Nominee Partnership as per agreement
Just like any limited company, an offshore company is managed by a board of directors for the benefit of its shareholders. Shareholders have the power to elect the company’s directors. In an offshore jurisdiction, a single person of any nationality can act as both the sole director and the sole shareholder.
Increasingly, nominee directors and nominee shareholders are used to protect the actual beneficial owner’s identity. Nominees are professional parties who, subject to a private contract with the beneficial owner, allow their names to be used in place of the names(s) of the company’s owner(s).
Please remember that the role of a nominee director is a passive one. If and when instructed, the nominee will sign contracts for your company, or execute transactions on its corporate bank account.