Recent content by saponaire

SCP shield you from any US inheritance tax in case any of your business touches US - Monaco SCP is a very cheap wrapper. If inheritance is not a concern, then could just use the US LLC. I don't see personally any need for a guernsey company (unless he wants to own these assets through a trust -...

@baltic7 what was your resolution?

1) You don't need the guernsey setup 2) I would suggest you setup a Monaco SCP (it's a transparent company, civil company - so not taxed), check-the-box to make it opaque for US tax purposes 3) make the monaco SCP own the US LLC I would be curious on how your setup went!

what did you end up doing? also why cayman?

I guess Singapore won't be tax free though?

didn't age well

What are the costs for these services and most importantly, do you think they are really a workable solution to prove "substance"? I am not sure how much corporate services can be considered substance..

Sorry, BVI wont work with participation exemption, it must have a DTT with italy. Romania might not impose, but the individual must pay 26% in Italy on any dividend they receive.

Note that 26% is on the final gains whenever you want to distribute the $$ in the company, ideally you never do that and you take loans against it or you pay some deductions.. If you do your setup Marzio, you end up paying the 26% anyway in the form of dividend tax at the personal level. The...

the only legal way for you to do this and save taxes is: * Setup an italian SRL * Setup a foreign company, let your SRL be the shareholder of this company and have other people (directors + employees) running it from a favourable jurisdiction (ideally with a DTT with italy) with office bank...

do you have any reference to this?

why are people recommending UK non-resident LTD?

how realistic is the worry about hong kong? also you don't really have to travel there with resident directors

Why not looking into Hong Kong? Seems like a cheaper setup.

I don't see why not. The taxable event is not happening in switzerland.