Succession planning

Are you about to hand over your company – or your German business site – to the next generation? Or do you have business shares across the border in Germany? In either case, Dantax is your ideal advisor. We have years of experience advising Danish businesses in Germany.

Please be aware that things can take quite some time in Germany – and will need careful preparation. Perhaps one particular minor step must be taken before another and more important one can be taken. There may be essential formalities which need to be accomplished before the most important action can be realised. Perhaps such formalities require the intervention of a notary before a hand-over can be effected.

Planning and predictability constitute one important element of a generational hand-over, while minimisation of taxes and duties is another. When the tax regulations of two states are involved, things could get very complicated. The consultation provided by Dantax also covers a number of other aspects, such as the distribution between the heirs and securing the future of the investment – in alignment with your plans.

Inheritance, gifts and the legal framework all play important roles in a generational hand-over, so you are well advised to consult with Dantax. We are happy to advise you in co-operation with your Danish auditor or attorney.