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Tax, business and strategy, in one place.

Three integrated areas of activity, so that the tax, financial and strategic sides of each decision are considered together.

Tax and accounting consulting

Tax and accounting are assessed together: correct records are the foundation of every tax position, and every tax position must be supported by correct records. Our support helps clients meet their obligations, respect deadlines and maintain appropriate documentation in every jurisdiction involved.

Tax advisory

Corporate tax advisory in Cyprus and abroad
International tax planning within anti-avoidance rules
Tax due diligence on companies and transactions
Advance review of risk-sensitive transactions

Cross-border

Tax residence and substance requirements
VAT treatment of cross-border transactions and invoicing
Transfer pricing and intra-group arrangements
Assessment of DAC6 reporting obligations

Accounting

Supervision and review of bookkeeping
Review of financial statements
Accounting information for tax filings
Coordination with local accountants, auditors and tax advisers

The questions we most often start from: where is my company really tax resident? Is this cross-border arrangement reportable under DAC6? How should intra-group services be priced and documented?

Business consulting

We work alongside management, providing independent analysis and practical recommendations that can actually be implemented. The aim is to understand how the business is performing and how it is run, before deciding where to intervene.

Analysis

Business and management consultancy
Review of the financial and strategic situation of the company
Analysis of profitability, costs and cash flow
Review of internal processes and administrative organisation

Planning and support

Budgeting, forecasting and management reporting
Business plans and financial projections
Support in discussions with banks, investors and partners
Supervision of projects and coordination of external advisers

The questions we most often start from: is the business generating cash, and where is it lost? Is our budget realistic, and how do we track it? What do banks and investors need to see from us?

Strategic consulting

We help owners and directors take decisions on the future structure and direction of their business. Each strategic option is assessed together with its tax and financial consequences, so that the client can decide with a complete view of risks and benefits.

Structure

Design and review of group and holding structures
Special purpose vehicles (SPVs) for investments and transactions
Corporate reorganisations, mergers, demergers and transfers of business

Growth and transitions

Growth and market-entry strategies in Europe
Acquisitions, disposals and joint ventures
Generational transition and succession planning

Assessment

Tax and financial impact of each strategic option
Risks and benefits compared side by side
Coordination with legal advisers where needed

The questions we most often start from: do we need a holding company, and where? How do we enter a new European market? How do we prepare the business for the next generation?

Frequently asked questions

What clients ask us most often

Do you have to be my main advisers, or can you work alongside my current ones?

Either works. On many engagements we coordinate with the accountants, auditors and lawyers the client already has, taking on the international or strategic side. We never ask anyone to change their advisers.

In which countries can you assist me?

Our core jurisdictions are Cyprus, Italy, the United Kingdom, Hungary and Malta; we also handle projects in other European countries, working with local professionals where the subject requires it. The coordination, however, stays in one place: with us.

How are fees and the scope of work defined?

Every engagement is defined in writing: scope of work, fees, timing and the responsibilities of each party. The fee is agreed before we start, based on the real complexity and the volume of work required.

What is the relationship with Studio Umbriano & Partners and the UAE companies?

Datahive Consulting Limited is the European arm of a professional group that includes Studio Umbriano & Partners in Milan and, in the United Arab Emirates, Outstanding Life International FZC and Outstanding Tax & Accounting FZC. For projects touching several areas the client still has a single point of contact.

What languages do you work in?

English and Italian, with clients and with their advisers, including on technical matters.

Are your clients’ names public?

No. For confidentiality and professional discretion we do not disclose the names of our clients, nor do we use them as public references.