Scan Magazine

Keeping overseas companies outside the UK tax net

There are many reasons why someone who lives in the UK may have an ownership stake or influence over a non-UK company. For example, offshore companies as well as companies incorporated in countries such as Cyprus, Malta or Luxembourg are often in tax planning structures. It may also be the case that the owner lived in another country before coming to the UK, and set up the company in that country before moving. Also, it is not unusual for people to accept appointments as directors of companies which are based in other countries.