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Originally Posted by bdjuf
hey guys, can anybody please explain me the advantages and disadvantages of having Nominees with your offshore banking?
what would you pick?
thanx!
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OK.. Simple version! :-)
This all depends on your personal circumstances .... but, there is no way "normally" any nominee director needs to either know of any bank accounts of a corp or even whether these exist and in what jurisdiction.
The only person that needs to have access to the bank is you.
But... this is complicated if you are not really offshore and depends on.. a shitload of factors.
If you are "offshore" - by that I mean you are not living in your "home country" - this can be almost any other country or an actual offshore jurisdiction, - then ya got little problems!