Tax and legal services for private clients

  • Assessing personal assets and income structure for tax and currency risks, developing recommendations to eliminate identified risks
  • Structuring personal wealth to achieve multiple objectives (asset protection, investment performance, capital accumulation and preservation, predictable estate structure, etc.)
  • Corporate tax planning and structuring
  • Designing a structure of real estate ownership in Russia and abroad using corporate and other instruments
  • Tax and legal structuring of Russian and cross-border transactions (sale and purchase of real estate, shares and participatory interest in companies, cryptocurrencies and other digital assets, etc.)
  • Analyzing potential implications of automatic exchange of financial information for clients and their business
  • Assistance in KYC/AML procedures for clients and interaction with compliance departments at banks and other financial institutions
  • Other services
  • Advising on any issues of personal taxation in Russia and abroad, as well as currency control regulation in Russia
  • Advising on new currency control regulation issues, such as evaluating legality of foreign account transactions, cross-border transfers and transactions with foreign securities and real estate
  • Preparing annual tax returns and reports required by the Russian tax and currency control law
  • Auditing personal finances for tax and currency risks and developing tax strategies (Tax Check-up)
  • Representing private clients with the tax authorities in connection with matters of tax and currency control law compliancе
  • Representing private clients with the tax authorities in case of receiving demands for provision of comments under automatic exchange of financial information
  •  Other services
  • Assisting in establishing and servicing foreign companies and structures, such as trusts and foundations, together with our legal partners in foreign jurisdictions
  • Coordination of the process of transferring various types of assets into the established structures (securities, movable and immovable property in Russia and abroad, as well as other assets)
  • Preparing CFC tax reports
  • Preparing CFC financial statements in accordance with IFRS accounting standards; obtaining auditor’s report
  • Analysis of the feasibility of the transition to fixed profit taxation for CFCs, preparing applications for such a transition
  • Other services
  • Due diligence (financial, tax, legal)
  • Advising on transaction structuring, selecting optimal mechanisms to protect the buyer’s/seller’s interests
  • Providing legal support for negotiations and drafting agreements on the major terms of the transaction/negotiations (MOU, term sheet, etc.)
  • Drafting key transactional documents (share/interest purchase agreement, shareholders’ agreement/ participation agreement)
  • Preparing documents for taking necessary corporate actions to implement transactions
  • Legal advice in closing the transaction
  • Advising on new currency control regulation issues, such as evaluating legality of foreign account transactions, cross-border transfers and transactions with foreign securities and real estate
  • Assisting clients in cases of unjustified blocking of foreign assets
  • Structuring and supporting transactions to relocate foreign business to friendly jurisdictions, assisting in setting up foreign companies and structures in friendly jurisdictions
  • Providing support in opening corporate and personal accounts with banks located in friendly jurisdictions
  • Analysis of the Client’s Declaring Assets and Accounts within the Amnesty of Capital
  • Preparing and filing Special Declaration, related reporting documents enclosed to the Special Declaration, as well as other documents to ensure guarantees under the Capital Amnesty are applied
  • Preparing the ‘safeguard file’
  • Advising on the best program to get a residence permit or citizenship in a foreign country, as well as supporting private clients in obtaining a residence permit/citizenship
  • Assisting private clients in the procedure of relinquishing Russian citizenship
  • Analyzing tax implications of changing Russia’s tax residency status, including comparative analysis of jurisdictions where tax residency may be obtained with a focus on special taxation regimes with beneficial tax treatment
  • Analyzing tax and currency control regulation consequences of losing Russian tax residency

Comprehensive support for managing and administering family wealth in terms of law, taxation, currency control regulation, and inheritance in Russia and abroad:

  • Assessing and monitoring compliance with the law in Russia and abroad
  • Coordination of cooperation with the client’s legal services providers
  • Resolving clients’ various issues and representing their interests with the Russian tax authorities, the Ministry of Internal Affairs authorities, courts and other state authorities

Inheritance law​

  • Performing due diligence and identifying risks in the current corporate structure and governance mechanisms, provision of recommendations to address the risks identified

  • Preparation of a Corporate Succession Plan, recommendations, and documents to establish a corporate succession system

  • Development of optimal legal structure for a group of companies, including various management and control mechanisms to ensure long-term development and growth, protection and other goals

  • Drafting all the necessary legal documents

  • Providing legal support for legal entity reorganization and participation in managing bodies

  • Establishing mechanisms to protect business and secure the interests of the entire family or specific successors

  • Estimating tax burden on heirs considering the required tax payments abroad

  • Designing structures to ensure predictable order of inheritance using:

    • Foreign legal mechanisms (trusts/foundations) and support for their direct establishment, and/or

    • Russian legal mechanisms (complex inheritance determination, estate/personal funds, CEIFs, wills, and other mechanisms) and supporting their execution (e.g. as executor)

  • Development of family-hereditary concept of transfer wealth to heirs

  • Drafting marriage contracts and wills

  • Performing the role of executor, managing personal / inheritance fund

  • Supporting registration inheritance entitlements

  • Evaluating assets to distribute inheritance

  • Mediation of relationships with partners and within family based on results of legal and tax diagnostics

Corporate Practice

  • Business appraisal, drafting financial models
  • M&A transaction support
  • Marketing research
  • Record keeping/reporting of legal entities
  • Corporate financial investigations (Forensic)
  • Corporate Conflicts
  • CFO services

Read more about corporate taxation practice on the ALTHAUS website 

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