International Tax Law Advisory for Devart
Overview
Devart is an international software company specializing in database management tools, ALM solutions, and data providers for major database servers. With subsidiaries and business interests in Hong Kong, Cyprus, and the USA, the company needed tailored tax advice to manage complex local and international requirements.
Challenge
Devart required a clear understanding of tax obligations across several jurisdictions while maintaining an efficient global corporate structure. The main challenge was to manage tax liabilities, reduce risks connected with cross-border operations, and support compliance with local regulations, international treaties, transfer pricing rules, and profit repatriation requirements.
Services Provided
• Initial assessment of corporate structure and operations
• Local tax law consultation for Hong Kong, Cyprus, and the USA
• International tax law and treaty analysis
• Cross-border transaction structuring
• Transfer pricing and permanent establishment risk review
• Profit repatriation planning
• Customized tax planning solutions
• Ongoing support on tax legislation changes
Our Work
ICON.Partners conducted a detailed review of Devart’s corporate structure, operational model, and financial activities in each relevant jurisdiction. The team identified critical tax issues and potential risk areas, then advised on local tax regulations, filing deadlines, reporting obligations, and available tax planning opportunities.
Our international tax lawyers also analyzed treaties and agreements affecting Devart’s cross-border transactions. We assessed permanent establishment exposure, transfer pricing implications, and profit repatriation routes. Based on this work, ICON.Partners developed tailored strategies to mitigate international tax risks, improve transaction structuring, and support compliance with applicable tax laws.
In addition, the team advised on efficient holding structures, available incentives, exemptions, and practical solutions aligned with Devart’s business goals and operational needs.
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Outcome
ICON.Partners delivered actionable tax law guidance and practical solutions that helped Devart manage its international tax position and reduce legal and regulatory risks. By addressing local and international tax issues through a tailored approach, the company improved operational efficiency, strengthened compliance, reduced exposure to double taxation risks, and supported sustainable growth in its global business.
ICON.Partners assists technology companies with local and international tax law advice, cross-border structuring, treaty analysis, transfer pricing risk review, and practical tax compliance solutions.
