What the patrimonial protection is

Asset protection is a complex and highly specialized science. Asset protection is the science of protecting assets, possessions, in all their forms, tangible and non-tangible from the aggression of creditors, be they the state or a particular state, courts and orders from judges through letters rogatory, seizure judicial proceedings, divorces, kidnapping and forced ransom, disputes and complaints from customers.

Studio Panama Italia, specialist in asset protection and globally recognized for its professionalism in issues such as asset protection via Foundations and Trusts , has been offering for decades the best personalized consultancy platform with specialized lawyers for industries and individuals seeking legal and effective optimization in the ' “asset management” and “asset protection” . Asset management means Asset Management, while Asset protection means asset protection. We consider, especially with regard to asset management, a prior telephone consultation in order to offer only the best legally and financially possible to the demanding customer. Precisely for this reason, Studio Panama Italia has decided for years not to offer asset management and asset protection services without prior telephone advice, fully refundable on the first order.

What is the asset protection for?

The basis on which this regulation of asset protection stands is to conceal the origin, transit and allocation of the asset through the use of certain instruments such as Foundations and Trusts, in specific countries, using legal and tax matters in order to evade legally and transparently AEOI, ( Automatic Exchange of Information ), comply with FATCA ( Foreign Account Tax Compliance Act ) if applicable, reduce due diligence disturbances due to FinCen ( Financial Crime Enforcement Network ), enforce AML diligently and KYC ( Anti Money Laundering ) and ( Know Your Client / Customer), informing through the right forms ( W8Ben , W9 etc, IRS Forms such as 5472 and 1120 ), respect the IGA ( Intergovernmental Agreement) between USA and Italy, avoid to appear in the Reporting Profile list, avoiding being both a CP (Controlling Person) and a PSC (Person with Significant Control) of complex structures. Finally , manage the assets according to the legal criteria available and the needs of the end customer .

Why do customers look for asset protection tools?

The aim is to avoid, through a correct asset protection, respecting the law, therefore legally and in the light of the sun, to be both for the Italian or European law and for the tax authorities of the country with preferential taxation; a UBO (Ultimate Beneficial Owner), therefore remaining outside any Risk and Reporting Profile list that the tax authorities and the supervisory sections of banking institutions are obliged to create on the basis of numerous data that fit together perfectly; creating a precedent and an obligation on their part to report an individual or structure to certain supervisory bodies. This avoids both taxes and real problems with taxes and the law. It also guarantees complete anonymity and control of one's assets and therefore definitive and error-free asset protection.

Is it legal to opt for the patrimonial protection of your assets?

Protecting assets is a financial and legal operation, carried out by a specialized lawyer, in accordance with the law and in full legality, through detailed legitimate and transparent legal and financial actions. Note that the protection of assets only takes place when the same has been protected by respecting the laws of the country where the asset is initially present and the country where the asset is legally and legally transferred. To carry out such a surgical execution of heritage protection practices and build a product or a series of products tailored to the customer's personal needs, like a real tailored suit; it is necessary to make use of a tax professional who is not tax resident and not legally domiciled in Italy and Europe. The motivation is soon said: any advice, even unofficial, on asset protection and asset management, given through an Italian and European tax consultant or accountant or lawyer or notary, is null and void before European and Italian law, lends itself to interpretations, is automatically invalidated by the professional order to which it corresponds, the same professionals consulted must keep data, communications, evidence between them and the clients and give them to the authorities in case of request.

Furthermore, they could not give advice on dynamics whose law, among other things, explicitly prohibits for transparency regulations. Finally, all the specialists who operate in Italy and Europe for offshore services are only intermediaries, or third parties who come between you, unsuspecting customers and professionals who actually operate offshore, like us who produce, process and deliver the product. When you operate through an intermediary, the risk is that you give your data to a third party in Italy or Europe, who does not have the method, not the legal faculty to own, peek, guard your business and private interests. The tools normally used to create anti-seizure structures and to conceal assets are the Private Interest Foundations (PIFs) on a Civil Law basis, the Trusts (now less used in favor of the PIFs) on a Common Law basis, and LLLP and American LPs.

Asset protection is essentially the most important part of Flag Theory. The new flag theory is about determining the best course of action for the problem you are facing using an international perspective. The new flag theory is about determining the best course of action for the problem you are facing using an international perspective. The structural hierarchy is designed to compartmentalize problems to be able to best identify a solution based on your problems. If you are looking for optimal asset protection, you cannot avoid addressing the issue with a series of specific ad hoc consultancies. It is useless to seek protection of assets by "purchasing" one of the specific products for the occasion without knowing if you really need it or without understanding which of the products is right for you and which is not.

For example: Where are the best places to incorporate globally as a remote entrepreneur? I pay too much in taxes, how can I legally lower this obligation using an international perspective, legally? My employees cost too much and have huge responsibilities, where else can I hire skilled English speaking manpower How can I effectively transfer wealth to my heirs? Which countries offer a second passport and what is the procedure for obtaining citizenship in these countries? What is the most effective company structure from the point of view of responsibility and risk? How do I avoid tax and inheritance taxes?

The questions are almost endless, just as the needs to be satisfied are endless. Below we propose the structures that more than any other benefit practically 100% of all the subjects, structures which are then shaped and modified, thanks to their native flexibility to satisfy all the needs of all the subjects involved.

Property protection for businesses and private citizens

Now, simply the protection of assets is the set of protective measures adopted by institutions (legal persons) and private citizens (natural persons), to prevent risks and threats that may affect them. Another definition is that it is the result of the adoption of a series of forecasts tending to obtain effects which delay the identification of those vulnerable points of our objectives by aggressors of all kinds, both real and potential; In a nutshell, it is the protection of the property and assets of a legal or family organization. To have this legal protection, organizations and individuals, under the guidance of a lawyer specialized in asset protection, analyze what the "points of opportunity" are and develop a security plan suitable for active asset protection. The security plan must address both the protection of property (physical security) and the assets and people representing that company or family.

In light of the above, it is important to highlight that asset security is a proactive area within the organization, where the most appropriate security measures are determined to address financial and other threats and risks. We remind you that the protection of assets also includes the health, privacy, personal and physical safety of one's own, one's family members or employees. Some of these measures consist in controlling dangerous or risky situations, change of country, change of residence, change of taxation, change of identity, transfer of assets, donation to private non-profit foundations, sale of assets to other institutions, up to protection basic physics, armored cars, personal security, and surveillance technology.

Asset protection also includes obtaining a residence in Panama or Paraguay . Contact us

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Divorces by edict in Panama

The protection of assets also passes through divorces done well and in the right way. Panama is at the forefront of obtaining divorces by edict where both are not required in the Panamanian country. It should be remembered that this method always works and when both spouses are resident in Panama, or in possession of Cedula E and have contracted the marriage in Panama or have registered it from a foreign country. We at Studiopanamaitalia provide legal services both for the transfer or transcription of marriage in Panama and for divorce without the presence of both spouses by edict, where we will act as witnesses in your favor and represent the couple at the time of signing.