Modern Compliance

Investors and individuals can be affected by the latest changing tax, legislative and regulatory developments throughout the world. Consequently, we help you establish suitable strategies to adapt to such changes and developments and thus manage your operations and wealth efficiently.

  • Complete evaluation of the present status of the business
  • Analysis if better solutions can be applied in order to ensure compliance with all applicable regulations.
  • New procedures and continuous evaluation of compliance with laws, regulations and standards according to the jurisdictions where the business will be active.
  • Ongoing screening against international databases of all relevant parties and business partners.

In today changing environment, several challenges that affect companies in the EU and other parts of the world are pointing towards effective structuring and investments, using business friendly jurisdictions.

  • GATCA (Global Account Tax Compliance Act) will apply in the EU starting with 01/Jan/2017 and it will be coupled with local regulations specific to each EU country member. The new EU regulations will basically make obsolete and relatively inefficient, any corporate structuring that involves classic offshore companies, as long as proper “business substance” concepts will not be met.
  • Even non-offshore jurisdictions (like Cyprus and Malta) will be significantly affected by the new incoming wave of regulatory compliance. The usual “shell companies” without proper substance will be challenged by the EU tax authorities based on where the actual control of the company is conducted and based on the effective business substance of the company itself in the country of incorporation.
  • The simple use of Nominee structures will come under serious scrutiny when the new European “UBO Register” that has been adopted by the European Parliament in July 2015, will in fact be formally introduced in all EU countries from mid 2017.
  • If someone would put together all the above new EU regulatory changes and the already in force EU regulations on BEPS (Base Erosion Profit Shifting), we can safely state that starting with 2016, significant changes will affect the world of international corporate structuring especially for European investors.
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