Three pieces of paper are vital in setting up ready-made companies Nominee directors are not illegal and can sometimes be useful, for example in preparing "off-the-shelf" ready-made companies. But the legal conjuring trick behind the British Virgin Islands nominee system opens the way to abuses. It depends on three pieces of paper: 1. A promise by a nominee director only to do what the real owner tells them. A characteristic "nominee director declaration", used in 2010 by the Vanuatu-based Taylo...
Three pieces of paper are vital in setting up ready-made companies Nominee directors are not illegal and can sometimes be useful, for example in preparing "off-the-shelf" ready-made companies. But the legal conjuring trick behind the British Virgin Islands nominee system opens the way to abuses. It depends on three pieces of paper: 1. A promise by a nominee director only to do what the real owner tells them. A characteristic "nominee director declaration", used in 2010 by the Vanuatu-based Taylo...
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