All currently existing bank accounts can be divided into several subspecies. One of the varieties is called a checking account and is intended to pay for goods and services.. In an investment account, they mean payment for transactions, which are carried out with securities. Savings account is designed to save finances on deposits. If the services of a nominee director are used, then it would not be related to any of the presented accounts, therefore will not be able to withdraw money or make financial transfers.
If necessary, accounts are opened in different versions for the same person. Mandatory of the conditions, which are presented for opening accounts, will meet those requirements, which are established by the banking structure. There are some additional restrictions when using offshore companies.. Numerous countries have restrictions on the accounts described. Often these types of restrictions will be relevant for residents., working with offshore accounts. This is due to the regulation of the work of such economic objects.. In most cases, they will not use the total ban system.. Measures often take place, which are discriminatory, for example, may raise rates on operations in the offshore zone.
Although a nominee director is often required, there is a need for a nominee shareholder. By such a person it is customary to mean that, who does not have actual ownership of the firm, working according to instructions from real owners. At the same time, there are contractual options for registration of relations. This type of service can be used, to hide the main beneficiary. In the case of a nominee director, this implies, what is the face, which works under the clear guidance of the real owner and does not do anything on its own initiative.
If we compare these concepts, then the second definition will not be correct from a legal point of view, since in each of the cases the main head will bear the entire burden of responsibility for those cases, which are related to the constituent documents and current legislation. International tax planning is used no less often.. Actions that do not violate the law are implied, which are associated with a reduction in tax costs and a zero tax system.
