28 Jul 2016 3:02 PM

A new Expatriate Services report is available from our international alliance Alliott Group aimed at 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 Alliotts is the local affiliated accountants firm member in London, 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 faced by an internationally mobile workforce. [Read or Download the report here]  

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 the success or failure of an international assignment.

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?

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.

If you have any questions or need advice on the financial implications of sending employees overseas please contact me.