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    Buying or selling a business abroad?

    Don’t come unstuck when it comes to your tax obligations – speak to an expert in your chosen territory.

    • Formalising the informal
    • Shrinking the world of tax
    • Solving International tax issues using local knowledge

     

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    Buying or selling a business abroad? We know someone who can take care of your tax obligations

    So, you’re thinking of either buying or selling a business abroad? Exciting times! Sorry to be a killjoy, but you know that there’s going to be a tax to pay on the transaction, right? Do you know how the tax system works in that particular jurisdiction?

    If not, it’s lucky for you that we dropped by!

    We’re deadly serious when we say that there are some important pitfalls to avoid when it comes to buying a company or selling your business in unfamiliar territories. That’s why it’s so important to get advice from a business and tax advisor who’s an expert in these matters and in your chosen part of the world – a Tax Native if you will!

    And we can make the introductions.

    Find a tax native

    International expertise

    Tax advice for buying or selling a business in a foreign territory

    Unfortunately, there isn’t a catch-all solution to paying taxes when buying or selling a business. That’s because every jurisdiction around the world has its own rules, regulations and peculiarities. Let’s look at that in a bit more detail…

    Ask us a question

    Selling abroad

    Selling your business in an unfamiliar territory

    When selling a business abroad, you have to keep many of the same considerations in mind as if you were buying one. The local tax laws, tax treaties, the type of business that you’re buying, the way that you receive payment for the sale, and the exchange rate will all have a say on how much tax you need to pay.

    One additional consideration you may have to consider is the repatriation of funds. If you’re repatriating the funds from the sale of the business back to your home country, you’ll need to consider the tax implications of that as well.

    Ask us a question

    Local tax advisors to solve your
    international tax issues.

    Find a tax expert

    Tax considerations when buying a business abroad

    You might need to consider one (or all) of the following factors when buying a business in a foreign territory:

    • Tax laws in the country where the business is located: You should familiarise yourself with the tax laws of the country where the business is located. Each country has its own tax laws, and these laws can be complex and vary greatly from one country to another.
    • Tax treaties between your country and the country where the business is located: If your country has a tax treaty with the country where the business is located, this can affect how much tax you pay and how you pay it.
    • Type of business entity: The type of business that you purchase can affect how much tax you pay. For example, if you purchase a corporation, you may need to pay corporate taxes in addition to any personal income taxes you might owe.
    • Purchase price: The purchase price of the business can affect how much tax you pay. Some countries have taxes on the sale of businesses, and the amount of tax you owe may depend on the purchase price.
    • Payment terms: The way you pay for the business can also affect your tax liability. For example, if you make payments over time, you may owe tax on each payment as it is made, rather than on the total purchase price.
    • Currency exchange rates: If you are purchasing the business in a currency other than your own, fluctuations in exchange rates can affect how much tax you owe.

    All great reasons to speak to a tax professional who’s familiar with both your country’s tax laws and the tax laws of the country where the business is located. Need business sale advice? We’ll know someone in your territory that can help.

    Tax relief when selling your business abroad

    When selling a business in a foreign territory, did you know that you might be entitled to tax relief options? No, really! Here are some key factors to consider:

    • Tax treaties: Check if your home country has a tax treaty with the foreign territory where the business is located. Tax treaties can provide relief from double taxation by allocating taxing rights between the two countries and may also provide reduced tax rates.
    • Capital gains tax: Determine the capital gains tax rate in the foreign territory where the business is located. Some countries may provide a reduced rate or exemption for non-residents selling a business.
    • Deductible expenses: Review the expenses incurred during the process of selling the business such as legal, accounting and valuation fees. These expenses may be deductible and reduce the taxable gain on the sale.
    • Tax credits: Consider if your home country provides tax credits for taxes paid in the foreign territory where the business is located. This can reduce your overall tax liability.
    • Timing of the sale: Determine the tax year in both the foreign territory and your home country. Timing the sale may help to minimize your overall tax liability.
    • Type of business entity: The type of business entity you are selling can affect the tax relief available. For example, if you are selling a foreign branch of a corporation, you may be eligible for tax relief under the foreign tax credit provisions of your home country’s tax laws.

    See? You could potentially save yourself a tidy sum – but only if you’ve got the correct information. Let us put you in touch with a tax professional who is familiar with both the tax laws of the foreign territory and your home country’s tax laws. They’ll help you navigate the complexities of cross-border tax issues and make sure that you take advantage of all available tax relief options.

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    Why Tax Natives?

    Think of us as a tax dating service (stay with us on this). We swipe through our network of international tax consultants and find one that’s a perfect match for your unique tax situation.

