Offshore Bank Accounts
Will the nominee director act as bank signatory?
If we are to provide nominee director, the director will normally have a co-signature in the bank account of the offshore company. In exceptional circumstances, when for some reason this is not the case, the bank account instructions should contain a requirement that one copy of bank statements is mailed regularly to the registered office of the company. Having a nominee director as bank account signatory amounts to a "full company management", and is actually the most proper and most confidential form of arranging the affairs of an offshore company - while, certainly, simpler arrangements exist and are sometimes preferred.