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Offshore/Tax Exempt companies are separate legal entities
Like their domestic cousins offshore/tax exempt companies are totally separate legal entities from the individuals/beneficial owners that may own them. This very simple fact allows an offshore company (despite the fact that its owner(s) may live thousands of miles away) to be subject to the laws and taxes of the place where it has been registered and/or managed in the case of non-resident companies.
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Therefore, if the jurisdiction of your choice has no corporate taxes then your company will have no tax obligations although obviously your personal tax position might be different However, it is vital to emphasize that where a company is set up to deal with non-passive trading activities it is essential to establish genuine management and control – A speciality of the SCF Group
