Cosa è una residenza Fiscale ?

La residenza fiscale è il “luogo in cui la persona ha la sua dimora abituale” mentre il domicilio fiscale è il luogo stabilito dalla persona, come sede principale dei suoi affari e interessi e come luogo per ricevere la notifica di tutti gli avvisi e comunicazioni ufficiali dell’Agenzia delle Entrate.

Perchè è vantaggioso chiedere una residenza fiscale ?

È vantaggioso possedere una o più residenze fiscali per la possibilità di gestire un´attività offshore o differenti attività offshore coordinandole con il fisco più idoneo a quella attività. Non è una semplice questione di pagare più o meno imposte, ma di poter avvantaggiarsi di Free Trades, sotto forma di convegni, trattati di libero scambio e anche imposte differenti e spesso pari a Zero. Per il soggetto provato invece , una residenza fiscale gli permette di decidere dove essere tassato ed in base a cosa, ritenendo un luogo più opportuno rispetto ad un altro.

Devo aprire una società per fare la residenza a Panama ?

lL convegno a cui, voi, come italiani vi rifarete per chiedere la residenza permanente a Panama si chiama ” Trattato di Amicizia ” in termini gergali e ufficialmente ” Convegno di Commercio e Navigazione Panama Italia”. Come noterete il nome legale fa enfasi sulla parola commercio e navigazione. Il convegno fu creato per garantire due cose : la residenza e poi la cittadinanza a Panama degli Italiani. Per ottenere la residenza e poi avere diritto alla cittadinanza, gli Italiani devono dimostrare un legame ” Commerciale” con la repubblica di Panamá. Questo obbliga all’ apertura di una società di cui voi siate unicamente i veri proprietari e unici azionisti ( o azionisti al 50%) di una società, una e una sola .Questo requisito spesso viene non compreso o volutamente omesso da advisor da strada, come chiamati a Panama, ovvero le ultime risorse che cercano clienti , il cui scopo non è di garantire un procedimento legale di trasferimento a Panama, ma lucrare sulle spalle dei poveri clienti che per risparmiare sulla società accettano il rischio . Cosa succede ? Essenzialmente il cliente non paga la società, ma solo il procedimento legale per l’ ottenimento della residenza . Il suo advisor forse solo una front page di qualche studio legale poco fortunato, utilizzerà una società riciclata centinaia di volte cambiando le azioni della stessa a nome dell’ ultimo malcapitato. Il malcapitato procederà all’ ottenimento della residenza che inizialmente gli verrà fornita. Dopo 1 o due anni a una consueta revisione della migrazione, si scopre che la stessa società di cui il cliente non ne sapeva nulla viene messa in black list per i troppi casi di clienti divenuti residenti tramite la stessa residenza . Il risultato , annullata la residenza, e impossibilitato a riottenerla per il resto della sua vita. Peggio se si arriva allo scadere dei 5 anni, e alla richiesta di cittadinanza si effettua la revisione dei requisiti passati e si scopre se non si è fatto prima il caso di negligenza voluta ma occultato al cliente. Ecco quindi un tipico caso di ” offerta last minute” in cui cadono in numerosi.

Legal entity with its own tax domicile.
Common Law : Seychelles Foundation Act
Suitable for the protection and segregation of all tangible and intangible assets such as patents, copyrights, money, real estate
It also serves as a will
It may be a shareholder in other for-profit companies but cannot manage for-profit businesses on its own

Seychelles Private Foundation

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Seychelles Private Foundation

The Seychelles Private Interest Foundation (“PIF”) is the latest state-of-the-art tax planning/asset protection product to emerge from the burgeoning tax haven of Seychelles.

Enacted into law in December 2009, the Seychelles Private Interest Foundation draws heavily on the most popular aspects of the Panama and Liechtenstein foundation models, but includes its own unique features, which are sure to make it particularly appealing to those clients for whom the protection of assets and tax minimization are a main focus.

The main advantages of the Seychelles Private Interest Foundation are in terms of the opportunities it offers in relation to tax deferral, succession planning and financial privacy. (The law also contains some of the most stringent asset protection provisions ever devised for such a structure).

Neither the names of the person(s) who set up the PIF nor of the subjects who will use it must be communicated to the Registry and the structure is easy to register - obtained with the simple deposit of the Foundation's Statute (whose document must NOT include the names of the Founder or of the Councillors).

