We service our clients in two main ways in accordance with our license:
I. Tax Advice:
Tax advise to our national and international clients under German tax law. This includes tax declarations and tax advise in m&a or s&p projects as well as in tax litigation. On the shipping side, we advise our clients on German Tonnage Tax and Insurance Premium Tax aspects. In international tax matters, we cooperate with the tax advisors from our Ince network. If you are looking for UK tax advice please klick here.
II. Trust & Escrow:
We assist our national and international clients in single and double sided trust / escrow arrangements by providing trust/escrow accounts for our clients and taking care of the releases in line with the previous agreed conditions for the releases in accordance with the trust/escrow agreements. We are using for each escrow matter new separated trust accounts and not block / serial accounts. We open the account (often on short notice) once the kyc check is conducted by us.
We often act as international escrow agent in connection with the sale of ships, airplanes, companies and real estates but also in connection with claims in dispute.
In trust/escrow matters we cooperate with the Ince Consultancy UG as our servicer for the necessary arrangements and with a well known German shipping banks as trust bank whereby last year 140 escrow matters were handled with almost 700 million Euro in escrow.