A CFC or Controlled Foreign Corporation  is a legal entity, such as a company or corporation formed in one tax jurisdiction while the beneficial owners and/or officers of that entity are ordinarily resident in another tax jurisdiction.

In the UK, under Companies Law, there are no restrictions on foreign nationals or residents being a director, secretary or shareholder of a UK incorporated company, the only stipulation is that a UK company must have a UK registered office address. There may be restrictions on foreign nationals living in the UK owning or being officers of a UK company if they are prohibited by the terms of their visa under the Home Office or Immigration legislation.

@UK PLC can form companies for overseas nationals or residents but are not qualified or authorised to give financial or tax advice on the administration of these companies and clients are always advised to consult an appropriate professional advisor.