and protected by law. As an initial step, it is important to decide whether and which parts of your offshore company should be administered under a nominee’s name. The governing bodies of an offshore company are usually made up of managing directors and shareholders (owners). Anyone wishing to guarantee a degree of long-term anonymity is advised to avail themselves of the use of nominees in both of these areas.
2. What should I look for when setting up a nominee service?
Skillful wording without substance - "Registration of an attorney upon formation…" – brings little benefit for the client.
The fact is that the “transfer of a company” – as is often referred to in online packages for company formation – means that all you’re getting is exactly what you don’t want: you are publicly visible to third parties.
A long-term nominee arrangement – one that remains in place from the formation to any eventual termination of your company – is clearly the better alternative.
Privacy Management GroupFZ-LLC offers a comprehensive, ongoing nominee service for all governing bodies of your offshore firm. We guarantee not to retreat from the agreement following the formation of your company or prior to the opening of your business account. By default, we regard your need for a nominee agreement to be ongoing until such time as you request its dissolution (dissolution possible within 24 hours without prior notice).
3. Nominee agreements and control
Not all nominee agreements are created equal. We work with you to establish an ongoing nominee arrangement that does not require you to “share” or relinquish control of your offshore firm. Furthermore, our nominees are not entitled to access the assets of your offshore firm (thanks to a legally binding agreement with your business bank regarding sole control of the company).
4. Trust is good, control is better...
You have the irrevocable right to have the company transferred to yourself or to a third party at any time, or to assume complete control of the company within a matter of hours. Upon the formation of your company, you will also receive a general power of attorney with apostille.
5. Discretion has its limits
Nominees are generally bound to maintain confidentiality at all times. However, a court order from the court of jurisdiction (in the location of the company’s registered office) can effectively “release” the nominee from their duties. Such a court order may be issued if there is evidence for the violation if gun legislation or for the use and/or distribution of child pornography. It may also be issued due to suspicion for the support of terrorism.