Without proper 'management & control' there is a danger that your corporate structure
could be deemed invalid and even illegal by the authorities - By taking our advice you can ensure that you avoid (legal) but do not evade (illegal) your tax obligations
There is no doubt that UK domiciled International Consultants working outside the UK and Ireland and Foreigners based in the UK and Ireland, working in or outside of these countries, can make substantial savings by using a combination of legitimate ‘tax concessions’ and offshore/international companies. However, the importance of having a company properly managed and controlled cannot be over-stressed as without such legitimate 3rd party management many of the benefits of using a separate legal entity are totally negated (For example, see the anti-avoidance provisions section in Major Tax Systems: France | Germany | Spain | The United Kingdom ). Unlike many other UK based Tax Planning Firms SCF is a fully licensed Company & Trust Management Company with its own in-house management facilities. For more details on the importance of management and control please speak to one of our professional consultants.
Nominee & Management Services for Offshore Companies
The SCF Group can provide a full range of domiciliation, company and trust management services through its licensed Hibernian Trust Management Lda associate Company. The services available include:
Domiciliation: This includes the provision of a registered office address, acceptance of service of process and official mail, the appointment of a company secretary together with notification of annual government duty payments, annual board meeting preparation etc. In most cases, this service will be used in conjunction with one of the management options (see below).
The provision of Nominee Director and Management Services: For the convenience of our clients we have created 3 levels of management service specifically tailored to meet the legal and business requirements of most offshore companies:
Basic Company Management: This service has primarily been designed for non-actively trading companies holding intellectual or real property assets. As with all management options it includes the provision of nominee directors together the use of limited secretarial and administrative services due to the "passive" nature of the activities involved together with the fact that management and control functions does not have to be proved (see below).
Trading Company Management: This includes the services listed for Basic Company Management but is supported by a proper management agreement outlining what, how and when various administrative/management functions should be carried out by the nominee directors/administrators. This format has been created to cater for the needs of international computer consultancy firms, small to medium sized general firms or other such entities that need (due to various anti-avoidance provisions) to prove genuine external management and control.
Full Company Management: This is the next step up from the Trading Company Management Service and includes the full maintenance of company bank accounts, legal, accountancy, management and administrative functions. This level of service is recommended for medium to large activity companies specifically relying on double taxation treaty provisions and/or where such companies are located in jurisdictions that have well-developed anti-avoidance provisions such as the United Kingdom and the Republic of Ireland.
Virtual & Serviced Office Facilities: Apart from offering company management the SCF Group can also provide your Offshore or UK Company with a sophisticated range of serviced, virtual office and telecommunication facilities. For more information please speak to one of our offshore company and tax planning consultants.
