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About Nominees

What does it mean to have a nominee shareholder and/or director in place within my company? And, if I choose to have one, who holds the power to operate the business?

 

 

When you incorporate a company through SFM Corporate Services, whether you’re opting for an offshore company or an onshore incorporation, you are given the choice of selecting nominee director and/or shareholder services. These services ensure that, during the incorporation process, further privacy and confidentiality measures are taken for those clients wishing to remain more anonymous.

 

Having nominees in place within the company structure means that SFM will appoint a director and/or shareholder in name and this nominee’s details will appear in the corporate documents of the company, in any business contracts that may be drawn up, and — for those jurisdictions that apply — in the corporate registry. Additional to these advantages, in selecting nominee director services, the client places the management and control issue of the company firmly outside the high tax jurisdiction that he/she may be based in, while in selecting nominee shareholder services, the client is able to shield himself/herself from being publically associated with the ownership of the company.

 

One may wonder, though, if this means that the nominee has the power to operate the company in any way, shape, or form. Rest assured that even if the client opts for nominee services, the control of the business remains entirely with the ultimate beneficial owner of the company and/or the person who holds the power of attorney to act on behalf of the company. Upon appointment of a nominee director and/or nominee shareholder, a Nominee Services Agreement is drawn up to be signed by the client and then counter-signed by the nominee. This declaration of trust guarantees to the client that the nominee can only act or sign documents upon the client’s request and with the client’s prior approval. Moreover, should a nominee director be put in place within the company structure, a power of attorney is drawn up to give the ultimate beneficial owner (or a person of the ultimate beneficial owner’s choosing) the authority to run the business and/or sign contracts on behalf of the company.

 

What’s more, the nominees provided by SFM work with the highest level of professionalism, integrity, and discretion, thus ensuring that clients who select these optional services can remain confident in their company formation established through our corporate services.

 

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All You Need To Know About Offshore Company Registration And SFM

An offshore company or business is any entity that is registered in, and managed from, an offshore location. In this situation, the owners of such companies usually register their business in a separate location, preferably overseas. As such, the business is not in the same jurisdiction as the owner. There are several reasons as to why corporations or individuals would opt to register a company offshore. In most cases, such entities are looking to:

•    Reduce tax
•    Protect and enhance their assets
•    Manage risk
•    Reduce operational costs
•    Maintain privacy

Generally, there are benefits that come with registering a company offshore. It is because of these benefits that most offshore companies and corporations opt to be registered overseas in jurisdictions with favorable tax laws and minimal company restrictions. They include:

•    Free profit remittance
•    Property rights security
•    Favorable tax treaties
•    Duty and customs exemptions
•    Banking privacy
•    Access to foreign insurance
•    Territorial taxation
•    Fair treatment
•    Fewer restrictions
•    Government cooperation
•    Investment incentives
•    Higher returns and yields
•    Reduced taxation
•    Sophisticated banking facilities; amongst others

With such a favorable environment for businesses, it is easy to see why the offshore registration and management of a business is what you need to do if you want fewer restrictions. At the same time, you get to have your business running on a more global frontier; allowing you to broaden your reach by opening up your market.

If you are looking to register an offshore company, then it is important that you hire a company that has vast experience and knowledge when it comes to the registration and management of offshore companies. One such company is SFM.

SFM, which is a Swiss-based company, has over the years helped hundreds, if not thousands, of businesses to establish themselves as offshore entities. The company works within 15 renowned onshore and offshore jurisdictions, offering businesses to choose options that they feel they can work with in relation to where they would prefer to be registered.

The great thing about hiring SFM to register and manage your offshore company is the company is recognized by, and is a member of major international commerce organizations like The International Tax Planning Association, The Geneva Chamber of Commerce, Industry and Services, The International Fiscal Association and SAOPRA. This goes a long way to prove the company is proficient and can be trusted to provide reliable offshore company registration solutions.

There are plenty of reasons why you need to approach SFM for your offshore company registration needs. As a professional company, SFM goes the extra mile to ensure that your offshore company registration and management needs are fully catered to. Besides registering companies, SFM also provides professional shareholder and director solutions; full administrative management of the company, account (bank) opening, auditing, accounting, virtual office solutions and visual identification of the company.

SFM’s offshore solutions are designed to ensure that all your offshore company needs are catered to right from registration, to the daily running and management. As such, you never have to worry about thing. At the same time, the knowledge and experience they have attained working in different jurisdictions make them a worthy companion when it comes to running your business in a foreign land. With professional executives possessing knowledge in company administration and law, you can rest assured knowing that you and your offshore business are in safe hands.

When it comes to offshore business registration, it is important that you select specialists who are able (and have proven that they are able) to offer both knowledge and experience in matters that concern offshore corporation administration. For more offshore company registration information, contact SFM today.