In the course of business activity in offshore zones, in some cases, companies refer to services of nominee director - account manager. In such cases, account manager signs appropriate document specifying his powers and liability. All further actions shall be performed by the account manager for and on behalf of the owner of the company.
In real life, such situation still, even upon signing relevant documents by nominee director, entails potential risks, and we do not advise to employ such option.
If you decide to manage the account yourself you may, if necessary, use online banking options, and for this reason, no problems arise relating to disposal of such option.
When carrying out account transactions, in fact, you may incur two possible types of liability:
- Provision at the request of the bank of all necessary documents, constituting explanation of the essence of the account transaction.
- Liability for bank cheques signed by you.
Taking into account the foregoing, in case of appointment of nominee director, he does not have access to the account, and your liability is limited to ordinary applicable practice, similar to most other countries.
