Offshore Bank Accounts
If I use a nominee director, how can I control and operate the bank account?
If we are to provide nominee director, the director should also have a co-signature with the bank account of the offshore company. In such case, the relationship between the beneficial owner and the nominee director is regulated by the standard Terms & Conditions of business and, if necessary, by a more specific client-manager agreement. Such agreement could determine, in particular the method of passing any instructions and information from the client to the manager and the fact that the account signatory shall never act on his own accord without express consent by the beneficial owner.