Grant Thornton has issued a document describing the advantages of relocating businesses to other countries, including their tax profiles.

The 138-page document, "A global guide to business relocation," also covers other topics of interest for businesses looking to move abroad.

The Grant Thornton guide outlines what type of activity is commonly relocated and the benefits of doing so. The key to successful business relocation is early planning, working to achieve commercial objectives and careful execution. 

Topics covered in the guide include what effect new regulations will have on international structuring; how relocation can add value; change to the risk model; operational issues such as customers, suppliers and markets; reputation; legal issues; employment law; contract renegotiation; company law; and tax issues such as residency and controlled foreign corporation rules; transfer pricing; exit charges and indirect taxes.

In addition, the guide provides in-depth tax profiles of 26 countries: Argentina, Australia, Belgium, Brazil, Canada, Chile, China, Colombia, Cyprus, Hong Kong, Hungary, India, Ireland, Luxembourg, Malta, Mexico, Netherlands, New Zealand, Panama, Puerto Rico, Singapore, Spain, Switzerland, United Arab Emirates (UAE), United Kingdom and the United States.

“Many companies from large multinationals to entrepreneurial businesses are exploring relocating part or all of their operations to new territories,” said Grant Thornton Global leader of tax services Francesca Lagerberg in a statement. “While there are a number of cost and commercial reasons why a group may consider relocating part of their operations, it is also very important to understand all the consequences.”

For a copy of the report, visit

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