A new Expatriate Services Report is available from Hanrick Curran international alliance (Alliott Group) for businesses involved in managing the challenges and opportunities presented by the global economy and the need to move employees across geographic borders to achieve international expansion goals.
The report, published by Alliott Group, a leading international alliance of professional services firms, in which Hanrick Curran is the local affiliated member in Queensland, Australia, covers 29 countries and is targeted at the needs of senior executives working for internationally focused SME businesses and provides a reference tool on the mesh of interrelated tax, immigration and employment law issues that will be encountered by an internationally mobile workforce.
Jamie Towers, Hanrick Curran Tax Partner and Chairman of Alliott Group’s Asia Pacific regional membership comments: “In today’s competitive global business world, employee mobility is crucial. Many governments have been creative in developing ‘impatriate’ schemes that aim to attract senior executives and world class leaders to live and work in their countries. However, to expand abroad successfully, companies need to be able to assign the right people to the right locations at the right time. A full appreciation of the correct tax and legal procedures in different countries will ensure companies and individuals save time and money and avoid the debilitating penalties that make the difference between an international assignment’s success or failure.”
The report covers the following 29 jurisdictions:
Europe: Austria, Belgium, Cyprus, France, Germany, Greece, Guernsey, Hungary, Isle of Man, Italy, Malta, Netherlands, Poland, Portugal, Romania, Spain, Switzerland, Turkey, UK.
North America: Canada, Mexico, Puerto Rico, USA.
Asia Pacific: Australia, China, Hong Kong, India, New Zealand, Singapore.
Information in the report answers the types of questions handled on an almost daily basis by Alliott Group members, including:
- What are the necessary formalities and procedures an employer must follow when assigning employees from one country to another?
- Is a work permit or visa required in the host country?
- What types of benefits can be provided to employees and what are the costs?
- What is the impact of an international assignment and relocation on a social security scheme?
- Which conditions and circumstances enable expatriates to benefit from tax advantages and exemptions in different jurisdictions?
- How many days does a foreign individual need to spend in a different jurisdiction to be considered resident for tax purposes?
Hanrick Curran Partner, Peter Maletz adds: “The services available from Alliott Group member firms worldwide will help companies to better manage the mobility process, assess optimum remuneration packages and monitor cross border employment structures and company costs.”
Achieving the right advice and solutions that ensure success is no longer the sole preserve of large corporates and the wealthiest individuals. Through Alliott Group, the essential ingredients for successful market entry, such as local knowledge and connections, deep technical expertise, sector experience, speed to market, flexibility and economies of scale, are now accessible to ambitious small and medium sized businesses. Hanrick Curran is one of 170 Alliott member firms in 70 countries. Alliott Group’s aim is to be the alternative, ‘go to’ resource for businesses and private individuals focused on cross border business.
Hanrick Curran has a strong international business capability, advising many Australian clients with investments and business interests outside of Australia.
For assistance in managing worldwide taxation and superannuation obligations, or for further information in achieving your international expansion goals, speak with your usual Hanrick Curran adviser or alternatively, contact Jamie Towers or Peter Maletz on 07 3218 3900.
Click here to download the Expatriate Services Report.
Please note that this publication is intended to provide a general summary and should not be relied upon as a substitute for personal advice.