ja_mageia

Directorship is a critical service required by companies which are set up and administered offshore. The importance of offshore directors is best understood when considered from the tax residency perspective.

Most jurisdictions recognize that a company is tax resident in the country where it is centrally managed and controlled. Central management and control is deemed to take place in the jurisdiction where the Board of Directors of the entity meets to conduct business and take the important strategic decisions of the entity. Consequently fund managers need professionals of caliber who are resident in the offshore jurisdiction to serve as directors on their offshore funds.