Case studies

Forging the Future of Work: How Exxeta Pioneers Global Remote Work Solutions, supported by ECOVIS Heidelberg

ECOVIS Portugal provides corporate secretarial, domiciliation and directorship services to global investment entity

ECOVIS STLex with ETS Global in European business development

Supporting Hydroline Oy in establishing a company and expanding in Poland

M&A transaction with Belgian parent company to an company in Hungary with US subsidiary

We were contacted by an in-house attorney of a multi-national company based in Belgium regarding corporate/M&A legal services in the United States. The client provides technology solutions for a variety of applications, including energy storage and testing, automated systems, etc.

The Information Lab – A Cross-Border Case Study

Co-operation with external partners crowned with success

Ecovis has entered into successful co-operation with GIA, a business partner specialized in different projects designed to install systems of integrated supply management.

Ecovis Costa Rica has many successful clients. The fact that Ecovis is an international firm has helped us with the acquisition of one of our clients, PTI.

PTI is currently focused on expansion of infrastructure throughout Latin America, the Caribbean and the United States.

Ecovis assists its client with outsource accounting, local tax compliance and company formation

ECOVIS Legal Spain assists Spanish automotive components producer with expansion of plant

Ecovis Sydney provides comprehensive start-up services to UK film company

Ecovis assists electrical contracting business to avoid double taxation

New Zealand: Our client needed expert advice on appropriate Australian taxation options to specifically avoid double taxation and align its financial reporting periods from the Australian financial…

Ecovis helps to restructure Australian wholesale company

New Zealand: The main task was restructuring multiple companies that had been incorporated in New Zealand since the business structure of the companies was not optimal for Australian purposes.

Ecovis provides tax and advisory services to UK start-up

UK: The client needed a reliable partner during the business formation process to provide specialist advisory services in the fields of accounting, taxation as well as legal services in Germany. We assisted the client in ensuring their UK operations are UK compliant. There will be an on-going management and financial reporting role. Currently, we are providing assistance in agreeing an employee contract template.

Ecovis team provides ongoing support to foreign bank branch with regulatory reporting

Uruguay: We have a permanent team at the bank working on this assignment and it is now the fourth consecutive year in which we have performed these tasks to our client’s satisfaction.

Ecovis assists private bank with anti-money laundering and counter-terrorism financing compliance

Uruguay: We have a permanent team of professionals at the bank constantly updating information files and ensuring that head office rules and regulations are being complied with.

Ecovis helps start-up company gain competitive edge in Polish market

Poland: Understanding our client’s needs to respond quickly and effectively helped our client gain a first-mover advantage over its competitors. By the beginning of 2015, our client had already become a market leader in Warsaw, Cracow and Poznań.

Ecovis recommends and assists client in implementing improved internal controls

Uruguay: Ecovis made recommendations on how to improve the internal control system in the areas of purchasing and cash management in order to prevent unwanted situations from occurring in the future.

Czech-based SEKO Group Acquires German Smithy Company

Czech Republic: Our client, SEKO Group, is a leading Czech-based manufacturer of key components for aircraft jet engines and steam turbines. The company also manufactures complete drilling rigs for customers around the world and has production facilities in Brazil and India.

Status of non-habitual tax resident in Portugal

Portugal: Our client’s business activities focus on the provision of computer technology services, including market observation, feasibility studies, assessment of competition, support in the management of IT projects, and standard software maintenance.

Ukraine International Airlines and ECOVIS Bondar & Bondar

Ukraine: We have recently successfully represented UIA in several significant disputes in Ukrainian courts.

South East Asian Bank

China, Beijing: Our client is located in the South East Asia region, providing IT solutions to financial institutions. It won a project in Beijing (China) to provide IT solution for a foreign bank. Our client outsources the hardware domestically in China while insourcing the software from an offshore company. It sends technicians from its HK subsidiary to Beijing to perform the work.

Local Chinese Manufacturer

China, Beijing: Our client is a local Chinese manufacturing company located in the greater Beijing area. Their business is doing well but at times the client needs technical services to continue operations.

Supplier for Aviation Industry

China, Beijing: Our German headquartered client provides equipment and services for the aviation industry, working closely together with major aircraft manufacturers. With its products, our client is a globally marketed leader. In

Lufthansa and Ecovis Argentina

UK: In April 2014, Ecovis Argentina were approached by Ecovis Germany (Munich Office) to deal with tax registration service and monthly and annual corporation tax compliance and preparation of annual financial statements for a assembly operation PE of Lufthansa Technik AG in Argentina.

Lufthansa and Ecovis Beijing

UK: In March 2014, Ecovis Beijing were approached by Ecovis Germany (Munich Office) to deal with monthly and annual corporation tax compliance for a Beijing representation office of Lufthansa AG.

