When dealing with companies, some overseas fiscal authorities require what is known as a Tax Residency Certificate, issued by the tax authorities indicating that the resident Company has paid its Corporation Taxes. This is in order that the Company may legitimately avoid ‘Double Taxation’, provided an appropriate Double Tax Agreement is in place between the country of incopration and respective country concerned.
Many of our clients having an interest in ofshore companies appreciate how difficult it can sometimes be to obtain the necessary documents from the tax authorities and that obtaining Tax Residency Certification is by no means guaranteed upon application.
Obtaining official written confirmation of Tax Residency for companies can often be a very time consuming process for our administrators. However Global Corporate Services have considerable experience regarding this process and have been very successful in obtaining Tax Residency Certification.