Vienna · AustriaWONE Global Capability Partner · Austria
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Cases · Business & ownership · Corporate ownership & governance
Merge or simplify group entities
We have too many companies abroad. How do we simplify?
WONE Global reviews the group, recommends which entities to merge, keep or close and runs each step locally, including tax clearances and the transfer of contracts, staff and assets.
Countries in the typical case France · Belgium · Netherlands · Spain · Italy · Germany
The situation
What is happening
What is at stake
Every unnecessary entity costs fees, filings, audits and director time each year, and each one is a place where something can go wrong.
A scenario
Industrial groupCorporation · from France · in Belgium, Netherlands, Spain and 2 more
It has 40 entities, half of them dormant.
Where it ends A simpler group.
A representative scenario of the work WONE Global coordinates, not a specific client’s matter.
Also asked as “Merge or liquidate dormant subsidiaries”“Group simplification across countries”
The solution
How WONE Global handles it
WONE Global reviews the group, recommends which entities to merge, keep or close and runs each step locally, including tax clearances and the transfer of contracts, staff and assets.
Usually led by Setting up and running a company, with Tax and structuring, Contracts and commercial law and Accounting and annual filings.
Step by step, in the scenario
- Weeks 1-4WONE Global reviews each entity.
- Week 5Merge, keep or close plan.
- Months 2-9Closures and mergers run locally.
- ThenFewer entities to run.
Timings are typical. They depend on the countries, the authorities involved and how quickly documents are available.
Decisions
The decisions involved
- 01Which entities to merge, liquidate or keep
- 02Tax losses, liabilities and contracts affected
- 03Employee and creditor processes
Outcomes
What you receive
- A simplification plan
- Mergers or liquidations completed
- Fewer entities, lower running cost
This is a general guide. Your WONE Global professional confirms the work, timing and fees for your markets before anything starts.
Services
The services involved
One area of expertise usually leads; the others move with it. WONE Global keeps them connected across every country involved.
Who handles it
Setting up and running a company, market by market
The status of the lead service in the markets that matter for this case. A named WONE Global Partner acts under their own licence; where none is in place yet, WONE Global confirms availability before anything else.
- Belgiumin the typical case On request Availability confirmed before any work begins Bring a requirement →
- Francein the typical case On request Availability confirmed before any work begins Bring a requirement →
- Germanyin the typical case On request Availability confirmed before any work begins Bring a requirement →
- Italyin the typical case On request Availability confirmed before any work begins Bring a requirement →
- Netherlandsin the typical case On request Availability confirmed before any work begins Bring a requirement →
- Spainin the typical case On request Availability confirmed before any work begins Bring a requirement →
- Austria WONE Global Partner Mag. Mario Haider · Tax Consultant Brief this Partner →
- Rwanda WONE Global Partner Lydie N. Murorunkwere · Founder & Managing Director Brief this Partner →
- United Arab Emirates WONE Global Partner Dr Hajra Nazir · Head Corporate Advisory / Consultancy Division Brief this Partner →
- India On request Availability confirmed before any work begins Bring a requirement →
- Saudi Arabia On request Availability confirmed before any work begins Bring a requirement →
- Singapore On request Availability confirmed before any work begins Bring a requirement →
- United Kingdom On request Availability confirmed before any work begins Bring a requirement →
- United States On request Availability confirmed before any work begins Bring a requirement →
Other markets: WONE Global covers 100 countries. Name yours in the requirement →
Vienna · Austria
Kigali · RwandaWONE Global Capability Partner · Rwanda
Lydie N. Murorunkwere
Lydie is the Founder and Managing Director of ML Corporate Services Ltd and the first Chairperson of the Rwanda Trust Companies Association (RTCA).
Dubai · United Arab EmiratesWONE Global Capability Partner · United Arab Emirates
Dr Hajra Nazir
Dr Hajra Nazir is qualified Professional Doctorate (PD) in Business Advisory & Compliance with prestigious organizations in the field of Corporate Advisory, Business Administration, Law, Commerce, Applied Economics etc.…
Vienna · AustriaWONE Global Capability Partner · Austria
Dr. Rosam Karl J.
Douala · CameroonWONE Global Capability Partner · Cameroon
Edmond Christian AKOA MBALLA
Bogotá · ColombiaWONE Global Capability Partner · Colombia
Katherin Diaz Velilla
Complete profile
- Tax and structuringNamed lead
- Licences, permits and regulatorsNamed lead
- Buying, selling and investingNamed lead
International tax attorney and strategic advisor with 12+ years across Colombia's DIAN, Ministry of Finance, Senate, Presidency, and EY. Co-founder of V&V Asociados. Specializes in cross-border tax structuring, transfer…
Discover
Where this case connects
The markets, corridors and guides behind this case, and the questions to put to Ask WONE below. Every link opens a page that links back here.
Markets in the typical case
- FranceMarket guide
- Setting up and running a company in FranceService in this market
- BelgiumMarket guide
- Setting up and running a company in BelgiumService in this market
- NetherlandsMarket guide
- Setting up and running a company in the NetherlandsService in this market
- SpainMarket guide
- Setting up and running a company in SpainService in this market
- ItalyMarket guide
- Setting up and running a company in ItalyService in this market
- GermanyMarket guide
- Setting up and running a company in GermanyService in this market
Services and subject
Ask WONE about this case
Worked examples
How it goes in practice
Researched corridor journeys, and representative scenarios on the same subject. None is a specific client’s matter.
- Germany ↔ GCC · researched journeyA German engineering firm sets up a Saudi project company to deliver a contractRead the journey →
- UAE ↔ Europe · researched journeyA UAE company sets up a GmbH in GermanyRead the journey →
- Corporation · from Canada · in Hong KongIt finds that its Hong Kong subsidiary has not filed annual returns for two years. Fines are building, and the bank has started asking questions.How WONE Global handles it →
Corporate ownership & governance
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WONE Global Intelligence
Ask about doing business across borders
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