Anti - offshorization

De-offshorization or anti-offshorization has been developed as the new tax and legal concept by a number of CIS and former Soviet states as an attempt to harmonise the local legislation with international regulatory change. The legislative discussion started a few years ago and since then has been gaining pace and force spreading over the countries and territories. Anti-offshorization aims at preventing the use of foreign companies, structures and accounts for aggressive tax planning and tax avoidance. It also helps to facilitate transparency of ownership over assets and fight against financial market crimes. 

De-offshorization is associated with introduction of various anti-tax-avoidance measures and mechanisms that might include Controlled Foreign Company rules (“CFC”), general anti-avoidance rules, disclosure obligations, financial information exchange provisions and many others. These rules create significant uncertainties and require special notice, attention and in many cases action. 

MP Part will support you in providing various advisory and execution services aiming at proper awareness and understanding of the concepts, sound analysis of their implication to your business and investment practices and planning of the possible actions and restructuring projects to comply with de-offshorization requirements. Our services follow the clients’ actual situation and needs and include:

  • diagnostic analysis of the existing or planned asset structure in view of the de-offshorization rules;
  • assessing the implication of the applicable de-offshorisation measures over the foreign assets and activity patterns;
  • application of available mechanisms to get prepared to the new rules and the transit to compliance with them;
  • elaborating and execution of de-offshorization compliance plan.

We welcome the opportunity to discuss the concepts of concern and your individual situation in more detail to help you find the most efficient as well as tax-and cost-effective solution to meet anti-offshorization requirements.