The Seychelles Foundation Act is cleverly drafted as it stipulates that until the property of the Foundation is actually transferred to the beneficiaries, the beneficiaries have no legal interest in the property of the Foundation. The legitimate owner of the assets held by the Foundation is the Foundation itself!

Since there are limits to the type of trading activity a Foundation can engage in, a Seychelles Private Interest Foundation works best when used to hold the shares of your offshore company. This dual structure not only makes it nearly impossible for creditors/vultures to attack your assets but (given the wording of Seychelles law) it also creates a scenario where you may be able to legally avoid having to declare and pay Onshore Taxes on your Offshore earnings (unless or until the Foundation pays you a distribution).

Features and Benefits of Seychelles Private Interest Foundations

No Tax: Full exemption from Seychelles income or corporate tax, no withholding tax (“WHT”) is levied when distributions are made and no stamp duties are applicable.

Fast Registration and Name Approval: Seychelles structures can be incorporated in as little as 4 hours of applying.

Economical: The minimum required initial capital is only $1 which can be paid after registration (contrary to Panama where you need to invest a minimum of $10,000 to set up a PIF).

Easy to establish: it only requires the registration of a foundation charter.

Simple to structure:

Only one Director is required (which can be a natural person or an entity)
The Founder can also be a Councilor (but cannot be the only Councilor).

Easy to administer:

It is not necessary to submit the annual return
Accounts do not need to be verified
No obligation to submit annual accounts
It is not necessary to convene an annual meeting

Asset Protection: Seychelles Foundation Law:

It specifically stipulates that a Seychelles BIP is a separate legal entity in its own right. In particular, it provides that neither the Founder nor the Beneficiaries hold any shares in the Foundation's assets. In particular, it protects the transfer of assets to the PIF from aggression by the Founder's creditors. It requires that any claim by a creditor of the Founder can only be brought within 2 years from the date of transfer of ownership to the PIF.

Privacy:

A candidate can sign the Charter of the Foundation
It is not necessary to deposit the Foundation's regulations
It is not necessary to file the names of the Beneficiaries of the Foundation (or the Protector)
The names of the directors need not be indicated in the articles of association

Succession plans: The right to benefit from the assets of the Foundation can be passed on from one generation to the next outside the limits of the will or personal assets of the Founder. Seychelles law specifically excludes the application of foreign laws on forced inheritance

The Founder may reserve specific powers for himself or for others, including:

the right to appoint or remove Directors
the right to add or exclude Beneficiaries
the right to add or remove Protectors

A Protector can be appointed: AND can veto certain decisions (e.g. changing Directors or Beneficiaries). A Founder, a Beneficiary or a Director may also be appointed Protector (but a single Director or a single Beneficiary cannot act as Protector).

Flexible uses - a foundation in Seychelles:

May have beneficiaries;
o It can be exclusively for a specific purpose (without beneficiaries);
o It can be for a specific purpose and have beneficiaries.

The most common uses of Seychelles offshore foundations are:

Wealth protection
Inheritance/succession planning
Asset protection and management
Circumvention of the rules on forced inheritance
Charitable purposes
Pension funds
Hold art collections
Receive and manage capital and securities
Minimize international income, capital gains and estate taxes
Maintaining corporate control
Voting separation and economic benefits
Employee stock option schemes
Used by companies for employee benefit plans, retirement and stock option plans, insurance plans, and special financing arrangements
Recognized in both common law and civil law jurisdictions

Seychelles foundations can hold different types of assets:

Stocks, bonds and other securities of public or private companies
Intellectual Property • Real Estate/Real Estate
Banking • Investment portfolios
Life insurance policies
Most other resource types

Tax Performance

As long as the founder, beneficiaries, property or assets, contributions to the foundation originate outside Seychelles, the Seychelles Private Interest Foundation is exempt from:

Any income tax
Professional fee
Withholding Tax
Wealth tax
Donation tax
Profit tax
Capital gains tax
Distribution tax
Inheritance tax
Wealth tax
Stamp duty

In addition to opening your Offshore Foundation, you will probably be interested in creating a life insurance policy on your taxation, taking up a second tax residence, in a country with territorial taxation, such as a residence in Panama or a residence in Paraguay