INTERNATIONAL BUSINESS RELOCATION

The international relocation of business should be implemented where possible to provide maximum financial efficiency and asset protection. Ideally any professional service business, sales or marketing, consulting services; are candidates for business relocation, and in particular, those business's with the ability to trade on an international basis are immediately potential candidates.

The benefits may include:

o   Elimination Of GST;

o   Tax Efficient Business Transactions;

o   No Capital Gains Tax;

o   Asset Protection;

o   Elimination Of Many 'Unnecessary Costs';

o   More Flexible Banking Capabilities;

o   Tax Efficient Superannuation;

o   Cost Effective Bank Loans;

o   Investment Opportunities.

There is technically no legal or accounting reason why the ownership of a business cannot be relocated overseas, providing that it is transparent and commercially acceptable.   A specialised international structure should be created which would take over the existing business.  The existing business is restructured and then continues to operate and pay taxes in the normal manner, however any consulting and/or management fees paid to the parent structure are fully deductible as business expenses.

This then results in those fees being taxed in accordance with the parent company’s jurisdictional tax laws and may result in significant savings. A further advantage is that these savings can then be re-invested so that the returns are tax-free to the parent structure. 

Checklist For A Successful Business Relocation

The following represents an indicative and exhaustive checklist of those effective commercial factors which should be taken into account and activated when initiating a corporate restructure or international relocation:

Corporate Privacy

Ø  Information Security

o    Data storage facility

o    Co-location server

o    Banking privacy

o    Data back-up

o    Storage security

o    Data encryption

Asset Protection

Ø  Personal Assets

o    Residence Life Assurance Policies

o    Investment Assets

Ø  Trustee Security

o    Banking Credibility

o    Transaction Reliability

Ø  Business Operational Integrity

o    Geographically Registered Business Administration

o    Geographically Registered Structure

o    Geographically Registered Website Hosting

o    Commercially Transparent Funds Repatriation

o    Web-based Invoicing and Accounting

o    Geographically Registered Ownership of Intellectual Property

o    Website C.A. (Certificate of Authenticity – Digital Credibility)

ü   Business Premises

ü  Domain Name Rego

Ø  Financial Security

o     Client Access To Funds

o    Financial Control

Ø  Jurisdictional Assessment  (for International Tax Planning)

o    Double Taxation Agreements

o    Third Party Effects Of Dta's

o    Effects Of DTA’s In Relation To Tax Havens

o    Effects Of DTA’s In Relation To International Financial Centres

o    Identification Of Commercial Business Transactions

o    Assimilation With Local Domestic Legislation

Ø  Operational Procedures

o     Invoicing frequency

o    Banking frequency

o    Fund repatriation frequency

o    Seamless automation of accounts 24/7 real-time communications