Conference organised by Delovoy Peterburg and Maxima Legal: ‘Property overseas: advantages, risks, legal advice and tax structuring’
On 13 December 2016 at the Grand Hotel Europe, business newspaper Delovoy Peterburg together with law firm Maxima Legal in partnership with GRM Law and Stelios Americanos & Co held a conference on the topic of ‘Overseas property: advantages, risks, legal advice and tax structuring’.
The acquisition of property overseas is changing from being a luxury item to becoming an element of long-term financial, taxation and migration planning. Whilst previously property was purchased for personal use, now more and more wealthy individuals prefer to invest in commercial property overseas and establish business interests there, for example, in tourism, agriculture and commerce.
Any transaction for the acquisition of property overseas requires thorough and careful financing and tax analysis and demands that issues of structuring ownership of assets be addressed, along with issues of tax residency. Increasingly the acquisition of property is seen as a good investment to solve a number of problems associated with personal wealth and business: tax residency, control of foreign companies, migration matters and international lending. When considering the opportunity to purchase property overseas, it is necessary to take into account a range of tax and legal risks, including those associated with cross-border exchange of tax information. All these topics were discussed during the conference, during which participants also put their questions to Russian and foreign consultants.
On 22 December Delovoy Peterburg published an article about the event.