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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 Corporate & Entity Services, with Tax & International Structuring, Legal & Contracting and Accounting, Reporting & Statutory Compliance.

Step by step, in the scenario

  1. Weeks 1-4WONE Global reviews each entity.
  2. Week 5Merge, keep or close plan.
  3. Months 2-9Closures and mergers run locally.
  4. 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

  1. 01Which entities to merge, liquidate or keep
  2. 02Tax losses, liabilities and contracts affected
  3. 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.

Who handles it

Corporate & Entity Services, 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.

  1. Spainin the typical case WONE Global Partner Darragh Brady · Partner CIB Finance Brief this Partner →
  2. Belgiumin the typical case On request Availability confirmed before any work begins Bring a requirement →
  3. Francein the typical case On request Availability confirmed before any work begins Bring a requirement →
  4. Germanyin the typical case On request Availability confirmed before any work begins Bring a requirement →
  5. Italyin the typical case On request Availability confirmed before any work begins Bring a requirement →
  6. Netherlandsin the typical case On request Availability confirmed before any work begins Bring a requirement →
  7. Austria WONE Global Partner Mag. Mario Haider · Tax Consultant Brief this Partner →
  8. Ireland WONE Global Partner Kevin McSharry · Managing Director Brief this Partner →
  9. Rwanda WONE Global Partner Lydie N. Murorunkwere · Founder & Managing Director Brief this Partner →
  10. South Africa WONE Global Partner Johan Beer · Partner Brief this Partner →
  11. United Arab Emirates WONE Global Partner Dr Hajra Nazir · Head Corporate Advisory / Consultancy Division Brief this Partner →
  12. Zambia WONE Global Partner Gerald Zimba · Director Brief this Partner →
  13. India On request Availability confirmed before any work begins Bring a requirement →
  14. Saudi Arabia On request Availability confirmed before any work begins Bring a requirement →
  15. Singapore On request Availability confirmed before any work begins Bring a requirement →
  16. United Kingdom On request Availability confirmed before any work begins Bring a requirement →
  17. 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 →

WONE Global Intelligence

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