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Tax and legal audit of the project / organization

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Despite the common stereotype, tax accounting and bookkeeping are very different. Therefore, many firms have problems during inspections by regulatory authorities. As you know, the penalties for non-compliance with tax reporting rules are quite serious. And the legislation undergoes constant changes. A tax and legal audit of the company will help to avoid unwanted additional costs for paying fines.

Tax and legal audit of a project/organization: what is it?

Tax and legal audit is a part of legal audit. The essence of a tax-legal audit is a thorough examination of the taxation aspects of a group/project/company with a legal bias. Thanks to such an inspection, it is possible to identify tax and legal risks, check the effectiveness of the current level of taxation of the group and develop possible recommendations for eliminating/minimizing such risks and establishing the rationality of the structure and work of the project with an optimal level of tax burden. In most cases, this procedure is performed by tax lawyers without the involvement of accountants and/or auditors.

This audit is not a full-fledged financial audit with an assessment of the correctness of the company’s financial and tax reporting and/or the correctness of the calculation and timeliness of the payment of tax liabilities. Tax and legal audit is performed by an independent organization. So the customer receives the most objective information. The list of aspects that will be checked will directly depend on the agreement with the client.

In what cases is it necessary to order a tax and legal audit?

A tax and legal audit may be necessary, in particular, in the following cases:

The price of a tax and legal audit

The final cost of a tax-legal audit will depend on the scope and type of audit. Usually, this process consists of the following stages:

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International Structuring

International structuring is of great importance for any business, both already functioning and planning to enter the international market. The correct organization of the legal structure and rational tax planning is the initial and basic guarantee of successful business development in the future. Given the current global trends, among the rest of the automatic exchange, counteracting the erosion of the tax base, the shift of profits, and other measures to combat tax evasion, the competent structuring of business in world markets becomes even more important. The support of professionals in this area will be of great importance for the adaptation of businesses to various innovations, ensuring their continuous operation and protecting interests in the new realities. The most optimal solution is to entrust the planning to a specialized law firm. Key factors International structuring is an extensive set of legal processes. All of them contribute to protecting business assets, minimizing legal and tax risks, using the most rational ways in the field of taxation, and solving other tasks set by the client. The necessary solutions are developed using legally acceptable mechanisms and tools. Specialists use the available tools in such a way as to ensure the maximum effectiveness of the measures taken to protect and optimize the business of clients. A full international structuring in most cases consists of the following steps: First, a meeting or call is scheduled with the client. During it, we discuss the initial data, as well as determine the goals and objectives. Our experts analyze the provided description, work out all the preliminary options and possibilities. Further, communication with the client continues to clarify the details and features, preliminary agreement on possible jurisdictions and mechanisms for their further more detailed consideration by professionals. A memorandum is being prepared outlining the structuring options. Next, the specialists present the options developed in the memorandum to the management of our client. After that, we further discuss and agree on the most suitable options. At the final stage, our company provides full support for the implementation of the structuring option, and individual restructuring elements chosen by the client. Benefits A number of positive factors influence the demand for the services of our lawyers. Our specialists have significant experience in international planning, they know the practical features and all the possible difficulties that may arise in this area. Inteliumlaw constantly monitors current trends, planned transformations and innovations in the field of international taxation. Thanks to the accumulated experience and monitoring of upcoming changes in this area, we work proactively for our clients and develop structures for businesses that are most adapted to modern conditions. Our offer Our specialists provide full support for the process of international corporate structuring. Inteliumlaw provides a wide range of services in this area. Specialists conduct preliminary consultations on optimizing the structure of groups of companies. At the request of our client, we prepare legal opinions on the peculiarities of the work of jurisdictions and taxation in certain countries. Our company develops optimal business structures according to customer requests. We take into account the peculiarities of the business and the priorities set. We also analyze the current structures of groups of companies and their restructuring. Inteliumlaw provides full legal support for the implementation of the developed business structure, as well as the inclusion of individual companies in the group structure. In addition, our client can receive a complete implementation of the international business structuring project with professional support at every stage – from consulting to the full implementation of the project. Other services

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Incorporation of Companies Abroad

