Can the UK nominee company trade within the UK (or with other UK entities)?
A UK Nominee company should not conduct any activity within the UK. Any trade with other UK entities would mean that the whole amount received would be taxable in the UK as it would be UK source income. In cases where UK entities are involved, the offshore principal should contract directly not through the nominee company. Q: Can the UK nominee company get “Certificate of Tax Residency”? A: A UK Nominee company cannot obtain a certificate of tax residency. We can create a suitable UK company with appropriate structuring to deal with this request, however, the nominee company certainly cannot. Q: Should the UK nominee company transfer the profit to the offshore company bank account immediately after every business transaction or once a year only (say before filing the Annual Return)? A: The terms of transfer of funds from the nominee company to the principal will depend on the agreement entered into. It can be done every month or once a year. Q: Should the offshore company send an invoi
