Many of our clients now have interests in a number of countries, often in part to help mitigate the complexities of a new relationship with the EU, post Brexit, to take advantage of local skilled labour or closer proximity to customer and supply chains.
We are able to help you with the set-up of business interests in the EU, US and other jurisdictions, and if needed to help locate suitable professional advice in those areas.
It is critical to ensure that the tax rules in each area are known, as well as the interaction with UK rules. Some countries have a ‘tax treaty’ with the UK which ensures no punitive impact of operating in multiple tax regions, whilst others may seek to apply tax rules regardless of the UK tax requirements.
How these entities are then incorporated (or not) into your UK business structure is crucial, not just from a tax perspective, but commercial and risk protection are all key decisions when planning your structure. Often when people create a new structure, they don’t think about the exit or end point and it can have significant consequences as your structure has to not only work today, but also for your future plans as well.
All complex issues requiring expert advice, before any actions are taken.