Business registration abroad

The main task of every entrepreneur is the development of his business. And the main condition for the realization of this goal has always been an increase in sales. A successful solution will be to increase profitability thanks to entering the foreign market. And for this, an entrepreneur must understand how to do business registration abroad so that it fully meets the requirements of the local legislation. Advantages to open a company abroad Registering an enterprise in another country has many advantages. Many states care about attracting entrepreneurs from other countries. Therefore, the local government introduces special privileges and creates the most loyal conditions for the activities of foreign companies. The modern market dictates new conditions to entrepreneurs. One of the main trends in it is a very high level of competition. Therefore, company owners are often forced to enter foreign markets in order to be able to continue business development and increase profitability. Sometimes the choice of a foreign jurisdiction for conducting business may be determined by the specifics of the business itself and its regulation in the relevant state (for example, obtaining licenses). Among the main benefits for entrepreneurs, the following can be noted to open a company abroad: selection of a jurisdiction with optimal conditions and legal basis for the company; an opportunity to attract more investors; increasing the number of buyers and clients; the ability to find markets with minimal competition; the opportunity to use benefits from the state; favourable taxation systems. When a business owner chooses a jurisdiction, it is important for him to consider all the nuances of the company’s activities. For some, the most important are the registration deadlines and the absence of bureaucratic complications to open a company abroad. For others, the most important thing is a wide range of registration forms. Some businessmen are looking for opportunities to remotely manage and open virtual offices. For some, a loyal taxation system is a priority. Most often, favourable competitive conditions are offered in Asian countries. Incompletely developed markets make it possible to bring the company to a fairly high level of profitability in a short period of time. Also, in Asian countries, you can count on the provision of various grants and loans on preferential terms. Each Asian country offers different conditions. For example, in Malaysia, entrepreneurs will have the lowest costs for establishing and developing a business. In general, the costs of maintaining a company here are among the lowest. The markets of European countries are already fully developed. But businessmen in this region are most attracted by the stability of the country’s economy, protection by local legislation, as well as the jurisdiction’s reputation in the eyes of potential partners. How to quickly and easily open a company abroad? It is quite difficult to implement this task on your own. Help will be needed even at the initial stage – during the selection of a jurisdiction. After all, how efficiently your company will work in the future depends on this. Our company performs Incorporation of Companies Abroad on optimal terms. Professionals will analyze your company’s activities and select the state with the best conditions. At the same time, they necessarily take into account all the wishes of the customer and the peculiarities of local legislation. Our experienced lawyers know all the nuances of this procedure. Therefore, business owners do not have any problems with the preparation of documents or obtaining the necessary permits. By contacting our company, you will not only get a great opportunity to scale your business, increase profits and reduce costs, you will relieve yourself of troubles when performing these tasks. Our specialists will provide professional support and help you achieve the desired result. Leave Us A Message And we wil get back to you Contact Us Our cases

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Ongoing Legal Support

The activities of any company must comply with the current legislation. It is difficult to imagine all processes without legal business support. The specialists of Intellium Law know all the peculiarities of work and legal regulation of various areas of business and have extensive experience in legal support of IT, gambling, e-commerce, cryptocurrency business, production, trade, restaurant business, telecommunications business, investment business, real estate business and other areas. This allows our specialists to provide high-quality business legal support services to companies of any size and form of ownership. Legal support and business protection: what is it? Complex legal support of business involves a whole series of measures aimed at supporting business in compliance with the necessary regulations. It also allows you to prevent and reduce legal and tax risks, protect the capital and interests of the owners of the company/group. The procedure involves legal management of operational activities, verification of counterparties, agreements and documentation. By agreement, legal support may include participation in the company’s litigation, which, in most cases, is not included in the usual package. Many business owners prefer to have an in-house lawyer. But subscription legal business support from law firms offers more advantages. Here are the most famous of them: Cost reduction. Usually, the services of a third-party firm are cheaper than paying the salary of an in-house lawyer on an ongoing basis. Collective support. One specialist will not be able to perfectly understand all the nuances of each process. A team of professionals will cope with any tasks much better. Diligence. One lawyer cannot always cope with a high workload and keep track of all changes in legislation. Speed. The team will be able to cope with a much larger volume of work in a shorter period of time than one specialist. Quality. Usually, in law firms, any task goes through several levels of review from a junior to a senior specialist and final approval by partners. In what cases are business legal support services required? Running a business without subscription legal service and support is a very risky activity. After all, the company carries out activities with a constant risk of violating the current law and is legally unprotected. Therefore, it should be emphasized that legal support of small businesses, medium and large enterprises is a daily necessity. The service of legal support for business purchase and sale agreements and investment projects is also very popular. In this case, the buyer has confidence that the company’s activities comply with the current laws and the criteria stated by the seller, and that the investment asset is properly registered and will not create any legal/tax risks for the investor. Leave Us A Message And we wil get back to you Contact Us Other services

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The accumulated experience and tracking of future changes in this area allow us to be proactive
for our clients and develop the most adapted business structures to modern conditions.

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