Case studies

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

ECOVIS Portugal provides corporate secretarial, domiciliation and directorship services to global investment entity - ECOVIS International
Background Our client is a global investment company who manages and administers €424bn of assets on behalf of their clients. The company had 8 entities in Portugal for which they needed corporate secretarial services, domiciliation, and directorship services. This client...
ECOVIS STLex with ETS Global in European business development - ECOVIS International

ECOVIS STLex with ETS Global in European business development

Educational Testing Service (ETS) is a non-profit organization founded in 1947 in the United States. In 2001, ETS set up its European headquarters in the Netherlands in order to promote ETS testing, build and strengthen relationships with education and assessment...
Supporting Hydroline Oy in establishing a company and expanding in Poland - ECOVIS International

Supporting Hydroline Oy in establishing a company and expanding in Poland

Hydroline Oy is a leading manufacturer of world-class heavy-duty hydraulic cylinders. The company started as family business in 1962 in Vuorela, Finland.  Hydroline Oy’s customers include the most renowned machine and device manufacturers in mining, construction, agriculture, maintenance, load handling, forestry, hoisting, recycling,...
M&A transaction with Belgian parent company to an company in Hungary with US subsidiary - ECOVIS International

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

Background 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,...
The Information Lab – A Cross-Border Case Study - ECOVIS International

The Information Lab – A Cross-Border Case Study

The Information Lab is market leading supplier of software licences and provider of consultancy and support services for its software. The company has grown over the last five years organically and by acquisition and now has a presence in the...
Co-operation with external partners crowned with success - ECOVIS International

Co-operation with external partners crowned with success

In February 2018, ECOVIS Colombia was established from a company founded in 2000 providing services in the fields of auditing, taxation and consulting, with clients in different sectors of the economy such as industry, health, education, non-profit organizations, free trade...
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. - ECOVIS International

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.

Background PTI was founded in 2013. Its mission was to own and operate high quality wireless infrastructure sites in stable markets experiencing strong wireless usage growth around the world. PTI is currently focused on expansion of infrastructure throughout Latin America,...
Ecovis assists its client with outsource accounting, local tax compliance and company formation - ECOVIS International

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

Background Our client in Turkey is a subsidiary of a multinational company operating in the field of batteries, chargers, accessories for motive, reserve, aerospace and defence applications. The client’s headquarters are located in the United States of America. (more…)
ECOVIS Legal Spain assists Spanish automotive components producer with expansion of plant - ECOVIS International

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

Background Our client is a major multinational company in the automotive sector, with various plants in Spain which produce automotive components. The company needed to expand one of its plants in Northern Spain to increase its production capacity. (more…)
Ecovis Sydney provides comprehensive start-up services to UK film company - ECOVIS International

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

Background In November 2012 KEO Films, which had recently won a contract to produce an Australian version of a UK TV series, was put in contact with Ecovis Sydney, because they needed to get their footprint established urgently, before Christmas!...
Ecovis assists electrical contracting business to avoid double taxation - ECOVIS International

Ecovis assists electrical contracting business to avoid double taxation

Background Our client is a large electrical contracting business based in New Zealand. The company develops industrial electrical and control systems and had expanded its operations into Australia. Issue Our client needed expert advice on appropriate Australian taxation options to...
Ecovis helps to restructure Australian wholesale company - ECOVIS International

Ecovis helps to restructure Australian wholesale company

Background BPM Australia is a large, fast-moving international wholesale company for consumer goods. The firm had expanded into New Zealand with business and property interests. Issue The main task was restructuring multiple companies that had been incorporated in New Zealand...
Ecovis provides tax and advisory services to UK start-up - ECOVIS International

Ecovis provides tax and advisory services to UK start-up

Background Our client is an innovative UK start-up in the field of digital research and content curation/maintenance. Issue The client needed a reliable partner during the business formation process to provide specialist advisory services in the fields of accounting, taxation...
Ecovis team provides ongoing support to foreign bank branch with regulatory reporting - ECOVIS International

