In all probability the management company is set up by the developer already. It would be unusual for the developer to set up the company in another country.
By any chance are you confusing management company and management agent?
The developer in question is from the north, built the developement in the south and they have used a northern company based in the north to look after the management of the estate. I am just a bit concerned about that.
as an aside, I recommend changing the title to be more useful and doing a search on the vast bank of knowledge about management companies and agents on AAM