GlobInnova Projects (fictitious name), an Asturian company specialized in turnkey solutions, has managed to expand internationally guaranteeing the compliance of regulations fiscalis local and international.
Challenge
The company faced the challenge of adapting to the various tax regulations of the countries where it operates, ensuring the legality and efficiency of its operations.
Solution
They implemented a tax planning strategy that included:
• Permanent Establishment (PE) Analysis: they evaluated the existence of PE according to the double taxation agreements between Spain and the destination countries.
• Local advice: They worked with tax experts in each country to understand specific tax obligations.
• Taxation in Spain: they reviewed transfer pricing policies and applied tax exemptions for internationalization.
• Business structuring: they opted for a combination of direct exports and the creation of subsidiaries in key markets.
Results
This strategy allowed GlobInnova Projects to:
• Reduce tax and legal risks.
• Optimize the tax burden in different markets.
• Consolidate its international presence in a sustainable manner.
David Sota, international tax consultant approved by Asturex.
