Nominee director asks for my bank access
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You need to find someone you can trust. I don't think this service is explicitly offered by any service provider.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
@JohnLocke This is good question and maybe a thread should be written on this topic.
Namely, beneficial ownership, persons of significant influence and control, split ownership and usufructuaries and other different categories stemming from AML/CTF regulations exists and can be confusing to people new to the matter.
But, there is no such category as nominee ultimate beneficial owner. By definition, it's the final natural person that has above certain treshold of control, influence and benefits from certain enterprise.
So, @baio12 you'll be UBO but you can isolate yourself via different set-ups requiring utmost trust and control as per
Shareholder doesn't necessarily need to be UBO.
Between UBO and shareholder there may exist usufructuary︂ and IBO - intermediary BO, though every jurisdiction has it's own framework for identifying relationships︃ and constituting UBO register.
Namely, beneficial ownership, persons of significant influence and control, split ownership and usufructuaries and other different categories stemming from AML/CTF regulations exists and can be confusing to people new to the matter.
But, there is no such category as nominee ultimate beneficial owner. By definition, it's the final natural person that has above certain treshold of control, influence and benefits from certain enterprise.
So, @baio12 you'll be UBO but you can isolate yourself via different set-ups requiring utmost trust and control as per
Shareholder doesn't necessarily need to be UBO.
Between UBO and shareholder there may exist usufructuary︂ and IBO - intermediary BO, though every jurisdiction has it's own framework for identifying relationships︃ and constituting UBO register.
You're given answer by @JohnnyDoe that I quoted. Well, yes, never trust service provider with anything where damage may occur - exert control.
Maybe forum management decides to create it.
Maybe forum management decides to create it.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Tons of information about UBO and significant influence from shareholders has already been posted here. I believe there are many of the articles containing detailed information already. Why would they publish an article about what's an UBO is?
another fact is that in most European countries it is not allowed to appoint nominee shareholders and directors, it is illegal and a crime. There are exceptions like Cyprus for instant.
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