Nominee services ensure the highest level of security in business activities. All officers of an Offshore Company can be assured that they have complete company anonymity.
The main task of this Nominee service is to ensure the highest level of privacy and confidentiality. A Nominee Agreement allows a nominee director to sign all company documents instead of the beneficial owner. Usually this service is used in cases where an owner does not want his name to appear in corporate documents, in any contract work or in the commercial register of the jurisdiction.
Another task is to establish the customerâ€™s company in his chosen jurisdiction. In some jurisdictions, it is a legal requirement that at least one of the directors of the company is a resident of that particular offshore jurisdiction. In this case, an agreement could be signed between an owner and a director who is currently residing in that country.
This person is not the legal owner of the shares; he or she simply shields and protects the customer during any possible public inquiry by representing the owner of the company. In this way, the customer is formally distanced from his offshore company at the ownership level. At the same time, the customer can prove that he or she is the owner of the company whenever he or she chooses, by way of producing the supporting confidential documentation provided by World Offshore.
To provide the highest level of security, World Offshore uses a Nominee Agreement. It is issued by Common Law and guarantees that nominees can only act or sign documents when the owner requests it or gives prior approval. There are two parts in the agreement which the owner needs to sign.
Power of Attorney is signed between the beneficial owner and nominee director. This document allows the director to sign all company documents instead of the owner while the owner still controls the company.
The Declaration of Trust agreement is signed between the beneficial owner and the nominee shareholder. This document shows that by means of a trust, the owner can transfer his property to an independent third party, or trustee.