With the increasing exchange of tax information, sanction-related restrictions on the administration of foreign structures, and Russia’s deoffshorisation policies, the demand for international tax planning services is growing. Business owners must find efficient tax solutions, including designing ownership and management structures that are optimal from a tax perspective, optimising taxation (including through redomiciliation), and ensuring business structures comply with both the Russian and the international tax legislation.
Additionally, businesses must properly declare foreign companies, personal assets of beneficiaries, and income received in Russia. Failure to do so exposes both companies and beneficiaries to potential claims by tax and currency control authorities, as well as a need to recover overpaid taxes and identify tax reserves. Against the backdrop of stricter penalties for tax violations, competent tax planning has become a top priority for both businesses and beneficiaries.
BGP Litigation has extensive experience in supporting projects involving international tax planning, ownership structuring and asset management in a wide range of jurisdictions, including Monaco, Malta, Latvia, the British Virgin Islands, Switzerland, the UAE, China, the Seychelles, Poland, Cyprus, The Netherlands, Germany, France, the United States, Estonia, Bulgaria, Norway, Luxembourg, CIS countries, Greece, the United Kingdom and others.