Divizend

Every time an investor receives dividends on a cross-border basis, they are taxed twice: with domestic income tax and foreign withholding tax. While the latter can be refunded on the basis of so-called “Double Taxation Agreements” between two states, unfortunately these refund opportunities are widely missed out. This is due to the fact that the respective procedures are very complex, require special tax knowledge, rely on paper-based reclaim forms and there is overall no standardization in these processes, which makes every country a unique case. This leads to investors either ignoring their opportunities and taking cuts in their dividend returns which they legally don’t have to, or them hiring an expensive tax consultant, who will still do every step of the reclaim manually and therefore charge a comparatively high fee due to his involved working-hours.