Tax advisory

We analyze the complete corporate structure, economic flows between entities —dividends, royalties, loans, intercompany services— and applicable double taxation treaties in each case. Based on this diagnosis, we design an international tax policy that optimizes the group’s global taxation, ensures regulatory compliance in each country and minimizes the risk of tax contingencies in local or international inspections. We also prepare the transfer pricing documentation required by each jurisdiction.

The international mobility of workers generates tax obligations in both involved countries: determination of tax domicile, application of the corresponding double taxation treaty, management of withholdings at origin and destination, structuring of the compensation package to minimize the tax burden for the worker and the company, and compliance with reporting obligations such as Form 720. At UR Global we manage the taxation of more than 6,000 expatriate workers worldwide, which gives us the sort of practical knowledge that has few peers in the market.

This is one of our most consolidated services. We have direct presence in Mexico, Colombia, Peru, Brazil and Chile, with local tax teams integrated into our global network. We advise on structuring investments from Spain, repatriation of dividends, application of double taxation treaties signed by Spain with each Latin American country, and local tax management of subsidiaries. We also manage taxation of Spanish workers sent to these markets and Latin American executives joining the Spanish headquarters.

Each market has particularities that may be beneficial depending on the type of activity. Portugal offers attractive tax regimes for holding companies and for attracting qualified talent. Morocco has free zones and special regimes for exporting companies. Italy has incentives for R&D and patent boxes. In all cases, the key is to correctly structure the form of establishment —subsidiary, branch or permanent establishment— and to apply the double taxation treaty with Spain to optimize group taxation. Our local teams in these three countries work in coordination with the Madrid tax team.

At least once a year, at the time of the close of the financial year and the planning for the next one. However, any significant change in activity —opening a new market, hiring an expatriate executive, new business line, M&A transaction, regulatory change in any country where you operate— should trigger a review of the tax strategy to avoid unforeseen risks. At UR Global we offer ongoing tax advisory that includes this continuous review, with proactive alerts regarding any regulatory changes that may affect your company.

An administrative firm focuses on the administrative handling and filing of tax returns in each country. An international tax advisory firm, such as UR Global, also designs the strategy—covering corporate structure, the application of double taxation treaties, and long-term planning. Many companies require both services in a coordinated manner—which UR Global offers as an integrated solution.