Power of Attorney (POA)
A legal agreement that reauthorized a person (the Agent) to act on behalf of the offshore company making him the Attorney-in-Fact.
When an offshore company is registered and nominee services are used it is a common practice for nominee director to issue POA to the beneficiary of the offshore company with authorisation to act on the offshore company’s behalf.
There are different forms of POA varying in degree of power or length of the authority. Furthermore, several POA might be issued thus splitting or sharing the operational activities of the offshore company. The wide range of activities carried out by the Agent includes opening and managing financial affairs, bank accounts, brunches and subsidiaries as well as entering into any types of contracts and obligations etc.
If you would like to use the service of Power of Attorney our team will assist you throughout the process in a fast, efficient and effortless manner.