Vienna · AustriaWONE Global Capability Partner · Austria
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Cases · People & private matters · Family, succession & private client
Plan succession for a family business across countries
How do we hand our family business to the next generation across countries?
WONE Global designs the succession plan with legal, tax and governance professionals in each country where the family and the business are, then puts the documents and structures in place.
Countries in the typical case Kenya · United Kingdom · Canada
The situation
What is happening
The next generation must take over a business with companies or family members in several countries.
What is at stake
Without a plan, succession triggers tax, family disputes and forced-heirship rules that can split the business.
Who faces this
- Private clients and families
- Mid-sized companies
A scenario
Family business founderPrivate client or family · from Kenya · in United Kingdom, Canada
The founder plans to pass the group on to children who live in the UK and Canada.
Where it ends A succession that works in every country.
A representative scenario of the work WONE Global coordinates, not a specific client’s matter.
Also asked as “Family business succession”“Succession planning for a business abroad”“We need to structure succession of a family-controlled company”
The solution
How WONE Global handles it
WONE Global designs the succession plan with legal, tax and governance professionals in each country where the family and the business are, then puts the documents and structures in place.
Usually led by Tax and structuring, with Setting up and running a company, Contracts and commercial law and Buying, selling and investing.
Step by step, in the scenario
- Weeks 1-4Assets, people and laws mapped.
- Weeks 5-8Plan designed.
- Months 3-6Documents and structures.
- ThenGovernance.
Timings are typical. They depend on the countries, the authorities involved and how quickly documents are available.
Decisions
The decisions involved
- 01Who will own and who will manage
- 02Which succession and tax rules apply in each country
- 03Governance: family council, shareholder agreement or trust
Outcomes
What you receive
- A succession plan across countries
- Restructured ownership
- Family governance documents
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
Tax and structuring, 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.
- Kenyain the typical case WONE Global Partner Farheen Khandwalla · Tax and Business Process Outsourcing Partner Brief this Partner →
- Canadain the typical case On request Availability confirmed before any work begins Bring a requirement →
- United Kingdomin the typical case On request Availability confirmed before any work begins Bring a requirement →
- Austria WONE Global Partner Dr. Rosam Karl J. · Managing Director Brief this Partner →
- Cameroon WONE Global Partner Edmond Christian AKOA MBALLA · Founder & Managing Partner Brief this Partner →
- Colombia WONE Global Partner Katherin Diaz Velilla · Co-Founder Brief this Partner →
- Ecuador WONE Global Partner Mauro Tejada Ramon · Tax & Legal Partner Brief this Partner →
- Germany WONE Global Partner Ulrike Berner, MBA · Managing Partner Brief this Partner →
- Hong Kong WONE Global Partner Yvonne Chow · Partner Brief this Partner →
- India WONE Global Partner Sandeep Gupta · Managing Partner Brief this Partner →
- Ireland WONE Global Partner Kevin McSharry · Managing Director Brief this Partner →
- Italy WONE Global Partner Alessandro Dagnino · Managing Partner Brief this Partner →
- Panama WONE Global Partner Ebrahim Asvat K. · Managing Partner Brief this Partner →
- Rwanda WONE Global Partner Lilianne Gasango · Tax & Financial Advisor Brief this Partner →
- Saudi Arabia WONE Global Partner Abdullah Yousef Alhussaini · Founding Partner Brief this Partner →
- United Arab Emirates WONE Global Partner Priju Dominic · CEO & Founding Partner Brief this Partner →
- United States WONE Global Partner F Miles Adler · Principal Brief this Partner →
- Vietnam WONE Global Partner Chau Kim Hien · CEO Brief this Partner →
- Zambia WONE Global Partner Gerald Zimba · Director Brief this Partner →
- Singapore 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
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…
Quito · EcuadorWONE Global Capability Partner · Ecuador
Mauro Tejada Ramon
Professional with 20 years of experience in Tax Administration, performing functions in the managerial and tax administration fields. Experience related to the fiscal field in the main sectors of the economy: Banking, c…
Munich · GermanyWONE Global Capability Partner · Germany
Ulrike Berner, MBA
Ulrike Berner has been Managing Director and shareholder of BSP since 2021, leading the strategic direction, client relationships, and business development of the firm. She has extensive experience working with firms an…
Kowloon · Hong KongWONE Global Capability Partner · Hong Kong
Yvonne Chow
Ms. Chow, our director, graduated from Smith College (US), and obtained her master's degree in Religion from Yale University. She is an associate member of Hong Kong Institute of Certified Public Accountants and Institu…
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
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.
- UAE ↔ United Kingdom · researched journeyA UAE company sets up a UK subsidiaryRead the journey →
- United Kingdom ↔ GCC · researched journeyA UK professional or financial services firm opens an office in the Qatar Financial CentreRead the journey →
- Private client or family · from India · in United Arab Emirates, India, United KingdomThey live in Dubai and own property in India and the UK. One will drafted at home may not be accepted in all three countries.How WONE Global handles it →
Family, succession & private client
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WONE Global Intelligence
Ask about doing business across borders
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