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⍰ ASK What is the role of nominee directors and shareholders in offshore companies?

Nominee directors and shareholders are often used in offshore companies to provide a layer of anonymity and to protect the identity of the true owners of the company.

A nominee director is a person who is appointed to serve as a director of an offshore company on behalf of the true owners of the company. The nominee director has the legal authority to make decisions on behalf of the company and to sign documents on its behalf, but does not have any economic or beneficial interest in the company.

Similarly, a nominee shareholder is a person who is appointed to hold shares in an offshore company on behalf of the true owners of the company. The nominee shareholder has the legal ownership of the shares, but does not have any economic or beneficial interest in the company.

The use of nominee directors and shareholders can provide a level of anonymity for the true owners of the company, as the nominee directors and shareholders are the only names that appear on public records, such as the company's articles of incorporation and annual reports.
 

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