Automotive Start-Up

China, Beijing: Our client is a startup enterprise specialising in electronic components for automobiles, used to achieve superior performance, whether it be more power, cleaner emissions or better fuel efficiency. The young company provides the whole range of services from software development to chip production combined with extensive after-sales service.

Lufthansa

UK: At the beginning of the year, we were approached by Ecovis Germany to deal with corporation tax compliance for a UK branch of Lufthansa Technik AG.

Whitbread Plc

UK: Whitbread had a resourcing issue at a critical time in their year end reporting timetable for the preparation of tax provisions.

Event Management Business £4m sales and 35 staff

UK: ECOVIS Wingrave Yeats advised this owner managed business on how to restructure their senior management team so that communication was improved.

Wyndham Hotel Group

Wyndham Hotel Group approached Wingrave Yeats to seek assistance in back office support.

Hydro Power and Engineering Company with Projects in Vietnam

Vietnam: Advice and assistance on various legal and licensing requirements in Vietnam

US Medical Technology Company Active in Several Countries in Europe

USA: The client is a US company, one of the world’s leaders in specialised medical technology, with a European headquarter located in Spain.

New Funding Structure for International Residential Property Company, Germany

Germany: Our client is an internationally structured company developing residential property in Germany and Austria. With more than 5,000 flats on about 170 properties, mainly in Vienna and Berlin, it is one of the most successful companies in this sector.

eStore

Germany: Our client is one of the leading manufacturers of pen tablets, interactive pen displays and digital interface solutions. The head office is located in Japan. The German subsidiary is responsible for the European market.

Carnival Cruise Lines

Carnival Cruise Lines is listed in London and the US but has fewer and smaller subsidiaries in the UK.

RAB Capital Plc

UK: RAB is an FSA regulated and AIM listed asset management company. RAB required hands on assistance to manage all aspects of its tax compliance.

Manufacturing fortune 500 company: Employee Background check

China: The company was insecure about which person to employ as their new General Manager. They had to choose one out of three candidates they had interviewed before.
Hiring and especially terminating labor contracts in China can be difficult and extremely expensive. Also, fluctuation rates in China are enormously high. Therefore research on candidates’ backgrounds becomes increasingly more important for companies operating in China to keep HR costs low.

Succession of a big Car Repair Shop / Car Dealer Company without Capital Resources of Successor

Germany: There was no successor for the company in the owner-family, so an external successor was needed. At the same time the owner wanted to continue his business with the smaller part of the company – the repair shop.

A medium-sized German Manufacturing Company with Foreign Operations

Germany: A German company produces leather goods and sells them in Germany and abroad, mainly via the internet. Tax obligations as a German company for sales of goods outside of Germany were neglected. This led to tax compliance problems in different countries. The purpose of the project was to examine the tax obligations of a German company in countries where it is active and to ensure tax compliance.

Medium sized, highly specialized Manufacturing Systems Engineering Company

Germany: Due to the general financial crises orders have slumped, which lead to drastic financial problems, although it was planed to finanice the investments in a new manufacturing hall from the cash flow.

Major US Investment Bank

UK: Credit Default Swap product documentation and confirmations were inaccurate and incomplete.

Commerzbank – Commercial Paper Conduit

We were approached in order to establish systems to match requirements with regard to bookkeeping and reporting needs.

Medical Engineering Firm (10 million € turnover, 40 % of which from international business)

Germany: After the MBO in 2007 the company started production and distribution of an innovative substance needed in many different medications. This has a lot of advantages compared to its substitutes, most important of which are the avoidance of side effects. The product was good and the market ready. But administrational support in tax, compliance and financial issues was needed urgently.

PR Consultancy with £5m sales and 40 staff

UK: We were appointed to consult with this PR business £5m on their strategy for the next five years. The two owner-managers had been approached to sell the business but wanted to discuss their options before they jumped to any quick conclusions.

Major German ABCP Conduit 2

UK: €10bn asset backed securitisation program investing across a range of debt securities, receivables and reference pools of receivables.

Major German ABCP Conduit 1

UK: Internally maintained records were inaccurate and reporting was slow.

Roxi Petroleum Plc

UK: Roxi was formed to acquire and develop oil and gas assets, principally in Kazakhstan. It listed on AIM in 2007. We provide outsourced tax and accounting services for the UK parent company including preparation of financial statements and tax disclosures for their auditors, BDO Stoy Hayward.

Major US Investment Bank

UK: Technical guidance needed on IAS39 first time application of hedge accounting followed by setting up reporting. This client came as a referral from Structured Finance Management Limited with whom we have worked since 2004 on over 100 vehicles.

Rynda Property Investors LLP

UK: At inception Rynda needed a detailed information reporting model to be developed to meet the needs of the wide investor base.

Realstar

UK: We were involved in preparing the year end Statutory Accounts of this Hotel Management Group for Deloitte, the group auditors to audit. There were 79 subsidiaries (or SPV’s) in this part of the group each of which held a hotel property.