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.

Only to countries for which Panama has a double tax treaty
Requires prior obtaining of Panamanian RUC from DGI
It may or may not be present
Requires a complete passport copy for the counting of income and expenses
1 month to get it, some times less
You must be a resident of Panama
Requires attorney
External Resource : DGI PANAMA ▶︎

Tax residency in Panama

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Tax residency in Panama

Territorial taxation in Panama - tax residence

How to obtain tax residency in Panama

To obtain tax residency in Panama you need to provide:

Cedula E
Apostilled copy of entire passport
Receipt of utility in your name or a notarized rental contract
Having physically stayed over 183 days in Panama, even if not consecutively
Possibly an RUC streamlines the procedure.

Difference between tax residence and registered residence

There are two types of residences. Tax residence and registered residence. Both tax residence and registered residence play an essential and decisive role in the definition of a natural person subject or not to a certain type of tax treatment.

Definition of Registered Residence

The registered residence is the physical place where one is registered with the relevant registry office. Therefore the registered residence belongs to a municipality, municipality, whether or not it is a province where the citizen is registered at the Registry offices of that municipality/municipality. Each municipality/municipality has a Population Registry office, and every citizen has the obligation and the right to be registered on the list of that registry, to receive the benefits to which, as an Italian citizen, he is entitled.

Registered residence is the municipality in which a person officially declares himself resident for administrative reasons, such as issuing identity documents, registering with the healthcare system, issuing a tax code and other similar matters.

▶︎ Tax implications of registered residence

Registered residence is important for identity and administrative issues , and has few direct tax implications but indirectly influences the validity of tax residence.

Definition of Tax Residence

Tax residence is the place where the private citizen is subject to tax treatment and is subject to tax monitoring according to the tax rules of that place.

Tax residency is where a person is considered fiscally relevant to pay or not pay taxes.

▶︎ Implications of tax residency

Tax residency is used to understand whether a citizen has to pay taxes in that place where he is fiscally active. The laws depend on the country where the citizen has decided to be tax resident. Normally for an Italian, being tax resident abroad also involves the loss of registered residence. In fact, to be subject to preferential tax treatment in Panama, Italian citizens must register at the AIRE offices of the Italian embassy in Panama. This leads to the loss of registered residence in the municipality to which they belong. You therefore become registered and fiscally resident in Panama.

The law that regulates and governs the meaning of Panamense tax residence and requirements to obtain the status of tax resident in Panama is the Resolución 201-4984 of 12 July 2022.

Tax residency advantages in Panama

Tax residency in Panama is advantageous because it allows you not to pay taxes based on the country's territorial taxation. Every country has the right and duty to attract capital and this is done by acting through international mechanisms of fiscal cooperation, modifying its laws making them attractive to foreigners. Panama has the most advanced set of tax laws in place for expats anywhere in the world. This set of laws allows you not to pay taxes and to truly live legally tax free in the eyes of the Italian tax authorities. Furthermore, Panama is compliant with the latest OECD global tax transparency targets and thanks to this since 2023 it has been off the gray list and is no longer considered a tax haven for Italy or Europe, this allows it to benefit from zero taxation, legal banking secrecy, permanent residence without limits and tax-free, without having the burden of proof towards the Italian tax authorities once registered in AIRE.

Do your tax residency in Panama

Studio Panama Italia regularly provides the certificate of tax residence in Panama. It is possible in Panama to request the Certificate of Tax Residence for all residents with Cedula E. Note that this certificate can be obtained in any country in the world. The certificate of tax residence in Panama certifies that the person or legal entity has only one tax residence in a single specific country and that it is, from a tax point of view, treated according to the geographical location of this tax certification. Law 33 of July 2010 amended by Law 52 of 28 August 2012, Resolution no. 201-10860 of 26 August 2013 and the Executive Decree n. 958 of August 7, 2013 regulate the matter of tax residence in Panama.

The certificate of tax residence in Panama is in principle only applicable to residents of countries with which Panama has signed double tax treaties. Currently these countries are:

Mexico, Barbados, Qatar, Spain, Luxembourg, Netherlands, Singapore, France, Korea, Portugal, Ireland, Israel, Italy (latest arrival) Czech Republic, United Arab Emirates, United Kingdom, Vietnam

Pursuant to current legislation, natural and legal persons must demonstrate their tax residence exclusively on the basis of evidence regulated and duly recognized by the Authority.

The legal entity can prove its tax residency in Panama in two (2) ways by demonstrating the following:

Which has means of management and administration in the Republic of Panama.
Which has an Operations Notice in effect.

In the case of an individual, the certificate of tax residence in Panama can be obtained proving one of the following hypotheses:

Who has economic interests in Panama, by presenting an original letter of employment issued by a qualified person from the foreigner's employer company. In the case of independent investors, a copy of the Panamanian tax return must be presented and proof that the applicant has stayed in Panamanian territory for more than 183 alternating or continuous days during a tax year or the immediately preceding year.
That a center of vital interests of the person is maintained in the country, by demonstrating that he has established his principal home in Panamanian territory through a lease or title deed and by presenting a utility bill (water, electricity, telephone) in the name of the person requesting the certificate.

Once the natural person has demonstrated before the Competent Authority that he has his tax residence in Panamanian territory, the Directorate of General Taxation, DGI, issues a resolution together with the certificate, which confirms that he is subject to taxation in Panama and can mitigate double taxation in the other contracting country by presenting the certificate to the competent authorities.

You can contact us to find out more about the corresponding information, as well as to detail the requirements established by our legislation to request a tax residence certificate. To obtain the tax residence certificate, it is possible as Italians, through our office to request and obtain it, however, it is necessary to take up residence in Panama as Italians.

Tax residency in Panama for Forex Trader

It is possible to take up residence in Panama in order not to pay any tax on capital gains obtained through the activity of traders, forex traders, crypto traders, and any other speculative activity, sale of shares, government funds, etc. In Panama many people move physically or only legally by purchasing a residence in Panama through our service for purely speculative/fiscal purposes. In Panama the trading activity always pays zero taxes and does not require accounting books. You can trade both as an individual, receiving the earnings in your personal account in Panama, and as a company, receiving the capital gains in the corporate account. It's up to you to choose how. In both cases zero taxes apply. The important thing is not to open accounts with Panamanian brokers due to the territorial taxation of Panama. So if you want to carry out an online trading activity, such as forex trading, or crypto trading etc. you need to take up residence in Panama and use this residence to open forex accounts outside Panama. For example, open a Degiro account in the Netherlands with your residence in Panama, or a forex account with a Swiss, Hong Kong, German or American operator. In any case, the forex trading activity will not be subject to any capital gains tax in Panama and you will be able to operate your speculation in forex trading or crypto trading tax free again thanks to the territorial taxation of Panama which also exempts you from the POEM if you use a Panamanian company.

Spend at least 183 days a year in Panama

After spending 183 days in Panama you can assert your tax residency by applying to the DGI. You should ask for this certificate only if you have previously registered with AIRE at the Italian embassy in Panama. Do not take certification without actually first transferring physical residency to Panama via AIRE.

You will need to get an RUC

Contact us to start the procedure at the DGI, we will ask you for a full copy of your passport. The process could take up to a month

Receive the tax residency certificate

Once you have the certificate, you can send it to your bank in Europe, Asia, USA or to your crypto or forex exchange. You can send it to AdE if they ask you. Remember that it is not a mandatory certification, but it could be useful for you, in case you first register with AIRE in Panama and then ask for the certificate.

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