Offshore Companies and Nominee Shareholders: A High-Stakes Gamble

The allure of offshore tax havens tempts many to use nominee shareholders, believing they can secretly control their companies. However, this is incredibly risky. Legally, control rests with the nominee, leaving the beneficial owner vulnerable. This article uses case studies to illustrate the potential legal pitfalls: nominees can dispose of company assets without restriction, leaving the true owner with little legal recourse. Unless you have absolute documentary control, you're betting your company's future on someone else's goodwill.