International Tax Planning

Published 09 August 2018 by Europe Emirates Group

Setting up a company is straight forward in a sense and anyone with a bit of common know-how could probably do it, within the given time, patience and travelling to the country of incorporation. However, it is of extreme importance to get proper advice, as to the structure and the ownership of the company and how this must be administered and controlled so as to ensure there are no unexpected or encountered developments, at a later date. 

If you were to compare setting up a company to a product, in sense the necessary advice and know how would ensure the completion. How to use that one particular product and how to ensure that it is structured correctly. On the contrary, setting up a company requires many years of experience in professional structuring to ensure that what seems an easy and straightforward matter achieves the desired end result. Gone are the days when for example setting up an offshore company and offshore banking achieved substance in International Tax Planning.

Substance is now not just applicable in the country of Incorporation, but also in the country that you have tax residency in and the two must align.

Every case is different and there is not a one size fits all approach that will work under any circumstances, high levels of expertise are required to ensure that the advice is up-to-date, effective and as importantly fully compliant.

Failure to structure and manage the company correctly could mean that intended tax savings are not realised, and in some cases could result in an increase in the tax payable with hefty fines and in many cases Criminal Proceedings being initiated.

Europe Emirates Group, provide professional structuring advice and once we have understood your personal and business requirements we are in a unique position, through our Global IR Network, to advise on a suitable structure which will meet those needs and should result in significant tax savings that will be able to be maintained for many years to come.