Private Client Services

We offer a wide range of international tax planning and reporting services for beneficiaries and businesses: from determining beneficiaries’ asset management and strategy development tasks to assistance in implementing asset restructuring measures and assessing their effectiveness.
 

We help clients structure investments in both business and personal assets to ensure greater transparency, enhancing legal and tax efficiency. We also provide migration law services, such as obtaining residence permits and citizenship as well as tax diagnostics before relocation to another country.
 

We provide clients with comprehensive support in preparing tax returns and related calculations (including an analysis of financial asset portfolios of various sizes) as well as financial statements for CFCs, including the calculation of their profit for Russian tax purposes.

As recognized experts on the application of the law on currency regulation and currency control, we help our clients determine the status of a currency or special resident and clarify the procedure for opening accounts with foreign banks and other financial-market organizations as well as relevant currency reporting obligations, including the submission of new reports on the movement of funds and assets on foreign accounts in the portfolio.
 

As for currency regulation and special restrictions, our team prepares legal opinions and comments on the use of foreign accounts, makes recommendations on acceptable transactions with currency assets and provides support in preparing documents related to currency law requirements and special temporary measures – a very popular service in the light of additional restrictions. 
 

We also advise on opening accounts in foreign jurisdictions and prepare reference letters for foreign banks to ensure successful completion of the KYC procedure.

Since 2018, the Russian tax authorities have automatically received a significant amount of information on the foreign financial assets of Russian tax residents. 
 

Our team offers diagnostics of foreign accounts and private capital management structures.
 

We determine CRS status (for both individuals and legal entities, including their structures) and the scope of CRS compliance procedures as well as help reduce the risks of disclosure of incorrect or incomplete information during automatic exchange.

Our team comprises professionals with strong experience in supporting cross-border and local transactions. This enables us to provide highly qualified professional support in structuring personal investments and restructuring business assets.
 

Our professionals have considerable experience in due diligence–related diagnostics and the analysis of legal and tax risks during due diligence assumed by companies before and after investments.
 

We provide services for the efficient legal and tax structuring of transactions, analyze transaction documents from a tax perspective and assist in the further efficient integration of processes, policies and procedures in tax and legal functions.
 

We also help clients prepare all supporting transaction documents under Russian and foreign law. 
 

We have extensive experience in supporting the formation of joint ventures and preparing shareholder and cooperation agreements between beneficial owners under both Russian and foreign law.
 

Our team can assist with the purchase of art objects, luxury items, aircraft and yachts.

Risk management is integral to success in business, as surprises may prove costly.
 

To safeguard long-term assets on a volatile financial market, clients must anticipate changes in law, manage all types of risks and regularly review their investments. Our professionals are always ready to advise on an “early warning system” for clients.
 

We identify tax risks in the jurisdictions relevant for the client, develop risk mitigation measures and assist in implementing them.

Our team has extensive experience in setting up legal structures for transferring assets to heirs or successors. Such structures ensure efficient taxation and the transfer of property and property rights.
 

We compare inheritance scenarios in various jurisdictions (will, personal fund, trust, etc.) that are best suited for the client based on his or her personal situation and wishes. We also draft supporting documentation and provide required advice upon succession to an inheritance.

The B1 team actively works with clients and their families to help preserve family capital, distribute it properly and transfer it to the next generation.
 

Our professionals help draft and prepare prenuptial and asset division agreements under Russian and foreign law. Drawing on a wealth of experience, the B1 team takes a strategic approach to planning to preserve family welfare.

We support our clients in consolidating personal assets and setting up family offices to manage them. 
 

We can help develop an efficient tax and corporate structure and a management and decision-making structure, open an office abroad and prepare all supporting documents.
 

Our team can also help open an office abroad for commercial purposes.

B1 professionals offer assistance with US taxation. We provide advisory services and other US tax services to a wide range of companies (from global corporations to small private joint stock companies and hedge funds) and affluent individuals. 
 

We are the only company in Russia that provides US tax services to individuals.
 

B1 services include preparing tax returns and various reporting forms and advising on asset structuring, the tax consequences when US citizenship or a Green Card is granted or denied, and pre-immigration planning. 

B1 actively supports a variety of charity projects. Our professionals, for example, can support the establishment of various charity organizations both in Russia and abroad.