    Whether you’re of retirement age and are looking to invest your pension, a property magnate expanding your portfolio into new countries, or a stakeholder in a business that is opening up a satellite in a new location, our international tax advisors can help you with the tricky business of abiding by local tax laws.

    We’ll strip away all the jargon and make the world of international tax feel much more intimate. A match made in international tax heaven, if you will. Find out more about your tax destinations and jurisdictions using the map below.

    View global adviser map

    Australia

    Barbados

    Canada

    China

    Cyprus

    France

    Germany

    Gibraltar

    Greece

    Guernsey

    Hong Kong

    India

    Ireland

    Isle of Man

    Israel

    Italy

    Japan

    Jersey

    Kenya

    Korea

    Malta

    Mauritius

    Mexico

    Netherlands

    New Zealand

    Nigeria

    Portugal

    Singapore

    South Africa

    Spain

    Switzerland

    Thailand

    UAE

    UK

    USA

    MEMBERSHIP LEVELS —

    What are the membership types available?

    Curator Native

    FREE

    The Curator is a fully-fledged member of the Tax Natives team. As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives.

    The Curator is a fully-fledged member of the Tax Natives team. As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives.

    However, the Curator has additional responsibilities. They are tasked with the responsibility of managing and updating one of the jurisdiction pages. There is only one Curator membership available for each jurisdiction.

    Where a Curator fulfils their commitments then they receive a 100% discount against their monthly membership fee.

    A Curator can also provide articles if they wish.

    READ MORE

    Creator Native

    FREE

    The Creator is a fully-fledged member of the Tax Natives team. As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives.

    The Creator is a fully-fledged member of the Tax Natives team. As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives.

    However, the Creator has additional responsibilities. They commit to their other Natives that they will produce at least one piece of quality content each quarter – whether an article, video or other valuable content.

    There are multiple Creator memberships available for each jurisdiction. Where a Curator fulfils their commitments then they receive a 100% discount against their monthly membership fee.

    READ MORE

    Adviser Native

    £65 / month

    The Adviser is a fully-fledged member of the Tax Natives team. As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives.

    The Adviser is a fully-fledged member of the Tax Natives team. As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives.

    The Adviser Native is a care-free soul and has made no other commitments to his fellow Tax Natives to generate content or curate a jurisdictional page. That’s cool.

    However, the Adviser will be eligible to pay the full monthly membership fee.

    READ MORE
    Become a curator

    TAX NATIVES: CURATOR —

    Curator

    The Curator is a fully-fledged member of the Tax Natives team. As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives.

    The Curator is a fully-fledged member of the Tax Natives team. As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives.

    However, the Curator has additional responsibilities. They are tasked with the responsibility of managing and updating one of the jurisdiction pages.

    There is only one Curator membership available for each jurisdiction.

    Where a Curator fulfils their commitments then they receive a 100% discount against their monthly membership fee.

    READ MORE
    		Become a creator

    TAX NATIVES: CREATOR —

    Creator

    The Creator is a fully-fledged member of the Tax Natives team. As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives.

    However, the Creator has additional responsibilities. They commit to their other Natives that they will produce at least one piece of quality content each quarter – whether an article, video or other valuable content.

    There are multiple Creator memberships available for each jurisdiction. Where a Curator fulfils their commitments then they receive a 100% discount against their monthly membership fee.

    		 Become an adviser

    TAX NATIVES: ADVISOR —

    Adviser

    The Adviser is a fully-fledged member of the Tax Natives team.

    As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives.

    The Adviser Native is a care-free soul and has made no other commitments to his fellow Tax Natives to generate content or curate a jurisdictional page.

    That's cool.

    However, the Adviser will be eligible to pay the full monthly membership fee.
    Initial admin fee £250 Free £250 Free £250 Free
    Minimum membership term 12 months 12 months 12 months
    Article contentCreator and Curators must create at least one piece of original, quality-approved content each quarter.
    		 No
    YesCreator and Curators must create at least one piece of original, quality-approved content each quarter.
    		 No
    Managing and updating your
    jurisdiction page
    Yes
    No
    No

    NATIVE

    Curator Creator Adviser

    FREE

    Read more
    Become a curator

    TAX NATIVES: CURATOR —

    Curator

    The Curator is a fully-fledged member of the Tax Natives team. As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives.

    However, the Curator has additional responsibilities. They are tasked with the responsibility of managing and updating one of the jurisdiction pages.

    There is only one Curator membership available for each jurisdiction.

    Where a Curator fulfils their commitments then they receive a 100% discount against their monthly membership fee.

