About ECI  .  Services  .  Jurisdictions  .  News  .  Careers  .  Contact

 

offshore company formation offshore residence offshore companies incorporations offshore trusts gaming licences offshore bank accounts

 
 

 

 

 

 

   Private Residence

 

   Citizenship

 

   Real Estate

 

   Company Formation

 

     Offshore Companies

 

     European Companies

 

   Trusts & Foundations

 

   Virtual Office

 

   Offshore Payroll

 

   Gaming Licenses

 

   E-commerce & e-pay

 

   Trademarks & IP

 

   Tax Planning

 

   VAT & EU eCommerce

 

   Yachts & Aircraft

 

 

 

 

   
   
 

 

   
   
   
   
 

Contact us

   

 

Offshore Company Pages | Offshore Companies | Onshore European Companies

Corporate Management Services

Next  >>  Choose a jurisdiction  >>

Glossary of Terms

Bank Account Administration

Usually the signatories on a company bank account, i.e. the company officers that have signing and controlling powers over a bank account, are its directors.  Where for reasons of confidentiality, local nominee directors are provided these will manage the bank accounts of the company under the strict, legitimate instructions of the "real" directors of the company.  This also serves to ensure that the "management and control" remains in the country of the company's registration which, in some countries, ensures that the company's independence from other taxing jurisdictions is not compromised.

Company Secretary

In most countries, the role of company secretary is an important one.  Professional company secretaries ensure that the company's official filings with the relative Registry of Chamber of Commerce are done timely and correctly and that the company remains in good standing in the country of incorporation.

Nominee Shareholder

A Nominee Shareholder is a person who steps in a the public owner of shares in a company without having any actual ownership of a company.  A nominee shareholder only acts on instructions from the real owner (the beneficiary) of a company.  The relationship between the nominee shareholder and the beneficiary is regulated by the nominee's professional licence as well as by a contract outlining the rights and duties of the nominee. The services of nominee shareholders are used in offshore and onshore companies to secure confidentiality of the beneficiaries.

Nominee Director

A "Nominee" Director is a director who controls the company on the legitimate instructions of the beneficiary of a company.  Legally, the director of a company has all the rights and is fully responsible for the actions of a company as anticipated by the law and constitutive documents of a company.  The relationship between the director and the beneficiary and the rights and obligations thereof are subject to legal and ethical professional standards imposed in any given country as well as by a contract entered into by both the management company and the beneficiary.

Offshore Company Pages | Offshore Companies | Onshore European Companies

©  EUROCONSULTA

INTERNATIONAL

Contact us  |  Sitemap  |  Links  |  Top

 

 

 

offshore company formation | eu companies | offshore residence | offshore companies incorporations

offshore trusts | offshore bank accounts | Offshore e-commerce

Malta | Cyprus

gambling licenses | malta gaming licenses | isle of man gaming licences