Development of efficient tax and corporate structures from the
shareholders' and potential investors' perspective are key
issues in a business restructuring. Each cross-border restructuring
usually involves several jurisdictions. Below are some of the most
frequently asked questions (and answers) on the cross-border
restructuring of Ukrainian business:
1. Which jurisdiction should be chosen for the Holding?
The most commonly used jurisdictions for the Holding are Cyprus,
Luxembourg and the Netherlands. Each jurisdiction has its own
advantages and disadvantages and the choice of a particular
jurisdiction will depend on several factors, including, in the case
of an IPO, the stock exchange where the Holding's shares will
be listed. For instance, to be included in the FTSE index on the
London Stock Exchange, the group should have a UK public company as
the holding structure. Ferrexpo plc is an excellent example of this
structure.
