Do the beneficial owners of the company have signatory rights?
The owners always have the control over the IBC! Whether they also have a direct signatory right, depends on the internal structure of the company. The owners of the company may have direct signatory rights in the following instances: (A) if they are appointed as directors or officers (this can be done in cases when there is no concern about confidentiality); (B) if a Power of Attorney or a Special Resolution assigning them signatory powers is issued by the offshore company. In (B), the beneficial owners can at will request such signatory rights be assigned to them.
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Republic of Seychelles
