On request of our client we prepared several proposals for changing the country of personal tax residency.
Task description:
Objective:
To choose a residency program in economically attractive European country, comfortable for family life and business.
Our actions:
- Analysis of tax systems in European countries and selection of the two, that meet the criteria of our client.
- Analysis of proposed programs for obtaining a residence permit (residence) in the context.
- Determining the cost and timing of residency acquisition for all of our client’s family members.
- Analysis and calculation of the tax burden on the gross income of the client, taking into account international agreements of the double taxation avoidance.
- Analysis of the requirements to be applied to our client for the incorporation of companies and opening of the bank accounts. Also an analysis of the banks’ ability to execute transactions with offshore and other companies.
- Outline of the business structure and cash flows.
Results:
We have presented a conclusion with a set of accompanying materials on Malta, as the country of the new tax residency and the had developed a potential client’s business structure.