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Old 01-26-2006, 01:19 AM  
Webby
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Join Date: Oct 2002
Location: Far far away - as possible
Posts: 14,956
Quote:
Originally Posted by nekrom
A question for you. How would you get around the Principle in region part? While we have setup companies in EU and whatnot (to gain processing), PaycomEU still told us we needed a principle. Would a lawyer/accountant be recomendable in your opinion?
Sure.. an accountant or preferably a lawyer can act on behalf of a company. It may be worth considering having such a person as a nominee director. (This does not mean you are parting with any rights within your corp - the nominee, by law, must act on your instructions.) Company formation agents often have lawyers either on their staff or people they can recommend as nominees.

If a UK company is of interest, it's worth contacting Jordan's in the UK - they are probably the oldest established formation agents in the UK and are please to give advice before forming an entity. They have a website at
http://jordans.co.uk

Only my preference, but it's good to actually chat with any nominee (a lot of folks never ever speak with their nominees - especially in offshore) and at least make yourself known and not just be another name on forms. They can be very useful in real life on occasions. I use nominees in a few corps and have Power of Attorney over the corp and just get on with whatever is needed and using their name as the principal.
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