Apart from the declaration of trust from the nominee shareholder, the beneficial owner can obtain a similar written statement from the nominee director. As an alternative, the nominee director can issue an undated resignation letter. The resignation letter can be executed by the client at any (later) time, thus removing the director from office with immediate or past (!) effect. Finally, a specific Company Management Services Contract may be drafted and concluded between the beneficial owner and the Registered Agent firm, the latter also representing all the nominees involved with the IBC. Normally, our standard Terms & Conditions of business serves as such contract.
