International Tax Planning
Facing an increased complexity in international jurisdictions and risks through concealed legal details, the average knowledge of a bank clerk or a local tax consultant nowadays is by far not sufficient.
Complex tax laws can make life difficult for private and professional practitioners who constantly have a variety of demands placed upon them. With a nearly 20 year experience SwissLux Selective Corporation’s role is to help ease some of those pressures, by advising on how best to sort through the maze.
We have the expertise to devise clear strategies for both simple and complex issues and to arrange their implementation – but sometimes a practitioner might simply need confirmation that their idea will work or some help to refine the technical aspects of an idea or strategy.
International Tax Planning is a very broad discipline and we have expertise in many areas. Some of the more common matters in which our help is sought include: establishment of business globally, selection of jurisdiction for business and personal purposes, structuring for of business acquisition, family succession planning for business and investment assets. Through our global network we can assist you internationally. SwissLux Selective will only account for the real time spent. It could not be more favorable and convenient for you.
SwissLux Selective does not prepare income tax returns or provide accounting or legal services. Our role is advisory only, although documentation required in conjunction with advice that we provide is arranged from associated law firms.
Residence and Citizenship Planning
As globalization has expanded, residence and citizenship have become topics of significant interest among the increasing number of internationally mobile entrepreneurs and investors whom we proudly serve every day.
The first step in optimizing your tax and estate planning situation is to identify all those countries to which you are linked in some way. This involves two key factors: the location and nature of your property – and your place of residence.
Sophisticated tax laws and anti-avoidance legislation worldwide make it more and more difficult to find tax-efficient structures for clients who are resident in high-tax countries. A change of residence to a suitable low-tax country is therefore an increasingly important aspect of international solutions to tax and estate planning for private clients.
Also making an active decision with regard to your citizenship gives you more personal freedom, privacy and security. For each of our clients we analyze the individual situation carefully, present the available options, develop a plan of action and make it happen. Our extensive expertise and experience empowers us to deal with government procedures quickly and efficiently on your behalf.
Every day, not only individual private clients and families, but also their trusted advisers worldwide, rely on us for our specialist knowledge in citizenship planning. This includes comparative citizenship law, the relinquishment of citizenship, and the acquisition of citizenship based on residence, ancestry or through a citizenship program.
Our directly cooperation with our Swiss Partner Iakovidis Capital – jic.li – you get enabled to have a trustworthy and experienced expert at your side.
We also have become a source and complement Partner to other firms advising international private clients. We regularly help law firms, private banks, family offices and other wealth management professionals with the unique and specific details required for residency and citizenship planning for their clients.
Unlike the vast majority of trust, our trusts are not still based substantially on precedent documents decades ago. Tax Strategies‘ trusts are new generation trusts for the 21st century, with a range of unique and innovative features. Completely rewritten and created new precedent documents – the result of significant research and specialist skills.
Also, we have the strong view that current practice demands much more for a family than the same old discretionary trust features from the past that have long outlived their usefulness. For instance, the lack of fixed interests of substantial value for beneficiaries of a discretionary trust is both its greatest strength (giving such wonderful flexibility)… and its greatest weakness. That weakness is the inability to pass ownership interests for the succession of trust wealth to the next generation. Passing control of a corporate trustee and the power to remove and appoint trustees is a grossly inadequate mechanism for succession. There is just too much that can go wrong from reliance on that mechanism, since it does not encompass direct control over trust assets for succession purposes. And the risk of its failure to achieve intended succession outcomes is highest in potential conflict situations – ironically, the time when there will be most reliance on a control mechanism.
SwissLux Selective has trusts that overcome that very substantial weakness – melding with estate planning arrangements in a far more principled and effective way, yet retaining the wonderful flexibility of discretionary trusts.
Our documents are written in an easy, readable style. And the drafting style avoids copying numerous mandatory provisions that are contained in relevant statutes – the result is much shorter documents that are far more easily readable and need far less amendments to maintain alignment with relevant statutory provisions when those are amended.
SwissLux Selective can arrange more complex trusts or other structures to suit specific circumstances. And simpler associated matters such as changes of trustees.
Substantial amendments of trust deeds can also be provided – for old discretionary trusts and unit trusts as well, not simply for SMSFs. Rather than piecemeal amendments, we will often be able to arrange a complete rewrite so that a single, modernized deed results. That avoids the need for practitioners to look at multiple documents when trying to determine what the current rules are. The process and documentation to achieve these amendments are carefully designed so that no tax or duty liabilities will be triggered.
Documents can be provided either electronically or in hard copy by express post. They are usually sent the same day as instructions are received, unless we receive those instructions later in the day.