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Compliance and audit reviews
From mandates, best practice procedures or accreditations, to simply gaining peace of mind, our technical and industry experts have you covered.
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External audit
Strengthen business and stakeholder confidence with professionally verified results and insights.
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Financial reporting advisory
Deep expertise to help you navigate New Zealand’s constantly evolving regulatory environment.
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Corporate tax
Identify tax issues, risks and opportunities in your organisation, and implement strategies to improve your bottom line.
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Indirect tax
Stay on top of the indirect taxes that can impact your business at any given time.
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Individual tax
Preparing today to help you invest in tomorrow.
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Private business tax structuring
Find the best tax structure for your business.
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Tax disputes
In a dispute with Inland Revenue or facing an audit? Don’t go it alone.
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Research & development
R&D tax incentives are often underused and misunderstood – is your business maximising opportunities for making claims?
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Management reporting
You’re doing well, but could you be doing even better? Discover the power of management reporting.
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Financial reporting advisory
Deep expertise to help you navigate New Zealand’s constantly evolving regulatory environment.
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Succession planning
When it comes to a business strategy that’s as important as succession planning, you can’t afford to leave things to chance.
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Trust management
Fresh perspectives, practical solutions and flexible support for trusts and estate planning.
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Forecasting and budgeting
Prepare for every likely situation with robust budgeting and forecasting models.
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Outsourced accounting services
An extension of your team when you need us, so you can focus your time, energy and passion on your business.
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Setting up in New Zealand
Looking to set up a business in New Zealand? You’ve come to the right place.
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Policy reviews & development
Turn your risks into strengths with tailored policies that protect, guide and empower your business.
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Performance improvement
Every business has untapped potential. Unlock yours.
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Programme & project management
Successfully execute mission-critical changes to your organisation.
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Strategy
Make a choice about your vision and purpose, where you will play and how you will win – now and into the future.
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Risk
Manage risks with confidence to support your strategy.
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Cloud services
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Data analytics
Use your data to make better business decisions.
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IT assurance
Are your IT systems reliable, safe and compliant?
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Cyber resilience
As the benefits technology can deliver to your business increases, so too do the opportunities for cybercriminals.
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Virtual asset advisory
Helping you navigate the world of virtual currencies and decentralised financial systems.
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Virtual CSO
Security leadership and expertise when you need it.
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Debt advisory
Raise, refinance, restructure or manage debt to achieve the optimal funding structure for your organisation.
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Financial modelling
Understand the impact of your decisions before you make them.
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Raising finance
Access the best source of funding for your business with a sound business strategy and rigorous planning.
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Business valuations
Valuable decisions require valued insights.
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Complex and international services
Navigate the complexities of multi-jurisdictional insolvencies.
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Corporate insolvency
Achieve fair and orderly outcomes if your business – or part of it - is facing insolvency.
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Independent business review
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Litigation support
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Business valuations
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Forensic accounting & dispute advisory
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Expert witness
Our expert witnesses analyse, interpret, summarise and present complex financial and business-related issues which are understandable and properly supported.
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Investigation services
A fast and customised response when misconduct occurs in your business.
The top ten economies
The ongoing eurozone crisis is certainly putting Europe on the world map – although for all the wrong reasons.
And yet many European businesses are still more likely to seek regional opportunities rather than emerging markets – from full corporate migrations or inversions to setting up a regional hub, offshoring support services to setting up an offshore intellectual property (IP) management vehicle.
So this year, our updated guide to business relocation in Europe is bigger, better and packed with 26 country profiles. If you are considering a big step, such as expanding or relocating overseas, then please contact a Grant Thornton adviser in your country. But for a quick overview, here is a summary of 10 popular countries to relocate to in Europe:
1. Belgium
The commercial benefits of being located at the heart of Europe, a good IP regime for patents and a very attractive financing system (with notional interest deductions) means Belgium is often used, particularly as an IP holding company location.
2. Cyprus
Widely used for investment into Russia and Central Europe owing to a strong treaty network, Cyprus is increasingly used for service companies, including the financial services sector, attracted by a 10% corporate tax rate, simple regime, and relatively low cost.
3. Hungary
A relatively new holding company location destination, Hungary is ideal for accessing other Eastern European countries. It also has a straightforward tax system, a low overall tax rate and a good IP regime, which can result in such income being taxed at five per cent.
4. Ireland
Ireland is a popular location for holding and IP holding companies, particularly with a wealth of skilled workers in the technology and pharmaceutical sectors. It also has a flexible tax system, low corporate tax rates of 12.5% for active trades, and a good IP regime.
5. Luxembourg
Pre-eminent within the finance sector, it is a common holding company location and is often used as a treasury/financing location. Advance agreements with the tax authorities are possible whereby Luxembourg only taxes a small spread on financing flows.
6. Malta
A relatively low cost of living combined with a good quality workforce makes Malta a popular jurisdiction for service companies. If structured correctly, corporate tax rates of less than five per cent are achievable.
7. The Netherlands
Once widely regarded as the holding location of choice, its regime is perhaps not as competitive as a decade ago. With an excellent treaty network and a flexible tax system, the Netherlands still remains popular as a holding company location, and is widely used by service, trading and logistics groups.
8. Spain
Not widely recognised as a holding company location but its strong treaty network with Latin America means that Spain is a very good holding company location to access these markets. Its attractive R&D credits and IP regime can also result in a low effective tax rate.
9. Switzerland
With access to a sophisticated workforce, Switzerland is widely used as an entrepreneurial hub, especially in the food and drink, pharmaceutical and financial services sectors. Although expensive, with a complex tax regime, overall corporate taxes can be low.
10. UK
While the complexity of the tax regime is a deterrent for many, US multinationals in particular continue to use the UK as a holding company structure – this is driven by commercial factors, particularly relative ease of set-up, language factors and communication links.
The full report is available to download here.
Adapted from the Grant Thornton UK International and Emerging Markets Blog