28 September 2011
We have launched a London based Russian and Eastern European team for Commonwealth of Independent States (CIS) and Central and Eastern European (CEE) countries.
The business desk will be led by Bob Savic, who joins us from KPMG. Bob has over twenty years of experience working for the ‘big four’ accountancy firms in their offices in Russia, Central Europe and the Far East. He has extensive experience of advising on cross border corporate taxation issues, including transactions. Bob is also fluent in Russian, Ukrainian, Serbian and Croatian.
One area of focus for the new desk will be advising both companies and private individuals from CIS or CEE countries that are looking to set up business operations or otherwise relocate to the UK. The team will work alongside our specialists and associate firms internationally in order to provide the full range of audit, tax and advisory services to clients, as well as a new relocation service.
Ladislav Hornan, Managing Partner in our London office says: “We are delighted to have Bob on board to lead our Russia and Eastern European team.”
“UHY Hacker Young already has strong links with Russian speaking countries and has successfully acted as reporting accountants for a number of CIS companies floating on the London Stock Exchange’s Alternative Investment Market (AIM) and won business in the region against audit teams from the four big accountancy firms.”
“Bob is especially keen to work with dynamic growth companies across Russia and Eastern Europe with a view to facilitating listings on the London, Hong Kong and Singapore stock exchanges.”
“With Bob’s knowledge and extensive business network, we are looking forward to building on those strong foundations and enhancing the range of services we can offer to our clients.”
Bob Savic comments: “This is a great time to join UHY Hacker Young’s International team. The established trend for Russian and Eastern European businesses and individuals to relocate to the UK is likely to intensify in the next couple of years.”
“There has recently been a significant simplification of entry and settlement options for foreign nationals of substantial personal wealth or entrepreneurial potential, such as those investing more than £200,000 in UK businesses. These changes, as well as the relaxation of existing non-domicile tax rules to allow individuals to spend up to 180 days a year outside of the UK without losing their right of residence, will prove very attractive to individuals and businesses looking to relocate to the UK.”
The launch of the Russian and Eastern European desk follows the success of the firm’s China desk, which was set up last year.
We produce a range of informative publications focusing on the latest accounting issues. Click to add yourself to our mailing list.
Up to £15 million will be clawed back from academy schools before the end of the current academic year due to government budgeting errors, according to our data.
A quarter of all taxpayers may be paying the wrong amount of tax due to incorrect PAYE codes according to our analysis.
The cost of listing on AIM has risen at its fastest rate in more than five years according to our findings.
A sudden surge in M&A activity on AIM is being driven by private equity backed deals to take companies private, our research reveals.
From 6 April 2012 HMRC will be able to ask employers to pay a financial security where it thinks there is serious risk that the business won’t pay over their PAYE tax deductions or National Insurance contributions (NICs) on time.
The value of loans to businesses in the UK has slumped by 13% since the collapse of Lehman Brothers, the second fastest fall among the G8, according to our findings.
Our international network, UHY, welcomes new member firm in Tunisia, CNBA.
Hot on the heels of an announcement from HMRC that the closure date for the Liechtenstein Disclosure Facility (LDF) has been extended to 5 April 2016 has come speculation that the local banks are pushing for much higher transfers of funds into Liechtenstein and a minimum period for which any account must be kept open.
