Nominee directors are used to own the IBC for an undisclosed beneficial owner. In dependent Commonwealth tax haven jurisdictions ownership of offshore entities is becoming more and more transparent. You don't want to be identified at the Registry Office as the President or Secretary of the Company, nor do you want some person working in a lawyers office identified as the Nominee Director. They can be subpoenaed. For these reasons it is important that your IBC be set up properly.
Ownership is entrapment.
It is a socialist issue and that is the nature of your government. Consequently, different strategies need to be employed for Americans so that they can answer the questions on their tax return form truthfully. Canadians may be faced with similar questions in the near future. The Nominee Director should have instructions on file in the event of the demise of the beneficial owner. A schedule of fees including Panama and Belize can be forwarded upon request.