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

Background A branch of a foreign bank was subject to certain restrictions on hiring professional staff. Problem The bank is required to comply with the rules of the Central Bank, which set out the requirements for ensuring the correct accounting...
Ecovis assists private bank with anti-money laundering and counter-terrorism financing compliance - ECOVIS International

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

Background Uruguay’s second most important private bank was acquired by an international bank. Consequently, the local bank was obliged to adapt to the rules and regulations of its new head office. Problem In order to comply with head office rules...
Ecovis helps start-up company gain competitive edge in Polish market - ECOVIS International

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

Background Our client is a young and dynamic company offering a platform for online table reservations in restaurants. The company currently provides its services in 12 countries worldwide and is constantly looking to expand its market reach. Launched in 2012,...
Ecovis recommends and assists client in implementing improved internal controls - ECOVIS International

Ecovis recommends and assists client in implementing improved internal controls

Background One of Uruguay’s leading passenger transport companies, which is regulated by the authorities, requested a review of its purchasing processes and cash movements. Problem The results of the review showed that certain procedures did not follow good practices in...
Czech-based SEKO Group Acquires German Smithy Company - ECOVIS International

Czech-based SEKO Group Acquires German Smithy Company

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. Seeking...
Status of non-habitual tax resident in Portugal - ECOVIS International

Status of non-habitual tax resident in 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. As an engineer, our client chose not to set...
Ukraine International Airlines and ECOVIS Bondar & Bondar - ECOVIS International

Ukraine International Airlines and ECOVIS Bondar & Bondar

Background Ukraine International Airlines (UIA) is Ukraine’s leading airline established in 1992. Issue ECOVIS Bondar & Bondar has been acting as legal counsel to UIA and representing the company in various corporate and dispute resolution matters for many years. Solution...
South East Asian Bank - ECOVIS International

South East Asian Bank

Background 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...
Local Chinese Manufacturer - ECOVIS International

Local Chinese Manufacturer

Background 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. Issue As the client needed technical support service for...
Supplier for Aviation Industry - ECOVIS International

Supplier for Aviation Industry

Background 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 the past, its Chinese operations were managed only by...
Lufthansa and Ecovis Argentina - ECOVIS International

Lufthansa and Ecovis Argentina

Issue 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...
Lufthansa and Ecovis Beijing - ECOVIS International

Lufthansa and Ecovis Beijing

Issue 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. Solution Ecovis Beijing is successfully filing all monthly and annual...
Automotive Start-Up - ECOVIS International

Automotive Start-Up

Background 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...
Lufthansa - ECOVIS International

Lufthansa

Issue 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. Solution We successfully filed the 31/12/2012 and 31/12/2013 UK tax computations in a...
Whitbread Plc - ECOVIS International

Whitbread Plc

Issue Whitbread had a resourcing issue at a critical time in their year end reporting timetable for the preparation of tax provisions. Solution We were seconded to Whitbread over a fixed period in order to complete the work concerning the...
Event Management Business £4m sales and 35 staff - ECOVIS International

Event Management Business £4m sales and 35 staff

Issue ECOVIS Wingrave Yeats advised this owner managed business on how to restructure their senior management team so that communication was improved. Solution We helped install a new financial management reporting system that would enable them to track their performance...
Wyndham Hotel Group - ECOVIS International

Wyndham Hotel Group

Issue Wyndham Hotel Group approached Wingrave Yeats to seek assistance in back office support. Solution We provide a full hands-on service to allow overseas companies to enter and operate in the UK and European markets with minimum investment and reduced...
Hydro Power and Engineering Company with Projects in Vietnam - ECOVIS International

Hydro Power and Engineering Company with Projects in Vietnam

Advice and assistance on various legal and licensing requirements in Vietnam Issue The company is incorporated under the laws of India as one of the subsidiaries of the holding company in Germany. The company is involved in turnkey delivery of...
US Medical Technology Company Active in Several Countries in Europe - ECOVIS International

