I hoping someone can clarify for me. I’m a US citizen. If I am a Director of a Foreign company in a country where I am living as a Permanent Resident, and own 50% of the shares of the company, where my cofounder is not a US Citizen and owns 50% of the company but is not a director. Would my company be a CFC. How about if as Directory I have a tie breaking vote?
Thanks in advance for any knowledge on the topic.