LONDON--(BUSINESS WIRE)--Grant Thornton today issued 'A global guide to business relocation', a comprehensive 138 page document covering topics of importance for any business looking to unlock growth through greater efficiencies.
“Many companies from large multinationals to entrepreneurial businesses are exploring relocating part or all of their operations to new territories,” said Francesca Lagerberg, Grant Thornton Global leader – tax services. “While there are a number of cost and commercial reasons why a group may consider relocating part of their operations, it is also very important to understand all the consequences.”
The Grant Thornton guide outlines what type of activity is commonly relocated and the benefits of doing so. The key to successful business relocation is early planning, working to achieve commercial objectives and careful execution.
Topics covered in the guide include:
- What effect will new regulations have on international structuring?
- How can relocation add value?
- Change to the risk model
- Operational issues – Customers, suppliers and markets; Substance; People; Reputation
- Legal Issues – Employment law; Contract renegotiation; Company law
- Tax issues – Residency and controlled foreign corporations (CFC) rules; Transfer pricing; Exit charges; Indirect taxes.
In addition, the guide provides in-depth tax profiles of 26 countries: Argentina, Australia, Belgium, Brazil, Canada, Chile, China, Colombia, Cyprus, Hong Kong, Hungary, India, Ireland, Luxembourg, Malta, Mexico, Netherlands, New Zealand, Panama, Puerto Rico, Singapore, Spain, Switzerland, United Arab Emirates (UAE), United Kingdom and the United States.
To receive a copy of Grant Thornton's 'A global guide to business relocation', visit www.GrantThornton.global.
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