Originally Posted by Webby

The non resident company qualification is that the actual owners are located in another country. In the instance of Aussieland where a double taxation treaty in existence, the UK Inland Revenue will agree to the non-resident status and issue tax exempt paperwork and kill any UK taxation.

If you wanted to take that a step further and reduce the actual taxation on the company (tho private earnings/dirs fees etc would still have to be paid in eg Aussieland) you could have another company set up in eg Malta where this company was the parent of the UK corp and where the local company taxation rate would be less than that of Australia. It all depends on the monetory benefit as to whether this is worthwhile and is something a decent lawyer with some experience of jurisdictions can be useful.