Overview

Managers or executives involved in establishing an offshore company are likely to be aware of the importance of tax residency and the significance of a company's central management and control (CMC).

However, following the Weavering case, this briefing offers tips to help to ensure that best practice is consistently followed throughout the life of an offshore company.

If best practice is followed then not only should the local directors be able to avoid the issues faced by thedirectors in the Weavering case but it would also help ensure that CMC is exercised offshore.