Overview Income Arising Overseas Estate Planning Divesting Of Personal Assets Inheritance Tax Planning Pre Migration Planning

Pre Migration Planning

Mr. Abdullah, an executive working for a big oil company in Kuwait and also resident in Kuwait (0% income tax) is sent by his employer to Germany to become the CEO European operations of his company. It is expected that he will stay in Germany for a long period of time (at least 8 - 10 years) and he will take his family with him to Germany.

Mr. Abdullah is concerned about the high personal income tax rates in Germany (up to 48.5%). He wonders whether his exposure to German tax can be mitigated as a result of pre-migration tax planning.

Suggested solution:

Mr. Abdullah might consider the transfer of funds and other property owned by him to a trust established by him prior to moving to Germany. The trust will then administer the property for beneficiaries as determined by Mr. Abdullah.

From a point of view of German tax law, Mr. Abdullah himself should not be one of the beneficiaries, at least not as long as he is a tax resident of Germany. The same is true for the other beneficiaries.

Back to top

A bespoke 'offshore' solution can be complex and requires careful planning and execution. We therefore encourage our clients to contact us directly, without obligation.

All of our consultants in our offices provide a Free Initial Consultation and will gladly assist with advice on how to approach your particular challenge.

To select one of our multilingual offices, click here for a list of our office contact details. Alternatively, click on the button below and request that a consultant calls you back.


Legal Warnings | Privacy Policy | Feedback     OCRA Worldwide 1995 -
Disclaimer: Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal or other
professional advice. OCRA Worldwide does not accept any responsibility, legal or otherwise, for any errors or omission.