Natural or corporate nominee director or shareholder what is best?

[orangeye]

What are the disadvantages with corporate nominee director or shareholder versus natural nominees?

 

[JohnLocke]

There are no disadvantage to use a corporate nominee. From time to time you will‌ need the nominee (if he/it is a director) to sign on behalf of the company‍ so there must and the end of the chain be a person who can do⁠ that.

 

[duran]

The director of the corporate nominee will sign on behalf of the offshore company then?‌

 

[JohnLocke]

Yes thats correct and the way it has to be since someone has to sign.‌

 

[orangeye]

But how can I be sure that he is not taking the money from the‌ company? He has access to the offshore bank account or not?

 

[JohnLocke]

As mentioned in another thread, the Director will not have access to the bank account,‌ you will be the only person that has access, all codes, debit card etc. are‍ send directly to you in a sealed envelope.

 

[wosniak]

Will it be possible to have the nominee director to open the bank account?

 

[JohnLocke]

Yes the nominee director can open the account on behalf of the company.

 

[Belarious]

Will the owner of the company be visible anywhere if I open an offshore bank‌ account for instant in Cyprus?

 

[JohnLocke]

Not public visible but have in mind the bank will know the beneficial owner of‌ the company (you) !

 

[bitotan]

If you need the nominee to sign any documents you need a natural nominee director‌ if you just need them for privacy reason then take a corporate nominee director/shareholder.

 

[cosmo]

When appointing Nominee director regardless corporate or natural then he has to sign for the‌ company or not?

 

[JohnLocke]

Actually if the nominee services are offered by us for an offshore or Cyprus company‌ it dosen't matter since there will be a natural person behind it, however, some agency‍ services offer corporate nominees that won't sign anything, so you are pretty much limited when⁠ it comes to have the director sign on behalf of the company!

 

[orangeye]

Thank you I have been reading the post about Nominee shareholder and corporate director posted‌ here yesterday it was helpful and answered me question...

 

[orangeye]

So there may be no differences only the fee? Why don't you remove this option‌ then?

 

[JohnLocke]

It's an old thread but well visited so here is a small update which may‌ be of interest in regards to Nominees Cyprus company and a Nominee, Foreign or Local?‍ | Cyprus Company Formation