    Initial admin fee £250 Free
    Minimum membership term 12 months
    Article contentCreator and Curators must create at least one piece of original, quality-approved content each quarter.
    		 No
    Managing and updating your jurisdiction page Yes

    FREE

    Read more
    Become a creator

    TAX NATIVES: CREATOR —

    Creator

    The Creator is a fully-fledged member of the Tax Natives team. As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives.

    However, the Creator has additional responsibilities. They commit to their other Natives that they will produce at least one piece of quality content each quarter – whether an article, video or other valuable content.

    There are multiple Creator memberships available for each jurisdiction. Where a Curator fulfils their commitments then they receive a 100% discount against their monthly membership fee.

    Initial admin fee £250 Free
    Minimum membership term 12 months
    Content creationCreator and Curators must create at least one piece of original, quality-approved content each quarter.
    YesCreator and Curators must create at least one piece of original, quality-approved content each quarter.
    Managing and updating your jurisdiction page No

    £65 / month

    Read more
    Become an adviser

    TAX NATIVES: ADVISOR —

    Adviser

    The Adviser is a fully-fledged member of the Tax Natives team.

    As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives.

    The Adviser Native is a care-free soul and has made no other commitments to his fellow Tax Natives to generate content or curate a jurisdictional page.

    That's cool.

    However, the Adviser will be eligible to pay the full monthly membership fee.

    Initial admin fee £250 Free
    Minimum membership term 12 months
    Content creationCreator and Curators must create at least one piece of original, quality-approved content each quarter.
    		 No
    Managing and updating your jurisdiction page No

    Contact us

    If you want to know more about Tax Natives membership, you’re having problems with your account, or if you’d like to give a virtual high-five to a Tax Native, drop us a line and we’ll get back to you.

    Contact

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    OUR PEOPLE —

    Andy Wood

    Founder & Director

    Andy joined the bar in 2019 after learning his ‘trade’ in large, international accountancy firms including the Big 4.

    Over a decade ago (2011 to be precise), hoping that some of the magic dust from these entrepreneurial clients had rubbed off on him, he established his own tax advisery business.

    His clients, as well as the aforementioned entrepreneurs, also include high-net-worth individuals, sports persons and entertainers and private companies.

    He decided to establish Tax Natives due to his first hand experience of regularly having to quickly find reliable and knowledgeable tax advisers around the globe to assist his clients.

    He is a member of the Chartered Institute of Taxation and the Society of Trust & Estate Practitioners (“STEP”).

    Having grown up in Castleford, West Yorkshire, Andy has rugby league in his DNA. He is also a Yorkshire cricket fan and long-suffering Everton supporter.

    His guitar playing ambition exceeds his proficiency.

    Contact Andy
    01 / 02

    OUR PEOPLE —

    Stuart Stobie

    Founder & Director

    Stuart has accumulated 25 years of experience in the trust and fiduciary business sector. His journey commenced in Hong Kong alongside Grant Thornton, and subsequently, he became an integral part of Sovereign, driving business growth across Asia and being appointed Managing Director, before transitioning to Gibraltar.

    After a successful tenure as the Managing Director of Sovereign’s Gibraltar head-office, Stuart’s path led him to Zurich, where he became associated with Coutts Bank. There, he served as a private banker on their Asia desk. Eventually, he returned to the United Kingdom, where he contributed his expertise to a venture capital enterprise. In 2018, he reconnected with Sovereign, this time stationed at the Wirral office which has recently relocated to Chester’s Coachworks. As Managing Director of Sovereign Corporate and Trustee Services Ltd, his responsibilities centre around business development in the North, with a particular focus on corporate and trust work.

    Stuart’s professional journey has afforded him membership in STEP. His diverse background in the financial and fiduciary domain equips him to tackle a wide array of challenges and devise solutions for his clients and collaborators.

    Contact Stuart
    01 / 02

    OUR MISSION —

    To provide expert local tax knowledge on a worldwide scale

    Tax Natives is an international tax network that connects taxpayer clients with qualified and regulated tax advisers, from one jurisdiction to another. But we’ll let Andy explain – he’s good at this stuff.

    Bring your knowledge to the world.

    Become a member

    SPOTLIGHT ARTICLE

    Tax Residency in Monaco – how to get residency and why?

    Read more

    How Tax Natives works.

    Tax Natives is an international tax network that connects Explorers (taxpayer clients) with Natives (qualified and regulated tax advisers) from one jurisdiction to another.

    Ask us a question

    STEP ONE

    Select the ‘Ask a question button located on the top of each page and follow through the process to compose your question

    STEP TWO

    Once your question is confirmed and your account is set up, navigate to your user dashboard to view the message exchange between you and your Tax Native.

    STEP THREE

    Each Tax Native has to accept a question from an Explorer before a conversation can begin. Once the Tax Native has accepted your question, a quote will be submitted for approval through the messaging portal.