Remote Business Management
When establishing legal entities abroad, several questions often arise:
• How to manage the newly formed company?
• How to give instructions to the director if they are on the other side of the world?
• What about document flow?
• Can existing interaction schemes be trusted?
The industry of creating and managing foreign legal entities has been around for a long time, and all issues are well-established – business management is carried out through the “Management Company” instrument.
Management Company
As a rule, large registrars, as well as all professional intermediaries, provide their clients with various services for managing their companies. For this, there is a whole staff of employees, which may partially consist of the nominee shareholders and directors themselves.
Instructions to the Director
Giving instructions to the director is carried out by sending a letter from the email address specified when concluding an agreement with the management company. Letters sent from such an email address are considered official instructions from business owners.
Documents for Signature
As a rule, all correspondence is sent via DHL, however, you can also use regular mail services. For particularly important documents, management companies are ready to provide couriers.
Matters of Medium and Low Importance
Almost always, management companies have employees who speak several languages, including Russian. To resolve any urgent issues, you can always use a regular phone. You may need to confirm your identity by email the first time you call. But further, as a rule, you will be recognized by your voice – these specialists develop a professional memory for voices.
Fraud Insurance
For the following reasons:
1. The theoretical possibility of giving an order from an email address by someone who is not the true owner of the company
2. For the reason that management companies do not need “showdowns” with the beneficiaries of the business in case of problems
3. Because nominee directors are criminally liable for the consequences of their activities
Employees of management companies try, whenever possible, to delve into the commercial activities of their wards. Therefore, if an order is received, for example, “to sell a significant share in the business”, it may not be fulfilled. This method of protection from trouble will be used even if you separately ask to comply with any orders. Clerks will not go into the details of your business, they will do it “automatically”.
Financial Operations
As for account management, of course, money management is the prerogative of the beneficiaries, however, often nominee directors require the right to view current account transactions. And you can understand them, in the end, they are responsible for all the consequences of the activities carried out.
Summary
All the necessary tools are available for doing international business. They are proven, reliable and safe. If you have any further questions, our specialists will be happy to answer them. Please contact.
