Moving your wealth globally?
Some pre-immigration considerations

Pre-migration planning for moving to a foreign country

A smooth transition is all in the planning

Once you’ve decided to move to another country, a quick call to Avancier Legal will start the pre-immigration ball rolling.  It’s the single-most important step you can take. It’s vital you engage an experienced international tax and wealth-structuring lawyer well before immigrating or returning home.

Due to the worldwide taxation system some countries implement on its tax residents, the system is full of intricacies for non-residents coming (or expats returning) to their new country. Avancier can offset the impact with clear advice, structure and of course, planning.

How Avancier can help

Working closely with you and your overseas advisers, on strategies which include income tax and compensation planning; estate, gift and other transfer tax,  trust planning and wealth preservation.  Our team combines deep expertise in succession, immigration law, cross-border structuring, international tax planning and private client advisory to ensure a seamless transition to life and business in your new country. Avancier will take note of your personal circumstances with a focus on both the country you are moving to  and the country you’re leaving.

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Pre-migration planning advice

Depending on your circumstances, our advice may include:

  • Pre-Immigration Tax Planning Opportunities
    Evaluating tax exemptions and concessions that may be available and assisting local advisors to deal with potential double taxation that may arise as a result of your arrival.
  • Offshore Income Planning
    Our knowledge helps us work with foreign advisors to  use any applicable transitional residency rules to legally exempt or minimise some types  of offshore income.
  • Asset Protection
    We’ll advise you on structuring assets and income sources to make the most of tax outcomes and protect your wealth during the migration process.  
  • Trust Planning and Structuring
    Evaluating the use of offshore trust structures, New Zealand trusts, private trust companies, independent corporate trustees, companies and/or limited partnerships to protect assets (including financial assets, bank accounts, collectables, shares and property) and to secure family wealth.  
  • Succession Planning
    Advising on structures that cater to changing circumstances, including life events, potential relocations and retirement plans.  
  • Timeline
    Advising on establishing a clear timeline for when foreign income may become taxable (if applicable).  
  • Foreign and Offshore Entities
    We provide a guiding hand on managing offshore trusts, foreign (and domestic) trust structures and business structures before becoming a tax resident.
  • Risk Mitigation
    We focus on succession, asset protection issues and managing disclosure of information to authorities, by proactively planning and restructuring before you leave and after you arrive.
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Strategic Asset Restructuring Window

  • The transitional period gives migrants an opportunity to restructure their foreign financial affairs in an efficient manner.
  • This includes:
    • Reviewing foreign trust structures, companies, limited partnerships and related entities.
    • Liquidating, converting or restructuring passive investments.
    • Assisting with tax planning strategies for future income streams and distributions.
    • Evaluating the transactional costs of implementing those strategies that may minimize the impact of relevant tax codes.

Pre-Immigration and tax planning strategies

We work with migrants and their advisors on strategies which include income tax and compensation planning; estate, gift and other transfer tax, trust planning and wealth preservation.

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FAQs: Pre-Immigration Tax Planning

Why is pre-immigration tax planning important?

Pre-immigration tax planning helps you understand and manage the tax implications of moving to a new country.  Exit implications may arise in the country you are leaving but at the same time you want to plan and develop a tax and succession strategy to apply to the new country.   Many countries have complex worldwide taxation systems, and planning ahead can help you avoid unexpected tax liabilities and ensure a smooth financial transition.

What types of tax issues should I consider before immigrating?

Key issues include income tax, compensation planning, estate and gift taxes, business and trust structure planning, wealth preservation, and potential double taxation. Each country has different rules, so it’s important to review both the country you’re moving to and the country you’re leaving.

Can I restructure my assets before moving?

Yes in most cases.  Depending on the laws of the country you are leaving (and moving to)  there is a transitional period before migration which offers an opportunity to restructure foreign financial affairs, review trust structures, companies, and investments, and implement tax planning strategies for future income streams and distributions.

What are the tax implications for US investors?

Double taxation occurs when the same income is taxed in two countries. Where two countries have a double tax treaty pre-immigration planning can help you evaluate exemptions, concessions, and transitional residency rules to minimize or avoid double taxation.

Testimonials

“I've been fortunate enough to have worked with Claudia at different times as a colleague, as a client and as an advisor over the course of several decades and have always valued her ability to balance technical legal analysis with practical and commercial realities while never losing sight of the complex wants and needs of clients as human beings.”

Anonymous

"Claudia mentored me in the early years of my legal career, and what she taught me continues to shape the lawyer I am today. Her expertise in international private client matters—especially tax, estate planning, and trusts—is exceptional. She explains complex issues clearly and calmly, always putting the client’s needs first."

James Gribbin, Senior Associate, Michelmores, London, United Kingdom

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Get in touch with Avancier Legal as early as possible. The best outcomes are achieved when planning is done before you become a resident in the new country.

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