Why using nominee directors is the fastest way to lose control of your company

Summary

This article warns about the dangers of using nominee directors or shareholders in offshore company structures. It explains that while sales pitches promise "privacy" through nominees, the legal reality is that the person named on the share register and corporate filings holds actual legal control. The concept of Ultimate Beneficial Owner (UBO) is a regulatory AML/KYC concept, not a legal protection. The article argues that using nominees is the fastest way to lose control of your company because legal control follows formal ownership, not informal arrangements.