US Medical Technology Company Active in Several Countries in Europe

The client is a US company, one of the world's leaders in specialised medical technology, with a European headquarter located in Spain. Issue Their warehouses were located in six European countries, filing of tax returns in the six involved countries...
New Funding Structure for International Residential Property Company, Germany - ECOVIS International

New Funding Structure for International Residential Property Company, 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. In...
eStore - ECOVIS International

eStore

Background 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. In 2006 the client introduced...
Carnival Cruise Lines - ECOVIS International

Carnival Cruise Lines

Issue Carnival Cruise Lines is listed in London and the US but has fewer and smaller subsidiaries in the UK. Solution Looking for a more personalised service and an alternative accountancy firm, Carnival Cruise Lines approached us to audit for...
RAB Capital Plc - ECOVIS International

RAB Capital Plc

RAB is an FSA regulated and AIM listed asset Management Company. Issue RAB required hands on assistance to manage all aspects of its tax compliance. Solution We were engaged to bring outstanding tax matters up to date and to provide...
Manufacturing fortune 500 company: Employee Background check - ECOVIS International

Manufacturing fortune 500 company: Employee Background check

Issue 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...
Succession of a big Car Repair Shop / Car Dealer Company without Capital Resources of Successor - ECOVIS International

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

Issue 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. Solution...
A medium-sized German Manufacturing Company with Foreign Operations - ECOVIS International

A medium-sized German Manufacturing Company with Foreign Operations

Tax problems in different countries Issue 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...
Medium sized, highly specialized Manufacturing Systems Engineering Company - ECOVIS International

Medium sized, highly specialized Manufacturing Systems Engineering Company

Short term liquidity problems due to financial crises Issue Due to the general financial crises orders have slumped, which lead to drastic financial problems, although it was planned to finance the investments in a new manufacturing hall from the cash...
Major US Investment Bank - ECOVIS International

Major US Investment Bank

Middle Office for Credit Derivatives Issue Credit Default Swap product documentation and confirmations were inaccurate and incomplete. Solution Block of historic trades had to be researched through systems and processes and confirmed with counterparties or unwound or novated to new...
Commerzbank – Commercial Paper Conduit - ECOVIS International

Commerzbank – Commercial Paper Conduit

Issue We were approached in order to establish systems to match requirements with regard to bookkeeping and reporting needs. Solution We help our clients (such as Private Equity Firms, Commercial Banks, Shipping companies) collect, process and analyse their financial information,...
Medical Engineering Firm (10 million € turnover, 40 % of which from international business) - ECOVIS International

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

Innovational steps after management buy-out Issue 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...
PR Consultancy with £5m sales and 40 staff - ECOVIS International

PR Consultancy with £5m sales and 40 staff

Issue 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...
Major German ABCP Conduit 2 - ECOVIS International

Major German ABCP Conduit 2

€10bn asset backed securitisation program investing across a range of debt securities, receivables and reference pools of receivables. Issue Records had fallen into disarray. Solution A significant level of analysis and close examination of records was required, highlighting historical errors...
Major German ABCP Conduit 1 - ECOVIS International

Major German ABCP Conduit 1

Peak funding for the conduit reached €7bn and covered special purpose vehicles securitising an array of trade receivables, notes and other investment securities Issue Internally maintained records were inaccurate and reporting was slow. Solution a major historical restitution process was...
Roxi Petroleum Plc - ECOVIS International

Roxi Petroleum Plc

Roxi was formed to acquire and develop oil and gas assets, principally in Kazakhstan. It listed on AIM in 2007. Issue We were approached by Roxi Petroleum since the company had a head office in London, but no in house...
Major US Investment Bank - ECOVIS International

Major US Investment Bank

Issuance of £1bn bonds Issue 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...
Rynda Property Investors LLP - ECOVIS International

Rynda Property Investors LLP

Rynda is an FSA regulated property fund business. Issue At inception Rynda needed a detailed information reporting model to be developed to meet the needs of the wide investor base. Solution A reporting model was developed to replicate best of...
Realstar - ECOVIS International

Realstar

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