What is a resident company?

Companies, just like individuals, have a tax residency status. In certain countries, legal entities are considered as tax resident entities despite their activities or circumstances, such as management country – they are tax residents just because they are incorporated in that country.

However, some countries have a different approach to a company’s residency status: only companies which are managed from that particular country are considered resident companies, being incorporated there does not give these companies a resident company status.