Advising on controlled foreign companies (CFC) matters

Controlled Foreign Company (CFC) advice for individuals includes professional services to manage the tax and legal aspects of ownership and control of foreign companies.

Analysing the ownership structure

  • Assessment of the current ownership structure of foreign companies;
  • Analysing the compliance of the current structure with the requirements of legislation.

Compliance with legislation

  • Advising on CFCs` legislation;
  • Ensuring compliance with the requirements of tax legislation.

Declaration of CFCs

  • Preparation and filing of CFC ownership reports;
  • Advice on preparation of CFC notifications and declaration of CFC profits.

Tax planning

  • Adjusting the tax burden associated with the ownership of a CFC;
  • Advice on the application of tax incentives and international treaties.

Preparation of financial statements

  • Outsource of preparation of CFC financial statements;
  • Advice on financial reporting requirements in various jurisdictions.

Legal support

  • Representing the client in case of requests from the tax authorities.

These services help individuals effectively manage their controlled foreign companies, manage tax risks and ensure compliance with all legal requirements.

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