Structuring Personal Assets ^(HNWI)

A comprehensive legal and tax assessment was conducted regarding the client’s relocation to Spain, taking into account the potential application of the Beckham Law regime. The analysis included a review of Spanish legislation, the client’s income structure, and assets across multiple jurisdictions. The tax burden was calculated under three scenarios: with the special tax regime, without it, and without changing tax residency. A step-by-step plan for obtaining tax residency in Spain was developed, along with a legal risk assessment and an evaluation of the prospects for applying the special regime.

The client gained a clear understanding of the tax implications of relocating to Spain, the eligibility and advantages of applying the favorable Beckham Law regime, and a reliable tax optimization strategy. This enabled a safe relocation, avoidance of double taxation, and a significant reduction in the overall tax burden on their global income.

The team conducted a comprehensive assessment of the client’s tax and reporting obligations across all income types. This included analyzing potential risks and behavioral scenarios, and providing tailored recommendations for proper declaration, Controlled Foreign Corporation (CFC) notifications, foreign account disclosures, and currency reporting. Based on the findings, an optimal asset ownership structure was developed to ensure lawful tax minimization, reduce administrative risks, and maintain full compliance with Russian legal requirements.

The client received a clear, actionable strategy for tax and currency compliance, effectively minimizing the risk of fines, criminal liability, and administrative sanctions. The solution preserved the client's control over their assets and business structure, while providing long-term transparency and stability in taxation and reporting across multiple jurisdictions.