subject: Seven Places For Offshore Investment Business That Allow Nominee Shareholder/directors [print this page] After tax savings, privacy is the most important benefit cited by both the business consultancy services that set up, and the owners of, offshore investment businesses. The asset protection possibilities' and the general privacy and confidentiality they provide are extremely important to some. If your organization is part of that group, read on for eight of the most favorable jurisdictions in the world for offshore companies that also allow nominee shareholders and directors.
Seychelles
Seychelles is a relatively new entrant into competition for the offshore investment business dollar. However they provide a range of attractive options - one of these is the fact they allow both nominee shareholders and corporate directors, so no individual need be named as the director of the company.
Hong Kong
Hong Kong is immensely popular with offshore companies, due to a mix of economic factors and the fact that cultural and legal issues are softened by its status as a former British colony. Both nominee shareholders and directors are allowed here, and while tax, business premises and employment costs are above that of other offshore jurisdictions, the benefits in ease of business and access far outweigh the slight cost increase.
Panama
If your company has no business interests within Panama, there will be zero taxation and only a nominal franchising fee. Nominee shareholders and directors are both allowed in Panama, and it access to easy shipping makes it particularly attractive for some business interests.
Singapore
Singapore is the anomaly in this list - it allows nominee shareholders, but not directors. However, it is extremely favorable in many ways. Technology, research and development truly come to the forefront in Singapore, so if you are looking for a jurisdiction that offers more than simple administration, Singapore is an excellent offshore investment business option.
Belize
Only one shareholder is required in a Belize offshore company, and that may be a nominee appointed by your business consultancy service. Belize is quite westernized, having previously been a British colony like Hong Kong. It is on roughly the same time zone as major American business centers.
St Lucia
St Lucia is a tiny island located between the Caribbean Sea and the North Atlantic, using English as the official language and English common law as the legal system. Offshore companies can have both nominee shareholders and directors here.
Anguilla
Another tiny Caribbean Island and former British colony, still dependent on the Commonwealth, where offshore business thrives. Nominee shareholders and directors are allowed.
British Virgin Islands
The British Virgin Islands are one of the most important jurisdictions in the offshore investment scene, holding a huge amount of wealth compared to the tiny geographical and population size. Their offshore investment business legislation is also extremely modern, having been updated only in 2004. They allow both nominee shareholders and directors.
by: Gregory Smyth
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